The current Bitcoin rally is primarily driven by three core factors: institutional capital inflows, regulatory advancements (including policy compliance), and technological innovations like the Lightning Network.
Coupled with deeper integration into traditional finance—evidenced by milestones such as Coinbase's inclusion in the S&P 500 Index—the market structure is transitioning toward rationality, marked by declining leverage ratios in derivatives markets.
Long-term projections suggest significant upside potential, with Bitcoin poised to breach the $120,000 to $150,000 threshold as institutional adoption solidifies and macroeconomic tailwinds persist.
