Bitcoin Nears $100,000 Mark as Investor Confidence Surges 10%

Bitcoin is surging towards the $100,000 mark, with its price reaching $99,818. This rapid ascent is not merely a fleeting trend but part of a broader, sustained shift in the market. According to CryptoQuant’s Carmelo Alemán, there has been a consistent inflow of capital into Bitcoin in recent weeks, indicating a renewed interest from investors who are now fully committed to the cryptocurrency.

Bitcoin’s realized capitalization, which measures the value of Bitcoin based on the last time it was moved, has hit an all-time high of $891 billion as of May 7. This milestone underscores a growing confidence in Bitcoin as more than just a speculative asset. Alemán notes that this new high in realized capitalization reflects both a surge in invested capital and a growing belief in Bitcoin’s long-term potential.

The recent surge in Bitcoin’s price is also fueled by global events. On May 8, a significant trade deal between President Trump and the U.K. reignited global risk appetite. This clarity in the global economic environment has provided the necessary boost for Bitcoin to continue its upward trajectory. As risk assets rise, Bitcoin finds itself in a favorable position, benefiting from the increased risk appetite.

The data suggests that Bitcoin is on the cusp of a new bull cycle. Both long-term holders (LTHs) and short-term holders (STHs) have been accumulating Bitcoin, indicating a wave of demand that is absorbing the incoming supply. If this trend persists, Bitcoin could not only reach the $100,000 mark but potentially surge well beyond it, initiating a new bull run that could push prices far above current levels.