Bitcoin shortly before $ 100,000 – these are the growth drivers

Bitcoin is about to reach its psychological threshold of $ 100,000 again, and analysts from Cryptoquant explain some of the reasons for this increase.

Bitcoin reaches new highs-not only at the price, but also with the on-chain evaluation indicators. According to Cryptoquant, the realized market capitalization of the network, which pursues the value of BTC based on its last on-chain movements, reached a new high of $ 891 billion on May 7. This key figure reflects the increasing conviction of investors and constant capital inflows.

Carmelo Alemán von Cryptoquant finds that both long -term and short -term investors accumulate, which indicates trust in Bitcoin's long -term potential. The current dynamic could lay the foundation for a wider bull cycle.

The youngest Message From Glassnode, this optimism is joined and realizes that the daily profit from now exceed $ 1 billion. Despite the fears of a decline, the report indicates that the increasing demand catches sales pressure and that the market balance keeps near the $ 100,000 mark.

Since the end of 2023, the market has been in a profit -oriented phase in which the capital inflows continuously exceed – a trend that analysts see the healthy sign of growing demand.