If you have been hesitating about whether Bitcoin is worth holding long-term over the past few years, then today’s significant bullish candle may have already provided the answer.
This morning Beijing time, Bitcoin strongly broke through $94,000, with a 24-hour increase of over 6.4% and a trading volume of up to $156.5 billion. This is not just a short-lived technical rebound but more like the start of a new cycle under the resonance of multiple factors: policy shift, institutional entry, technical breakthroughs, hedging demand, and an increasingly mature crypto ecosystem.
1. Trump's 'softening' towards the Federal Reserve, Bitcoin responds strongly.
In the past few weeks, the market was once tense, with Trump making strong statements against Powell on multiple occasions and even rumors of wanting to dismiss him. However, just yesterday, Trump unusually 'softened' his tone, publicly stating he 'has no intention of firing Powell' and hinted at 'significantly reducing' high tariffs on Chinese goods. This series of policy softening signals quickly translated into a collective cheer from global markets—U.S. stocks rose, Bitcoin soared, and even the once surging gold prices began to retreat.
This is the instinctive reaction of the capital market: political intervention has decreased, the independence of the Federal Reserve has been temporarily confirmed, risk assets are beginning to breathe, and Bitcoin, as a representative hedge against the risks of the dollar system, naturally stands in the spotlight.
It is worth noting that Standard Chartered Bank pointed out in an internal report back in April that if the independence of the Federal Reserve is continuously challenged, Bitcoin will become the most direct tool for value hedging, with prices expected to reach $200,000 by the end of 2025. The market is beginning to accelerate towards this expectation.
2. Bitcoin's 'digital gold' attribute is gaining global consensus.
Current inflation remains high, and global central bank monetary policies are highly uncertain. Against the backdrop of gold frequently hitting historical highs, many institutions are beginning to map the 'gold logic' onto Bitcoin—a decentralized asset with a constant total supply, censorship resistance, and no sovereign dependency.
Top global institutions such as Bernstein, BlackRock, and Fidelity have stated that 'Bitcoin will become one of the core weights in global asset allocation,' especially against the backdrop of increasing uncertainty in the dollar system. Compared to gold, Bitcoin's price has yet to reflect its long-term value.
Macro traders are beginning to place Bitcoin in a core position within multi-asset portfolios, with more institutions managing exposure through Bitcoin ETFs, futures, and structured products. Bitcoin is completing a financial narrative leap from a marginal allocation tool for digital assets to a systemic hedge target in the global financial system.
3. The technical aspect and holding structure are comprehensively strengthening, and the momentum of the bull market is continuously increasing.
From a technical perspective, this round of Bitcoin's rise is not only a breakthrough of psychological barriers but also a continuous stepping on important support and resistance levels. After surpassing $90,000, the bullish momentum is beginning to have a structural basis for continuation.
Coingecko data shows that the BTC dominance index has risen to 48%, with a 24-hour increase in holdings of over 13%, indicating a massive influx of bullish funds. Notably, the proportion of institutional funds among the new influx has significantly increased, contrasting sharply with the retail-led bull market of 2021.
Importantly, the current phase of the rise is achieved against a backdrop of minimal leverage participation and relatively mild volatility, reflecting that the market structure is evolving towards a more robust direction. The era of wild price swings may not be completely over, but a slow bull cycle driven by compliant funds, ETFs, and institutional participation is steadily being established.
4. The infrastructure of the Bitcoin market is maturing, and the pace of mainstream adoption is accelerating.
Today's Bitcoin market is fundamentally different from the frenzied speculative rise of 2017. The compliance of exchanges, the popularity of institutional custody, and increased on-chain transparency allow funds to allocate digital assets safely, no longer fearing the 'black box risk' as they did in the past.
Established exchanges like HTX have formed a stable and secure trading closed loop, becoming an important channel for institutional and individual investors. With regulatory bodies like the SEC gradually approving ETFs, the compliance system for digital assets is also being progressively implemented, and market confidence is continuously recovering.
From the analysis of on-chain addresses and price prediction models on the Mlion.ai platform, the concentration of BTC holdings among large holders is still rising, while the trading frequency between whale addresses is declining, indicating that main funds are gradually locking positions, and the chip structure is becoming more stable. This means that if there are no systemic risks, the probability of Bitcoin maintaining an upward trend in the next few quarters is very high.
Mlion.ai's sentiment analysis engine also points out that positive mentions of Bitcoin on social media have rebounded to a new high since the end of 2023, creating a resonance between investor sentiment and the capital market, building momentum for further market explosions.
Conclusion: A new bull market is reconstructing Bitcoin's value narrative.
In the past, people invested in Bitcoin to bet on the future; now, more people do so to hedge against reality.
Bitcoin is not a bubble; it is a hedge against the bubble world. As the global financial system faces a trust crisis and sovereign monetary policies frequently change course, Bitcoin's certainty, scarcity, and decentralization become especially valuable.
The coming months will be crucial for observing whether Bitcoin can reach the $200,000 milestone. Mlion.ai will continue to track on-chain data, market sentiment, and policy dynamics to provide investors with accurate trend predictions and strategic support. If you haven't yet followed Mlion.ai's data dashboard and AI investment research daily report, it's time to catch up on this lesson.
Disclaimer: The above content is for informational sharing only and does not constitute any investment advice. Investment carries risks, and one should be cautious when entering the market.
