Bitcoin (BTC) has once again surpassed the $99,000 mark, a level it hadn't reached in over two months, sparking optimism among industry analysts who believe a突破 above the $100,000 threshold may be imminent.

Over the past month, BTC's performance has been impressive. Its value has increased by 31.8%, recovering significantly from the lows recorded around Liberation Day in early April. During the early Asian trading session, the leading cryptocurrency reached $99,388, marking its highest price since February 21, 2025. As of the latest reports, Bitcoin's price had slightly adjusted to $98,874. According to BeInCrypto data, there was a minor 0.3% drop in the past hour.

This upward movement has bolstered expectations that a rise to $100,000 is inevitable. Participants on X (formerly known as Twitter) have expressed a positive outlook regarding this development.

Previously, a forecast from Bitfinex suggested that if Bitcoin maintains levels above $95,000, revisiting its all-time highs would become probable. This prediction seems to be coming true as Bitcoin is currently trading above this level.

Several market indicators and developments are reinforcing the optimistic sentiment. An analyst noted that Bitcoin has moved beyond a price range where numerous traders held short positions with high leverage.

In their weekly newsletter, Glassnode mentioned that Bitcoin's realized cap has hit a record high of $889 billion, increasing by 2.1% over the past month. This growth signifies rising investor confidence and capital inflows. The company indicated signs of renewed market strength, with substantial capital returning to Bitcoin, particularly through ETFs. In the last two weeks, more than $4.6 billion has flowed into Bitcoin ETFs.

This influx of funds has largely reversed the previous phase of outflows, further demonstrating robust demand for Bitcoin.

Simultaneously, CryptoQuant reported that over the past three days, the volume of stablecoins transferred to Binance has risen significantly. The peak occurred on May 6, when the inflow reached almost $1 billion, marking the largest single-day deposit since April.

Moreover, Binance's latest reserve disclosure revealed a decrease in the holdings of various major cryptocurrencies, including Bitcoin, Ethereum (ETH), BNB (BNB), and Solana (SOL). Conversely, the 2.6% increase in Tether (USDT) reserves stands out.

The rise in stablecoin holdings points to an increase in liquidity, signaling that traders are preparing for future market activities.

Further fueling the positive sentiment, Tether dominance (USDT.D) has decreased. A decline in USDT.D usually means that investors are shifting funds from stablecoins to other crypto assets, intensifying the current rally.

Progress in legislation is another favorable factor for Bitcoin. Two Bitcoin-reserve bills have been implemented, and several others are advancing through the legislative process. This suggests growing institutional and governmental acceptance of Bitcoin.

As Bitcoin nears the $100,000 mark, investors are carefully observing whether this rally can maintain its momentum or encounter resistance. Given the favorable market conditions, the crypto community remains attentive to what could be a pivotal moment for BTC.

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