Bitcoin突破10万美元 机构增持与政策Favourable Information成关键推手

The price of Bitcoin has broken through the $100,000 mark, a significant breakthrough resulting from a combination of various factors, including the global economic situation, Financial Institution layouts, market Liquidity, macro policy trends, and investor sentiment.

As early as late April, Bitcoin showed a trend of decoupling from U.S. stocks, rising against the trend of the U.S. stock market, laying the foundation for its return to the $100,000 mark.

The direct driving force behind this surge comes from institutions continuously increasing their holdings. By the end of last year, the assets of a certain Bitcoin ETF had reached 34.3 billion dollars, surpassing a well-known gold trust fund's 33 billion dollars. This phenomenon indicates that traditional financial institutions' long-term confidence in Bitcoin is strengthening, creating conditions for the revaluation of Bitcoin's value. At the same time, the actions of multiple companies continuously increasing their Bitcoin holdings further consolidate the buying power in the market, attracting more new funds to enter and providing strong support for the rise in Bitcoin prices.

The liquidity in the cryptocurrency market is also quietly changing. Data shows that in April this year, the issuance of a certain stablecoin reached as high as 5 billion USD, injecting ample funds into the crypto market. Unlike before, this time the rise in Bitcoin did not lead to a drop in the prices of other cryptocurrencies; instead, there was an overall upward trend. It is expected that as related legislation progresses, the supply of stablecoins will continue to increase in the future.

The increase in institutional holdings and the improvement in market liquidity have created conditions for Bitcoin to break through 100,000 USD, while the improvement in the policy environment has become the final catalyst.

On May 6, a certain state's governor officially signed a bill allowing the establishment of a "strategic Bitcoin reserve" in the state, authorizing the state treasury department to invest no more than 5% of public funds in precious metals and digital assets with a market capitalization of over $500 billion. Another state's legislative body also passed a similar bill allowing 10% of public funds to be invested in digital assets such as Bitcoin. Although these measures have not yet been implemented, they have greatly boosted market confidence.

In addition, on May 8, Trump announced that the United States and the United Kingdom had reached a new trade agreement, partially lifting tariffs in specific areas. Previously, the global market was under pressure mainly due to the fear sentiment triggered by the trade war; this news led the market to believe that the impact of the trade war would gradually weaken, which in turn triggered a strong rise in Bitcoin prices.

Looking ahead, expectations for the Federal Reserve to cut interest rates in the second half of the year are gradually increasing. Although there is still significant uncertainty regarding rate cuts in June and July, the market widely anticipates that the Federal Reserve may cut rates twice this year. As time goes on, this expectation may further strengthen, continuing to drive market trends.