# Bitcoin: The cryptocurrency king is shining 🚀
## Current Situation
Bitcoin is in a phase of strong explosion, having just reached a new all-time high (ATH). According to data from industry KOLs, there are many interesting signs indicating that this could be a different cycle compared to previous bull runs.
## Highlights from Experts
### Market Sentiment Not Yet Overheated
According to **Ignas | DeFi**:
- There are not many common signs of FOMO (Fear Of Missing Out)
- The mainstream media has not yet reported widely on Bitcoin
- The Coinbase app has not made it to the top of the App Store
- Not many messages from friends outside the crypto industry
### Comparison with Other Coins
- ETH is still down 37% from its ATH three years ago
- SOL is down 42% from its ATH
### Forecast and Insights
**Mercury** shares that if this price surge brings BTC to $150k and ETH reaches a new ATH, they may consider retiring.
**HORSE 🏴☠️** states that this is still a cycle led by Bitcoin, which may be developing into the phase of "crossing into TradFi".
**加密狗🔆** analyzes:
- The number of active Bitcoin addresses has exceeded the yearly and monthly averages in the past month
- This growth is related to Trump's policies and concerns about interest rate cuts
## Factors Driving Growth
### Macroeconomic Factors
- The potential for interest rate cuts in the US
- Global political and economic instability
- Institutional capital is gradually flowing into the crypto market
### Growth Potential
According to **CZ**, the ATH of $120k for Bitcoin is still too low compared to its future potential.
**Res** notes that Bitcoin needs to reach $125k to create a new ATH compared to the Euro.
## Bitcoin Ecosystem
According to the analysis of **加密狗🔆**, the Bitcoin ecosystem is developing in two main directions:
1. **RWA (Real World Assets)** - Real assets being brought onto the blockchain
2. **Layer-2 for Bitcoin** - Scaling solutions like Bitcoin Hyper aim to address:
- Slow transaction speed (only 7 transactions/second)
- High transaction fees
- Lack of smart contract support and Web3 applications
## Technical Assessment
**DonAlt** comments that despite a few concerning candles, Bitcoin has quickly recovered and is experiencing a clear breakout to a new ATH.
## Market Signals
According to **Delphi BTC Top signal** mentioned by Ignas:
- The current index is 62
- The peak condition will start above 75
- This is a composite index from on-chain data, technicals, sentiment, and macroeconomic factors
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Bitcoin is in a strong growth cycle but has not yet reached an overheated state. With the increasing participation of institutions and the development of the ecosystem, Bitcoin's growth potential remains very high in the near future.
The information above has been searched and compiled by AI, and does not constitute investment advice.