Bitcoin (BTC) is making headlines as its realized capitalization reaches an unprecedented $890 billion, signaling strong investor confidence and a potential rally towards the $100,000 mark.
Realized Capitalization: A Sign of Growing Investor Confidence
The realized cap, which calculates the value of all BTC at the price they last moved, has surged to $890 billion.
This metric indicates that both long-term and short-term holders are increasing their positions, reflecting a robust belief in Bitcoin’s future performance.
Whale BTC Accumulation Suggests Bullish Momentum
Large Bitcoin holders, often referred to as “whales,” have been actively accumulating BTC. Wallets holding between 10 and 10,000 BTC have added approximately 81,338 BTC over the past six weeks.
Notably, addresses with over 1,000 BTC have increased from 1,945 on March 1 to 2,006 by May 7, marking the most significant 30-day growth for this group in 2025.
Bitcoin Market Dynamics and Price Levels
As of now, Bitcoin is trading at $96,294, reflecting a 1.26% increase over the past 24 hours.
The cryptocurrency has seen an intraday high of $97,513 and a low of $94,528.
The $93,000 to $95,000 range has acted as a strong support zone, while resistance is observed between $97,000 and $99,000.
Breaking above this resistance could pave the way for Bitcoin to reach and potentially surpass the $100,000 psychological barrier.
Institutional Interest and Macroeconomic Factors
Institutional investments are playing a pivotal role in Bitcoin’s upward trajectory.
Notably, BlackRock has reportedly acquired $2.5 billion worth of BTC, underscoring the growing institutional appetite for cryptocurrencies.
Additionally, macroeconomic developments, such as the Federal Reserve’s decision to maintain interest rates between 4.25% and 4.5%, are influencing market sentiment.
This steady rate, amidst economic uncertainties, is prompting investors to consider Bitcoin as a hedge against traditional market volatilities.
Expert Predictions and Future Bitcoin Outlook
Market analysts are optimistic about Bitcoin’s near-term prospects.
Michael van de Poppe, founder of MN Capital, suggests that the recent dip below $94,000 and subsequent recovery might indicate a market bottom, with a potential breakout to $100,000 within the next two weeks.
Similarly, crypto trader Honey anticipates a steady rise, predicting a new all-time high of $111,111 by the end of Q2.
BITCOIN GUIDES & RESOURCES:
- Latest Bitcoin Updates and Headlines
- How Does Bitcoin Work?
- How to Buy, Trade, and Hold Bitcoin
- How to Track Bitcoin Volatility and Maximize Your BTC Investment
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