Institution bets $1 billion on BTC to break $100,000!

Brothers, Bitcoin's surge this time is too fierce! After two months, it has re-stood above the $90,000 mark, directly soaring to $93,883 during Wednesday's Asian session, with a nearly 7% increase in just two days.

The most impressive part is that it has finally broken free from the U.S. stock market and is flying solo—although the Nasdaq 100 index rebounded after a sharp drop on Monday, it is still far from its February peak, while Bitcoin has stubbornly broken through against the trend, now resembling a safe-haven asset like gold, completely different from its previous self that lived and died with tech stocks.

This market reversal has a few key turning points: after being crushed to $74,428 due to Trump's tariff policy at the beginning of April, it rebounded over 20% in just two weeks, clearly indicating that large funds are bottom-fishing.

Now the market logic has completely changed—after the U.S. dollar index fell to a three-year low on Monday and rebounded, funds do not believe the dollar can withstand it, quickly turning to bet on Bitcoin as a hedging tool.

Especially since Trump has recently been vocally criticizing Powell for being too slow in lowering interest rates, directly tearing away the façade of 'the U.S. economy is invincible', under panic, Bitcoin has instead become a safe haven.

There’s also a hidden ace: the market is wildly speculating that the U.S. government will establish a 'strategic Bitcoin reserve'; although details have not been announced, this expectation has already prompted institutions to jump the gun. Just look at the futures market—CME's Bitcoin basis (the difference between futures and spot prices) has surged to a three-month high, and open interest is also rising, indicating that large funds are frantically positioning for a bullish trend.

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The current uptrend has sustainability; wait for a price correction to continue to lay in ambush.

Continuously position in strong altcoins, follow the message 111 for guidance from Wu Chang!