MARKET TRENDS & PREDICTIONS

Institutional Interest: Bitcoin's recent surge has been fueled by significant institutional investments. Tracy Jin, COO of MEXC, predicts BTC could reach $140,000 by summer, driven by corporate adoption and ETF inflows.

Profit-Taking Activity: Despite the bullish trend, short-term holders have realized approximately $11 billion in profits, leading to a temporary market pullback.

Technical Analysis: Bitcoin is testing a critical trendline support near $108,000. A breach could signal a reversal, while holding above may indicate continued upward momentum.