Bitcoin Surges Past Key Resistance as Institutional Demand Heats Up
Bitcoin Reclaims Bullish Momentum
Bitcoin has surged past the critical $100,000 resistance level, igniting renewed optimism across the crypto market. The move comes amid a wave of institutional buying, with major asset managers increasing their BTC allocations significantly over the past week.
Institutional Players Are Loading Up
According to on-chain analytics, wallet addresses associated with institutional custodians have accumulated over 15,000 BTC in the last 14 days alone. This marks one of the most aggressive buying periods since the 2024 ETF approvals.
“We’re seeing a fundamental shift in how institutions view Bitcoin,” said Marcus Chen, Chief Investment Officer at Digital Capital Management. “It’s no longer just a speculative asset — it’s a macro hedge.”
Fear & Greed Index Tilts Toward Greed
The Crypto Fear & Greed Index has climbed to 72, firmly in “Greed” territory. While this signals bullish sentiment, experienced traders warn that extreme greed often precedes short-term corrections.
However, the current rally appears to be backed by strong fundamentals rather than pure speculation:
- ETF inflows remain consistently positive
- Mining hash rate hit an all-time high
- Macro environment favors risk-on assets with anticipated rate cuts
What’s Next for BTC?
Analysts at Bernstein have set a year-end target of $150,000, citing the convergence of halving effects and institutional demand. Meanwhile, on-chain metrics suggest that long-term holders are not selling, creating a supply squeeze scenario.
The next major resistance sits at $108,000. A decisive break above this level could open the door to price discovery territory.
