The Bitcoin market is currently trading between $103,000 and $110,000, with sustained exchange outflows indicating strong long-term investor conviction.
BTC is now viewed as a hedge against fiat volatility, entering corporate treasuries and government portfolios, reflecting a shift from a speculative asset to a more mainstream investment.
The environment is becoming more favorable with stable interest rate expectations and improving economic growth forecasts, leading to a return of risk appetite in the market.
While there is a risk of downside due to factors like rising U.S. Treasury yields and inflation, long-term holders dominating trading activity and new buyers entering the market suggest confidence in Bitcoin's long-term prospects is increasing.