#OnChainLendingSurge

Bitcoin Hits 100,000 USDT, Gains Momentum

Bitcoin has solidified its position above 100,000 USDT, marking a significant milestone for the leading cryptocurrency. This rally follows increased institutional demand, reduced supply on exchanges, and renewed interest from corporate buyers.

On-chain data indicates reduced BTC reserves on exchanges, signaling that holders are moving their assets to private wallets. This suggests that selling pressure may be easing, paving the way for more upward momentum. Analysts predict that as long as BTC holds above the 100,000 USDT level, its next targets could include retesting its all-time high near 108,000 USDT. However, if BTC falls below this key support, a pullback towards 91,000 USDT could occur.



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BTC’s rally has also been fueled by macroeconomic developments, including corporate treasury buyouts and growing interest in Bitcoin as an inflation hedge. With the recent boost in hash rate and reduced miner activity on exchanges, supply constraints could further support BTC’s upward trajectory.