Bitcoin has surpassed the record threshold of 113,000 dollars, consolidating its position as a financial asset among the protagonists of the global market. In the current landscape, few investment instruments show the same driving force as Bitcoin, whose constantly growing demand clashes with an increasingly limited supply.
New all-time high for Bitcoin and supply dynamics
At 12:30 PM (ET) today, BTC reached the historic price of 113,804 dollars, setting a new peak in its impressive growth trajectory. Just two months after the previous record, Bitcoin continues to surprise for its resilience and attractiveness in the eyes of institutional and private investors.
The limited availability on the market plays a crucial role. At this moment, according to recent data, very few Bitcoin are actually purchasable by common investors. The reduced liquidity creates a solid base that supports the price, making any sudden drop more difficult.
Bitcoin on exchanges: a constant decline in reserves
A key element is the constant decrease of Bitcoin deposited on exchanges since the month of April. This trend suggests that most holders prefer to maintain their positions long-term, refraining from selling during bull phases.
When users move their BTC off the exchange platforms, the liquid market contracts further. Consequently, the bear pressure eases, and the price shows a more stable upward trend.
The role of companies, ETFs, and large holders in the Bitcoin market
As accessible availability tightens, aziende e fondi strengthen their presence as main accumulators. Currently, over 800,000 Bitcoin are held in the reserves of public companies, highlighting the growing confidence of the corporate sector in the asset.
The fondi spot ETF statunitensi represent another key player: they now hold more than one million Bitcoin in their reserves.
Overall, these two types of financial institutions hold about 10% of the entire supply of Bitcoin (equal to 21 million units).
This massive hoarding by institutional players further removes liquidity from the open market, fueling the scarcity dynamic that supports rising prices.
Effects of Scarcity: a Price Support Mechanism
The 10% of the world’s Bitcoin reserves held by large holders further reduces the amount available for direct purchase. This phenomenon exerts bull pressure and acts as a protective element against potential sudden crashes. Essentially, the fewer investors are willing to sell, the more the price is supported by limited volumes and the competition of buyers eager to enter the market.
Macroeconomic conditions and policy: the drivers of positive sentiment
The current bull run of Bitcoin is supported by multiple factors, which together create an optimistic sentiment among investors. The macroeconomic conditions are proving to be more solid than expected: the prospect of interest rate cuts is intensifying, and increased liquidity in the markets generally favors non-traditional assets like Bitcoin.
The expansion of the monetary mass and the FED’s predisposition to more accommodating policies strengthen the appetite for instruments considered alternatives to inflation, making Bitcoin particularly attractive as a store of value.
Influence of American Legislation on Bitcoin
In addition to economic factors, Bitcoin benefits from the political momentum in the United States. In particular, the Crypto Week in the House is approaching, an event where a vote is expected on reforms requested for over a decade by the digital asset industry. Favorable regulation could serve as an important catalyst for the value of Bitcoin in the coming months.
A potential law on the matter, if submitted for presidential approval and welcomed by the market, would give further impetus to the purchase of Bitcoin by investors eager to benefit both from immediate capital gains and from a long-term stabilization of the regulatory environment.
Long-term holding: the key to a resilient price
The true driving factor of the recent surge will remain, however, the long-term holding of Bitcoin. As the share of investors who choose to sell rarely increases, the selling pressure is minimized. This contributes to a market environment where the price is unlikely to experience sharp declines quickly.
A market dominated by holder results in two main effects:
Greater difficulty in driving the price down, even in the case of profit-taking by some actors.
Superior stability during phases of global volatility, precisely due to the scarcity of units available for immediate sale.
Prospects for Bitcoin: between investor confidence and caution
The new all-time high reached by Bitcoin represents the synthesis of multiple drivers: the trust of companies and institutional investors, the reduction of circulation on exchanges, favorable macroeconomic prospects, and the anticipation of innovative American legislation.
Although no market is immune to risks and sudden reversals, the combination of low supply, growing demand, and political-institutional attention outlines a promising future for Bitcoin in the coming months.
For those who observe the sector with interest, monitoring the trend of reserves on exchanges, adoption by companies, and political developments can offer valuable strategic insights. In a context where more and more holders are oriented towards the long term, Bitcoin establishes itself as one of the most discussed and analyzed financial assets of the contemporary era.
