Bitcoin, as the number one cryptocurrency by market cap, has recently reached new highs. On April 25, the price of Bitcoin surged to $95,976, setting a new record since early March. As the market gradually recovers, the fundamentals of BTC have quietly shifted towards strength.

From on-chain data, capital is flowing back into the Bitcoin network, with both stable and speculative funds rebounding simultaneously, providing upward momentum for the market. At the same time, risk model indicators are retreating, indicating that market liquidity is slowly recovering—in simple terms, selling pressure is easing, and more people are looking to buy the dip.

However, don't be overly optimistic. The mid-term targets of $90,000 and $93,000 have already been 'digested' by the market, with new short-term targets looking towards $103,000, and the long-term direction being $108,000. But in the short term, the trading price of Bitcoin has strayed too far from the mean, entering an overheated zone, which means it may consolidate or rise slowly in the coming days, rather than soaring.

Profit-taking has already occurred over the weekend; this localized adjustment, while causing anxiety, indicates that as long as capital continues to flow in, BTC still has the potential to challenge the historical high of $109,114 set in January. Just a reminder, a slight pullback in the short term is a normal phenomenon, so don’t be easily shaken out.

The conclusion is clear: Bitcoin is currently in a favorable position, but this is not a market to rush into with closed eyes. Patience and a sense of timing are key to the next round of gains.