$BTC is trading at approximately $106,570, marking a 1.44% increase over the past 24 hours. The cryptocurrency reached an intraday high of $107,844 and a low of $104,350.
$BTC is currently less than 2% away from its all-time high of $110,000. Analysts suggest that if the bullish momentum continues, Bitcoin could surpass this milestone soon.
The market’s optimism is further supported by a record-high futures open interest of $75 billion, indicating increased leveraged exposure. Additionally, the realized price—a metric representing the average price at which BTC was last moved—stands at $93,266, suggesting that long-term holders are in profit and reinforcing the market’s strength.
