Bitcoin Price Action and Market Analysis:

Bitcoin $BTC has been showing bullish signs, with analysts predicting a potential surge past all-time highs.

Bitcoin price is extending gains, trading above $97,000, driven by institutional buying and macroeconomic optimism. A decisive break above resistance levels could lead to further upward momentum, potentially retesting $100,000.

"Hot supply," or recently moved Bitcoin, is increasing, indicating a rise in speculative capital entering the market.

Bitcoin is experiencing a surge in capital turnover, with new investors entering the market.

Analysts suggest that global central bank activity, specifically a move towards gold, could trigger a Bitcoin price run to new all-time highs.

Bitcoin is consolidating after a recent surge, holding gains near $97,000, with traders awaiting key economic data.

Institutional Activity and Adoption:

Fidelity reports inflows into its Bitcoin ETF, reflecting increased institutional interest.

Strategy is raising significant capital to increase its Bitcoin holdings, signaling strong institutional demand.

Metaplanet, a Japanese Bitcoin treasury firm, is expanding into the U.S. to accumulate more Bitcoin, citing Florida's Bitcoin-friendly environment.

Coinbase is launching a new Bitcoin Yield Fund, offering investors annual returns.

Market Trends and Developments:

Bitcoin's most recently moved supply segment is increasing, suggesting a rise in speculative capital.

There's a reported surge in Bitcoin's "hot capital," indicating a shift from dormancy to speculation among newer market entrants.

The relationship between US Treasuries, central bank activity, and gold is being analyzed for its potential impact on Bitcoin's price.

Bitcoin is gaining ground on gold, with a growing percentage of Americans turning to BTC.

Overall Sentiment:

The market sentiment around Bitcoin is largely positive, with increasing institutional interest, positive price momentum, and predictions of further gains.