$USDC Bitcoin is knocking on the door of $100,000 again. Tick, tock…,” wrote Anthony Pompliano.
Previously, a Bitfinex forecast suggested that if Bitcoin stays above $95,000, a revisiting of its all-time highs becomes likely. This prediction seems to be materializing as Bitcoin is now trading above this threshold.
Moreover, several indicators and market developments support the bullish sentiment. An analyst revealed that Bitcoin has surpassed a price range where many traders held high-leverage short positions.
“There is no significant resistance until around $100,000,” the analyst stated.
In its weekly newsletter, Glassnode also noted that Bitcoin's realized capitalization has reached a record of $889 billion, increasing by 2.1% in the last month. This increase reflects growing investor confidence and capital inflows.
The firm noted signs of renewed market strength, with significant capital flowing back into Bitcoin, particularly through ETFs. In the last two weeks, over $4.6 billion has flowed into Bitcoin ETFs.
“The total AUM held within U.S. spot ETFs has now risen to over 1.171 million BTC, just 11,000 BTC shy of the ATH of 1.182 million BTC"
This increase in inflows has largely reversed the previous period of outflows, indicating even stronger demand for Bitcoin.
CryptoQuant highlighted that in the last three days, the amount of stablecoins sent to Binance has grown substantially. The peak was on May 6, when the inflow reached nearly $1 billion, marking the largest single-day deposit since April. This increase in stablecoin holdings suggests a rise in liquidity. This indicates that traders are positioning themselves for future transactions in the market.