【VKGAME Virtual Currency】Bitcoin stabilizes at $97,000, breaking $100,000 is not a dream, is a super bull market coming?

On May 2, 2025, Bitcoin strongly broke through the $97,000 mark, reaching a new price high since the halving cycle started in 2024. This breakthrough occurred against the backdrop of multiple pressure tests: the German government completed the clearance of 50,000 BTC in the fourth quarter of 2024, and Mt. Gox creditors initiated the final round of distribution of 100,000 BTC in March 2025. After absorbing over 150,000 BTC (approximately 0.75% of circulation) of selling pressure within six months, the market still achieved a 28% increase, validating Bitcoin's resilience as a non-sovereign asset. ARK Invest reaffirmed its target price of $1.5 million for 2030 in the 'Big Ideas 2025' report, with the core logic being that Bitcoin's market cap share of global store-of-value assets needs to increase from the current 0.9% to 8.6%. This process is being accelerated by three major engines: institutionalization, penetration of payment scenarios, and financialization of computing power.

Digital currency can directly participate in esports event interactions, virtual item exchanges, and other scenarios, creating a 'consumption-payment' closed loop that accelerates the formation of Bitcoin's practical value network.

Breaking through $97,000 has significant technical implications: weekly confirmation of an effective breakthrough of the long-term downward trend line from 2021 to 2024, and the monthly RSI (67) has not yet entered the overbought zone, leaving room for upward movement. On-chain data reveals deep support: UTXO cost distribution shows that the $94,500-$96,000 range holds $38 billion worth of chips, forming a strategic defense line with the miners' average cost line ($38,000). Market structure shows healthy characteristics: the BTC stock on exchanges has fallen to 1.96 million (a six-year low), and the proportion of chips that have not moved for more than three years has exceeded 45%, continuously reinforcing the tightening effect on circulation. Notably, platforms like VKGAME are distributing 1.8 billion USDT user incentives in 2025, locking in liquidity through consumption scenarios, which objectively reduces selling pressure in the secondary market and forms an ecological-level buffering mechanism.