Bitcoin Defies Gravity as Institutional Floodgates Open

BTC rockets past $100K as Wall Street’s ’digital gold’ narrative finally sticks—just as retail traders exhaust their margin.

Bullish catalysts pile up: Spot ETF volumes hit record highs, miner reserves shrink to 2010 levels, and even Janet Yellen’s Treasury quietly hoards UTXOs.

The kicker? This rally runs on real adoption, not Elon tweets. Exchanges report 300% YoY growth in OTC desks servicing family offices—while Coinbase’s retail app downloads flatline.

Cynics whisper about the 18-month cycle theory. Bulls counter with on-chain data showing whales accumulating at every dip. Meanwhile, your financial advisor still thinks blockchain is a type of ski binding.

Technical Indicators Support Bitcoin’s Rise

Bitcoin$104,373 is trading above the 50 and 200-day moving averages, maintaining buying pressure. According to Vincent Liu, CIO of Kronos Research, institutional adoption is increasing, and forecasting a new ATH by 2025 is quite reasonable. These robust signals are drawing more attention from long-term investors towards Bitcoin.

However, RSI data shows that the largest cryptocurrency is in the “overbought” zone. BTC Markets analyst Rachael Lucas remarks, “Overbought does not always mean an immediate pullback, but it strengthens the possibility of sideways movement or cooling in the short term.” She suggests that consolidation above the $100,000 level could lead to a volume-driven bottom formation, setting the stage for new peaks.

Macro Moves Trigger Price Surge

Positive news from U.S.-China trade negotiations has bolstered investor confidence again. The “significant consensus” reached in Switzerland signals a reduction in customs tariffs, fueling global risk appetite. Both the U.S. and China recently reduced tariffs on each other, with the U.S. lowering tariffs on China from 145% to 30%, and China reducing tariffs from 125% to 10%. Analysts emphasize that such macro-level steps relieve pressure on the cryptocurrency market.

Additionally, ongoing net inflows into spot Bitcoin ETFs and accumulation by large companies are supporting the rally. Liu from Kronos Research warns, “Risk management gains importance ahead of the U.S. CPI data release on May 13.” Investors should proceed cautiously, diversifying portfolios to guard against volatility.

Being approximately 4% away from the ATH peak of $108,786 recorded in January, bitcoin brings a new record attempt to the agenda. Investors are closely monitoring how technical elements and macro conditions will shape up for such a move.