Over the past few months, Bitcoin's performance can be described as quite 'Zen', as the price has consistently hovered below $65,000. Just when many thought its myth was over, this crypto giant has once again shown its fangs—the legendary $100,000 target seems to be on the horizon!

However, the story is not as simple as you think. On one side, 'institutional big shots' are hoarding coins wildly, while on the other side, market bubbles are beginning to show, and risks are looming. Can you still hop on the Bitcoin train?

Dreams Revived: Why Bitcoin is Exploding?

The optimistic sentiment towards Bitcoin is closely tied to the recent expectations of US policy changes. Some predict that the US may relax regulations on cryptocurrencies, and with the strong entry of institutional investors, the $100,000 target seems closer than ever.

Analysts at Singapore's QCP Capital even stated on Telegram: 'Market conditions are getting better and better; the $100,000 target is no longer a dream.'
Despite some outflows from ETFs last week, Bitcoin showed remarkable resilience, backed by institutional investors' unwavering support. For example, MicroStrategy recently made another significant purchase of Bitcoin, increasing its holdings to 1.5% of the global supply. If even the 'vultures of Wall Street' are betting on it, why wouldn’t you be optimistic?

Is the spring of altcoins coming?

With Bitcoin's rise, the opportunities for altcoins seem to be drawing closer. Data shows that Bitcoin currently holds about 60% of the market dominance, and if this percentage falls below 58%, it usually signifies the start of the 'party season' for altcoins.

QCP Capital predicts that Bitcoin may first reach $100,000, after which market funds will gradually flow into altcoins. By then, don’t be surprised if even the usually 'quiet' small coins start to double in value.

Alarm bells ring: Is a rise to $100,000 really stable?

Don't let the current surge cloud your judgment! Some analysts have pointed out that the current sentiment around Bitcoin is overly optimistic, even bordering on bubble territory. Augustine, the head of the DeFi platform SOFA, bluntly stated: 'The easiest part of Bitcoin's rise is over; what comes next is the toughest phase, and there may even be significant corrections.'

He mentioned a technical term—'blow-off top', meaning that the price rapidly rises to a peak and then quickly plunges. If Bitcoin truly experiences this trend, it may drop back to $69,000 or even touch a low of $60,000.

WeFi co-founder Maxim Sakharov also expressed similar concerns. He believes that if the Federal Reserve continues its 'hawkish' interest rate policy, investors may reassess Bitcoin's attractiveness. In other words, Bitcoin's current surge might just look beautiful.

Short-term Trend or Long-term Opportunity?

For ordinary investors, the current situation of Bitcoin may be both exciting and nerve-wracking. On one hand, the $100,000 target is alluring; on the other hand, short-term market fluctuations may leave many retail investors 'standing guard at high positions.'

If you are a long-term investor, any pullback may be an opportunity to pick up bargains; but if you are a short-term player, be psychologically prepared for every upcoming choice. After all, risk and opportunity always go hand in hand.

Hope for miracles, but don't forget the risks

Bitcoin's sprint to $100,000 could trigger a massive explosion in the entire crypto market. But at the same time, don't overlook those hidden risks. Whether to secure a ticket to wealth freedom or to be cautious and get thrown off the train depends on your own judgment!

In any case, this is bound to be a breath-holding moment. Is the dream of $100,000 really about to become a reality? Let's wait and see!