Bitcoin Nears $100K As Institutional Confidence Grows

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Bitcoin continues its march toward the elusive $100,000 milestone, hitting an all-time high of $99,850. As it nears this psychological barrier, limit sell orders are being triggered, and many in the market believe it’s only a matter of time before Bitcoin crosses the six-figure threshold. However, long-term Bitcoin holders appear to be taking a cautious approach. Since October, they have offloaded 128,000 BTC, indicating a wave of profit-taking as Bitcoin edges closer to the $100K mark. Whether this is cautious optimism or nerves taking hold, the market remains uncertain. Meanwhile, a massive transfer of 31,000 BTC (valued at $3.038 billion

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