Bitcoin has reached a new psychological mark of $108,000, which raises questions about who exactly is supporting its price at these levels. Despite the possible risks of correction, the cryptocurrency continues to attract large players and retail investors.
Institutional Investors: Large funds such as ARK Invest and Grayscale view bitcoin as a long-term asset and continue to increase their exposure despite high prices. The integration of cryptocurrencies into the financial system strengthens their confidence in further growth.
Whales: Owners of large volumes of bitcoins actively control the market, minimizing sales and creating a shortage of the asset, which supports its price.
Retail investors: #FOMO (fear of missing out on profits) leads to purchases at high levels, especially after positive news and forecasts of possible growth.
Geopolitics and inflation: In the face of global economic problems, #bitcoin is seen as a safe haven for capital.
At current levels, bitcoin continues to attract both large and small investors. Despite possible short-term corrections, the market expects continued growth.
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