<ul><li>Bitcoin (BTC) surged past $111,000 for the first time, reaching a historic all-time high driven by strong capital inflows from institutional investors.</li><li>Despite concerns of a pullback, on-chain data indicates that the Bitcoin market is in a healthy upward phase with modest long positions and subdued short-term capital inflows.</li><li>The current rally is supported by sustainable factors such as limited profit-taking, record high Bitcoin holdings in US-listed spot ETFs, and restrained selling pressure among large whale accounts.</li><li>Experts note that the latest Bitcoin ATH is characterized by institutional participation rather than speculative hype, with disciplined institutional accumulation driving the current uptrend and a potential rally extension to $115K-$120K.</li></ul>

Bitcoin Rally Is Still Healthy Despite New ATH: On-Chain Data

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