Bitcoin experienced a brief pullback at the end of the week, briefly falling below $87,000 after reaching a new high of nearly $94,000 on Wednesday. However, the asset has recovered to climb above $91,000. On-chain factors suggest that this rally could challenge the $100,000 level. 📈

BTC reserves on exchanges have fallen to a six-year low, especially after the recent election. This could ease selling pressure and lead to Bitcoin gaining value. Investors see Bitcoin as a store of value amid uncertainty and high inflation. 💡

Stablecoins are also on the rise. More than $3 billion worth of USDT has flowed into exchanges following Trump’s victory. This could signal further price appreciation in the crypto market.