Bitcoin breaks 110,000! Is it a real bull or the last frenzy?
The truth behind the surge: Institutions are scooping up
Wall Street giants are buying like crazy, with ETFs attracting $1.5 billion
Now institutional holdings account for 6% of Bitcoin's total market value; these big players are the real whales
However, altcoins have completely lagged behind, indicating that funds only recognize Bitcoin as the 'digital gold'
Various factions are shouting orders
The most conservative Standard Chartered Bank: sees 200,000 by 2025
The most extreme, Blockstream CEO: believes it can reach 1,000,000 this round
Coinbase CEO directly stated: the future is million
But looking at on-chain data: transaction fees and miner income have not increased; be careful of being misled
Harsh reality
Bitcoin's share is only 63% now; altcoins still have to wait for a breakout
Exchange leverage rates are off the charts; a single correction can trigger a chain liquidation
All analysts are making grand predictions; to reach 200,000, there needs to be 15 trillion in funds to back it up
Operational advice:
Hold onto your spot positions and don’t make rash moves; don’t get shaken out by volatility
Contract players be cautious; at this position, exploding long or short positions can happen in minutes
Remember: when big players shout orders, it costs them nothing; your capital is real money
In a bull market, cherish every rise. Paying attention to on-chain data is more reliable than listening to analysts ramble