Bitcoin has just shattered records, surging past $112,000 in a historic rally fueled by relentless bullish momentum, creating a new all-time high.
(Source: Anthony Pompliano on X)
This new BTC all-time high comes after capping off a months-long climb as institutional demand, ETF inflows, and boosted market confidence.
However, the cryptocurrency could not sustain itself for long and declined quickly after reaching its highest point. At the time of writing, BTC is trading at around $110,957 with an impressive market capitalization of $2.21 trillion, according to CoinGecko.
This rally shows that for now, the bulls are in full control.
Bitcoin is showing signs of bullish momentum despite recent volatility, with deep-pocketed investors aggressively accumulating BTC while smaller traders take profits.
Blockchain data reveals that wallets holding 1-10 BTC are selling, while those with 1,000-10,000 BTC are in “near perfect accumulation” mode.
Glassnode reports revealed BTC’s sustained buying by large holders as retail investors offloaded near the $110,000 resistance. Our crypto analyst has already predicted a bullish pennant pattern on 4-hour charts, which suggested a breakout toward $112,000 all-time highs.
However, analysts feared that global market jitters over new US tariffs could trigger a pullback to $108,000 support if momentum falters.
Bitcoin Hits ATH Driven by Institutions, ETF Inflows
Bitcoin is witnessing its longest and most historic rally, which was triggered right after the approval of the first Bitcoin exchange-traded funds (ETFs) in 2024. It opened a door for institutional investors to take advantage of cryptocurrency without directly holding it.
Furthermore, this rally was amplified after the current US President, Donald Trump, vowed to create a Bitcoin Strategic Reserve during his election campaign, which he actually did by signing an executive order to form a reserve with an estimated 200,000 Bitcoins. It’s already been seized in criminal and civil proceedings.
Major institutions and corporate Bitcoin adoption continue to drive prices higher as major players are acquiring Bitcoins, reducing market supply.
Recently, Fox Business host Charles Payne said that the latest trend of Bitcoin’s institutional adoption, saying, “There’s not a lot of Bitcoin left; it sounds like the Wild West.”
In an interview, Anthony Pompliano mentioned the ongoing trend, saying, “Now there’s a new professional sport Bitcoiners, which is who can acquire most Bitcoins.”
Companies like Strategy, Tesla, and asset managers are adding Bitcoin to their balance sheets, while ETFs see record inflows. The total market capitalization of BTC ETF is around $142 billion, according to CoinGlass.
This growing demand from institutional investors and companies is creating upward pressure, supporting long-term price appreciation amid increasing mainstream acceptance.
Also Read: 99.8% of the Time, Holding Bitcoin Pays Off
