Bitcoin Hits the $100,000 Barrier: Are Bullish Signals Indicating a Historic Breakthrough?

Recently, BTC has surged dramatically, and the market is holding its breath to see if it can knock on the door of $100,000. On-chain data shows that open interest (OI) continues to rise, with significant signs of new capital entering the market, and historical experience indicates that this metric is often positively correlated with price increases. Meanwhile, exchange reserves have dropped to 2.3831 million BTC, down 0.67% in a single day, with a net outflow of -4,330 BTC. The trend of capital exiting trading platforms suggests that investors prefer to hold long-term, alleviating supply-side pressure and providing support for the market.

On the network level, the number of active addresses is steadily recovering, and increased user participation typically accompanies a sustained rising cycle, highlighting a revival of market confidence. The on-chain profitability indicator MVRV Z-score has risen to 2.42, indicating that holders are gradually profiting, but still far from the dangerous zone of historical peaks. The market has not yet entered a phase of excessive speculation, and there is still room for upward momentum to be released.

From a technical perspective, BTC is challenging the critical resistance level of $98,000. If it can stabilize at this threshold, combined with the current healthy capital structure and on-chain activity, breaking through $100,000 may no longer be a fantasy. However, the cryptocurrency market is known for its volatility, and the tug-of-war between bulls and bears near historical highs may intensify, requiring investors to remain vigilant about short-term correction risks. This battle to break into the 'six figures' may be approaching a decisive moment. #比特币预测