# Bitcoin: The king of cryptocurrencies is shining 🚀
## Current Situation
Bitcoin is in a strong explosive phase, recently reaching a new all-time high (ATH). According to data from industry KOLs, there are many interesting signs that this could be a distinct cycle compared to previous price surges.
## Highlights from experts
### Market Sentiment is not too Hot
According to **Ignas | DeFi**:
- There are not many common signs of FOMO (Fear Of Missing Out)
- Mainstream media has not made a big deal about Bitcoin yet
- 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 37% lower than its ATH three years ago
- SOL is down 42% compared to its ATH
### Forecast and Commentary
**Mercury** shares that if this price rally brings BTC to $150k and ETH reaches a new ATH, they may consider retiring.
**HORSE 🏴☠️** assesses that this is still a Bitcoin-led cycle, possibly developing into the phase of "crossing over into TradFi."
**加密狗🔆** analyzes:
- The number of active Bitcoin addresses has surpassed the annual and monthly averages over the past month
- This growth is related to Trump's policies and concerns about interest rate cuts
## Growth Driving Factors
### Macroeconomic Factors
- The possibility of interest rate cuts in the US
- Global political and economic instability
- Institutional capital is gradually flowing into the crypto market
### Development Potential
According to **CZ**, Bitcoin's ATH of $120k is still too low compared to its future potential.
**Res** notes that Bitcoin needs to reach $125k to create a new ATH against 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** remarks that although there are a few concerning candles, Bitcoin has quickly recovered and is showing a clear breakout to a new ATH.
## Market Signals
According to **Delphi BTC Top signal** mentioned by Ignas:
- The current index is 62
- Peak conditions will begin above 75
- This is a composite index from on-chain, technical, sentiment, and macro data
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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 was searched and compiled by AI, it does not constitute investment advice.