$BTC
Bitcoin Approaches $100,000, Fueled by Institutional Interest and New Realized Capitalization Highs
Bitcoin (BTC) continues its climb and is currently trading around $96,917, approaching the psychological threshold of $100,000. This rally is attributed to growing institutional interest and technical indicators that suggest a sustained uptrend.
Recently, Bitcoin's realized capitalization reached a new all-time high of $882.228 billion, indicating that investors are holding their positions at higher prices, reflecting strong confidence in the asset.
Additionally, Strategy (formerly MicroStrategy) announced a new $21 billion share issue aimed at acquiring more Bitcoin, cementing its position as the largest corporate holder of the cryptocurrency. It currently holds 553,555 BTC, representing approximately 2.64% of the total supply. Technical analysts point out that, after breaking the resistance at $96,000, Bitcoin's next target is to surpass $100,000. However, they warn that trading volume must increase to sustain this momentum and avoid a potential correction.
In short, the market shows positive sentiment toward Bitcoin, supported by strategic moves by large investors and metrics that reflect steady accumulation. Nevertheless, investors are advised to remain attentive to market fluctuations and key technical indicators.
