FameEX Hot Topics | 4 Key Reasons Bitcoin is Poised for the $100K Milestone

Bitcoin’s path toward reaching the $100,000 mark is gaining momentum, bolstered by strong ETF inflows, continued accumulation by MicroStrategy, positive macroeconomic trends, and increased confidence among miners. Recent price movements indicate that Bitcoin could reach this new high by the end of the year, with a strong market outlook driving its potential for further gains.

On November 26, Bitcoin briefly dipped below $91,000 but quickly reclaimed the $95,000 level, marking a 5% rally over two days. This price surge signaled a decoupling from traditional markets, particularly US government bonds. Bitcoin had been closely tracking the US 2-Year Treasury note yields, but this recent shift suggests that Bitcoin’s price movements are becoming more independent of traditional assets. As major global economies face growth challenges, Bitcoin’s appeal as a scarce asset continues to grow, particularly due to its censorship-resistant nature and its alignment with hard monetary policies.

Investor sentiment has been positively impacted by recent inflows into US spot Bitcoin ETFs, reversing a brief negative trend. On November 27, Bitcoin ETFs saw a net inflow of $103 million, with the majority of the capital directed into Fidelity’s FBTC and Bitwise’s BITB. This inflow marked a stark contrast to the $548 million in outflows seen earlier on November 25-26. While BlackRock’s IBIT fund remained flat, the overall inflow into Bitcoin ETFs signals an improving market sentiment, with institutional interest playing a key role in supporting Bitcoin’s price action.

Alongside ETF inflows, Bitcoin miners are also displaying growing confidence in the market. After a 10-day period of outflows, miner-controlled addresses saw an uptick in deposits, signaling renewed optimism. Historically, miners’ accumulation of Bitcoin indicates a positive market outlook, while large-scale profit-taking can create fear, uncertainty, and doubt (FUD). Glassnode data shows that the 30-day average miners’ revenue stands at 476 BTC, with approximately 30% of it expected to be used for operational expenses.

Finally, MicroStrategy’s strategy of continuous Bitcoin accumulation further strengthens Bitcoin’s bullish outlook. With 331,200 BTC in its treasury, MicroStrategy is on track to control 4% of the total Bitcoin supply by 2033. Given strong on-chain data, institutional interest, and favorable macroeconomic conditions, Bitcoin’s potential to reach $100,000 remains highly likely despite the broader uncertainties in the global economy.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.