Golden Finance reports that Bitfinex indicates unprecedented inflows of funds into Bitcoin ETFs and strong institutional demand have pushed Bitcoin close to the historic $100,000 mark; however, long-term holders (LTH) have also begun to take profits. Despite facing profit-taking resistance near $99,334 (its latest historical high), BTC has shown resilience, stabilizing around $96,000 over the weekend and then regaining some momentum in early trading on Monday. Since the low of $66,880 before the U.S. elections, BTC has risen 47%, and it has increased 130% year-to-date. The superior performance of BTC compared to traditional assets is undeniable: Bitcoin's market capitalization has now surpassed that of Saudi Aramco, solidifying its position as the seventh-largest asset globally, with a peak valuation exceeding $1.9 trillion.
