Bitcoin breaks records, but the actual dynamic could still be imminent
At Bitcoin Pizza Day, Bitcoin reached a new all -time maximum of $ 111,861, but behind the headlines the data indicate that this upswing is still gaining – and does not cool down.
The trading volume has doubled in the past few days, but the market indicators remain stable. The financing rates, which normally rise sharply when overheating, are relatively low. This indicates increasing trust without excessive debt.
The short -term flow of capital – a measure of speculative trading transactions – is steamed despite the increase in price, which indicates that the current dynamics are not driven by rapid profit.
Meanwhile, large investors are patient because the profit treatment is significantly lower than with earlier rally.
The interest of institutional investors also increases. Spot-Bitcoin ETFs have reached record stocks, which underlines a change in the assessment of great investors, and now consider the BTC more as a long-term system than as a speculation object. This constant demand on the part of institutional investors supports the price structurally and reduces the likelihood of abrupt corrections.
In view of stable technical indicators, quiet investor behavior and fresh capital inflows, Bitcoin could still be in the early stages of a larger outbreak. The combination of disciplined positioning and increasing demand could continue to drive in the coming weeks towards a new price discovery.
