🚀 Bitcoin Shatters Records: Soars Past $112,000 ATH – Where Does It Go From Here?

Bitcoin just rewrote the rulebook—again. The OG crypto punched through $112,000 like it was tissue paper, leaving traditional finance clutching its pearls and muttering about 'irrational exuberance.'

Here's what the charts won't tell you:

• The institutional FOMO is real. BlackRock's BTC ETF now holds more coins than MicroStrategy (yes, we checked twice).

• Retail traders are flooding back in—Coinbase app downloads up 300% since June. Remember when your Uber driver gave you ETH tips? Buckle up.

• The 'halving effect' is hitting harder than a double espresso. Miners are hoarding, exchanges are running dry, and your boomer uncle just asked how to 'get in before $150K.'

Meanwhile in TradFi land: Goldman Sachs analysts still insist it's a 'speculative bubble' while quietly allocating 5% of client portfolios to crypto derivatives. Classic.

Next stops? $120K looks inevitable, but the real question is whether this rally has the legs to survive the next Fed meeting. One thing's certain—the dinosaurs managing your 401(k) won't see this coming.

On-chain data shows both short- and long-term holders continue accumulating BTC. However, some analysts flagged weak spot demand as a potential concern. Despite the price breakout, there is limited evidence of sustained buying pressure on centralized exchanges.

Still, the move above $112,000 pushes bitcoin into price discovery territory. The breakout clears a key resistance level held since its last all-time high in May 2025.

8,000 BTC Moved from 6-Year Dormant Wallets

“About an hour ago, two wallets that had held Bitcoin for over six years each moved 4,000 BTC, totaling approximately 8,000 BTC.” – By @mignoletkr pic.twitter.com/jyjeuJ9H3E

Ethereum also posted modest gains, trading NEAR $2,800. Altcoins were mixed, with most showing low volatility.

Looking ahead, the crypto market will closely watch, followed by the Fed’s. Both will be key in confirming whether the Fed will begin cutting rates this summer.

For now, Bitcoin’s new high reflects growing confidence that US monetary policy is shifting toward easing.