While Bitcoin (BTC) is exchanged around $ 94,700 after having come close to 97,900 dollars on May 2, the fundamentals remain extremely bruise. Loin d'un retournement de tendance, ce repli semble plutôt annoncer une explosion prochaine vers le seuil symbolique des 100 000 dollars. Here is why.
In short
Bitcoin targets $ 100,000: the drop to 94,000 dollars is just a strategic break
With almost 65 % of domination in the cryptocurrency market, Bitcoin has never been so strong since January 2021. This supremacy has been exercised despite a multiplication of tokens launches – like sui, tone, pi or tao – and strengthens its status of refuge value in the crypto universe.
In cash exceeded $ 4.5 billion between April 22 and May 2. This massive institutional adoption testifies to growing confidence in the BTC in the medium and long term. At the same time, the volumes on the term contracts explode, proof of a market ready to bet on an imminent increase.
3. An ever stronger institutional lever
The open interest in Bitcoin term contracts reached 669,090 BTC, up 21 % since March 5. Even after passing the BTC under the $ 75,000 in early April, the demand for leverage has remained stable. On the CME, interest now exceeds $ 13.5 billion, a clear signal of institutional engagement.
Experts do not say the opposite. For Ryan Lee, chief analyst at Bitget Research, Bitcoin benefits from a revival of on-chain activity and growing demand. This dynamic fuels the prospect of
[…] indiquant une augmentation de la demande et un regain d'activité du réseau. This increase strengthens the arguments in favor of a potential rupture towards 100,000 dollars […] A sustained influx of ETF, low exchange flows and stable financing rates will be essential to validate the upward trend.
All the lights are therefore green for Bitcoin: record dominance, massive influx in ETF and strong institutional demand. These signals converge on a solid bullish momentum. If the trend is confirmed, the psychological threshold of $ 100,000 could soon be taken, marking a new key step for the BTC.
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