Key Points
- Bitcoin’s bull run is driven by Spot Bitcoin ETFs and rising US investor confidence.
- MicroStrategy’s Bitcoin purchases and Trump’s crypto stance have also fueled the rally.
Bitcoin’s Bull Run and the Role of US Investors
Bitcoin [BTC] has once again reached the $100k mark, sparking renewed interest. The bull run this time is largely driven by US investors.
The approval of Spot Bitcoin ETFs has legitimized Bitcoin for institutional players and increased bullish sentiment among retail investors. The Coinbase Premium Index and large Bitcoin outflows from exchanges indicate a growing US market dominance.
MicroStrategy’s Influence and Trump’s Crypto Stance
MicroStrategy has been consistently purchasing Bitcoin, contributing significantly to its recent surge above the $100k mark. The company now holds 447,470 Bitcoin, valued at $27.97 billion.
With Donald Trump set to be inaugurated as U.S. President, there is optimism about a favorable crypto environment. Trump has even suggested a Bitcoin fund for the U.S., which has further fueled enthusiasm.
The Coinbase Premium Index, which recently turned positive, shows the important role of U.S. investors in driving Bitcoin’s upward momentum. This shift follows the launch of spot Bitcoin ETFs, which has increased institutional and retail enthusiasm.
A large outflow of 4,012 Bitcoin from Coinbase indicates robust accumulation activity. Such outflows are typically associated with large institutional players or high-net-worth investors securing their assets in cold storage. This aligns with the Bitcoin bull run $100k, as strategic moves by whales reinforce the narrative of sustained bullish momentum.
As Bitcoin consolidates above $100k, its next move depends on breaking critical resistance near $105k. A decisive breakout above $105k could target $120k, supported by psychological buying triggers. However, failure to sustain current levels may result in a retest of $95k, a key support zone.
Investors should watch whale activity and macroeconomic cues closely for directional clarity.
