Bitcoin breaking through $112,000 is not a coincidence, but a wave of value reassessment driven by the traditional capital flood, global easing expectations, and breakthroughs in key infrastructure.
As an analyst who has tracked the market for many years, I believe that the core logic of this market cycle has fundamentally changed.
Whales are entering the market, and the competition for chips is heating up. BlackRock's IBIT increasing its holdings by 8,200 Bitcoins in a single day is just the tip of the iceberg. The synchronized buying by traditional giants like Goldman Sachs and Morgan Stanley confirms the full opening of the institutional allocation window. Last year, I deeply analyzed BlackRock's entry path — they are not short-term speculators, but view Bitcoin as a new generation of strategic reserve asset. Just like MicroStrategy's pioneering move in 2020 that triggered a following wave, now the actions of trillion-dollar asset management giants are reshaping the market supply pattern: the BTC inventory on exchanges has fallen to a five-year low, and institutions are continuously accumulating through dark pools, while the circulating supply accessible to ordinary investors is rapidly shrinking.
The Federal Reserve's shift in expectations ignites the 'digital gold' narrative. Wall Street is buzzing with the probability of a rate cut in September soaring to 89%, and the global liquidity gates are about to loosen. When Goldman Sachs declares 'Bitcoin is replacing gold', it is not unfounded. During the 2023 Silicon Valley Bank crisis, BTC rose 17% against the trend while gold fluctuated, showing initial signs of evolving as a safe-haven asset. Now, with sovereign funds and pension funds building positions in dark pools, Bitcoin is further pushed into the mainstream anti-inflation arsenal — it is no longer just a playground for risk-takers, but a strategic high ground for large capital to respond to currency devaluation.
Ethereum ETF countdown ignites ecological value reassessment. The soon-to-be-approved SEC Ethereum spot ETF is not just a simple positive for ETH. It means that hundreds of billions of compliant funds will have complete access to the crypto world. Recall that after the Bitcoin ETF was approved, the daily net inflow for IBIT exceeded $300 million. As Ethereum, the cornerstone of DeFi, NFTs, and stablecoins, gains equal access, capital outflow will completely activate the dormant altcoin market. History will not simply repeat, but the path of capital flows is clear.
Market FOMO sentiment has reached a boiling point, but the biggest risk for institutional investors is not missing out, but operating large capital games with retail investor thinking. At this time, more important than chasing highs is: examining whether your portfolio structure has volatility resistance and whether it can seize the certain opportunity of ETH/BTC exchange rate reversal.
Daily sharing by Tang Seng, if you currently feel helpless and confused in trading, and want to learn more about cryptocurrency and cutting-edge information, click on my profile and follow me, so you won’t get lost in this bull market! #BTC再创新高 $BTC
