Bitcoin surges to $111,000, is the bull market foundation more solid?
BTC hits a new high, institutional investors lead the way, ETFs have attracted capital for six consecutive days, spot ETF holdings reach a historical peak, and IBIT's single product surpasses the total of 14 other ETFs.
Unlike previous instances, this round of increase is not driven by FOMO:
📉 Financing rates are rising moderately, and speculation heat is low
💰 Short-term capital inflow is limited, and has not yet overheated
🐋 Large holders/short-term holders have not yet concentrated on taking profits
Data agency CryptoQuant believes:
This wave of increase has a steady rhythm, is driven by fundamentals, has low speculation, and possesses a 'healthier and more sustainable' upward foundation.
With mainstream recognition and clearer regulation in the United States, BTC is transitioning from 'speculative concept' to globally recognized asset.
