$BTC has shown significant upward momentum, currently trading around $97,000. This surge follows positive U.S. macroeconomic data indicating a contraction in GDP and stable inflation. Market sentiment points towards momentum trading, fueled by increasing spot market demand.

Notably, open interest in Bitcoin options has peaked at $1.5 billion with a $100,000 strike price, signaling strong investor confidence. MicroStrategy's ambitious plan to double its Bitcoin investment to $42 billion further underscores institutional bullishness. Technically, Bitcoin has broken through medium-term resistance, suggesting potential for further gains, although a high RSI indicates it might be overbought in the short term.