Bitcoin Surges Past $108K Amid Strong Institutional Demand
Key Takeaways
- Bitcoin (BTC) has reached a new all-time high above $108,000 USD.
- Market data suggests a sustained rally – supported by institutional buying and decreasing supply.
- Two key factors: rising Realized Cap and declining BTC balances on exchanges.
- A rise to $114,000 USD remains possible as long as the current market structure holds.
Realized Cap Rising – MVRV Remains Moderate
The Realized Cap is an indicator that measures the total value of all circulating Bitcoins based on their last transaction price. This value is currently increasing, indicating that many coins are being bought and held at higher prices. At the same time, the MVRV ratio (Market Value to Realized Value) remains below historical highs. In previous cycles, it often exceeded 3.5 – currently, it is significantly lower.
What does this mean? Investors are taking fewer profits despite rising prices. This suggests a more mature market structure and long-term investor orientation.
Whales Accumulating – Inflows Rising, Outflows Declining
In recent days, the wallet activity of large BTC holders has changed significantly. Inflows into so-called holding wallets have increased by over 11,800%, while outflows have dropped by more than 91%. This data indicates a phase of accumulation – large market participants are expanding their positions without selling at the same time.
Such movements reduce short-term selling pressure and show confidence in further price increases.
Declining Exchange Reserves – Supply Tightening
BTC reserves on centralized exchanges have fallen by 2.14% and now sit at approximately $262.3 billion USD. Fewer available coins on trading platforms usually mean reduced selling pressure. Many investors are moving their BTC into private wallets – a sign of long-term holding intentions.
Additionally, the NVT Golden Cross (a ratio between market capitalization and transaction volume) has dropped to 0.43. A low value indicates healthy network usage relative to valuation.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Slot Categories at a Glance
Reading time: ~ 3 minutes
-
The Best Jackpot Slots & Casinos 2025
Reading time: ~ 3 minutes
-
Anime Slots – Anime-Themed Slots
Reading time: ~ 3 minutes
-
Medium Volatility Slots
Reading time: ~ 3 minutes
Short Positions Being Liquidated – Speculation Decreasing
On the Binance trading platform, liquidation data shows that many short positions above $108,000 USD have been closed. These so-called “short squeezes” occur when short sellers are forced to close their positions – which further drives the price upward.
At the same time, open interest (outstanding futures contracts) has decreased by 5.26%. This suggests that speculative activity is declining. Such a reset can provide the foundation for more stable price development.
Technical Support Remains Intact
On the 4-hour chart, Bitcoin is holding an upward trendline. Currently, the price is hovering around the Fibonacci level at $107,700 USD. As long as this line is not broken, the uptrend remains intact.
A breakout above $110,800 USD and especially above the resistance at $114,000 USD could pave the way for a rise to $115,900 USD. However, if the price falls below the trendline, a correction toward $105,000 USD is possible.
Our Assessment
The current market situation shows a solid foundation for further BTC price increases. Institutional investors, declining exchange reserves, and reduced speculation point to a sustainable development. As long as the trendline holds and no major profit-taking occurs, a rise to $114,000 USD appears realistic.
The market structure seems significantly more stable than in previous cycles. Existing investors should monitor support zones. Newcomers should be aware that short-term pullbacks are possible – however, the long-term outlook remains positive.
Sources
- IntoTheBlock
- CryptoQuant
- Coinglass
- TradingView
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | 108708 |
| 24h % | -0.36 % |
| 7d % | 5.57 % |
| 30d % | 17.20 % |
| 60d % | 24.80 % |
| 1y % | 61.20 % |
| Market Cap | $2,160,091,355,135.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
Advertising transparency