Bitcoin Breaks $110,000! Is the Crazy Surge Just Beginning?

Bitcoin has gone crazy! On May 22, it soared directly to $110,000, setting a new historical high and entering the top five of global assets by market capitalization. This is not just a rise in numbers; it means that Bitcoin is officially recognized by the financial world and is no longer considered a 'marginal asset.'

Looking at past trends, every time Bitcoin breaks its previous high, it is followed by an even crazier surge. It took two years to go from $30,000 to $60,000, but only half a year to jump from $60,000 to $110,000! At this rate, the upcoming increase may be even more fierce and faster.

From a technical analysis perspective, $105,000 is now a key support level. If it can hold, it is entirely possible to challenge $115,000 or even $120,000 in the short term. More importantly, on-chain data reveals an important signal: a large amount of Bitcoin is flowing from exchanges to long-term holders' wallets. This indicates that big money is not fleeing but is continuing to stock up!

Market sentiment has been completely ignited—MicroStrategy's Saylor continues to issue buy signals, Bitcoin ETFs are crazily attracting funds, and institutional money is accelerating its entry. These factors combined are like putting an 'accelerator' on the bull market.

The real surge may just be beginning. If you are still on the sidelines, the next wave of market activity might make you watch Bitcoin double again!

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