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According to Odaily, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Chris Giancarlo, has expressed his views on the potential for U.S. states to incorporate Bitcoin into their balance sheets. Giancarlo described this move as highly sensible and visionary, indicating his support for the integration of cryptocurrency into state financial strategies.Giancarlo's comments come at a time when digital currencies are increasingly being considered by various governmental bodies as part of their financial frameworks. His endorsement highlights the growing acceptance and potential benefits of Bitcoin as a legitimate asset class. The former CFTC chair's perspective aligns with a broader trend of institutional adoption of cryptocurrencies, which has been gaining momentum over recent years.The idea of states holding Bitcoin could pave the way for more widespread acceptance and utilization of digital currencies in public finance. Giancarlo's remarks suggest that such a strategy could offer states a forward-thinking approach to managing their financial portfolios, potentially leading to innovative fiscal policies that embrace the evolving digital economy.

According to Binance Market Data, Bitcoin (BTC) crossed the 93,000 USDT benchmark and is now trading at 93,014.289063 USDT, with a 1.79% decrease in 24 hours.

According to DLNews, Bitcoin exchange-traded funds (ETFs) have experienced their most successful week since their introduction in January, marking a significant milestone in their growth trajectory. Data from SoSoValue indicates that Bitcoin ETFs acquired over $3.3 billion worth of Bitcoin in the week ending November 22. With Bitcoin trading consistently above $90,000 during this period, ETF issuers purchased more than 30,000 Bitcoins, which is approximately ten times the amount of newly minted Bitcoin. This surge in acquisition was described by Eric Balchunas, an ETF analyst at Bloomberg Intelligence, as "Pac-Man mode activated," highlighting the aggressive buying trend. Despite the initial surge, the momentum appears to have slowed, with approximately $438 million being withdrawn from Bitcoin ETFs at the start of the following week, as reported by SoSoValue. Nevertheless, the dozen funds that collectively hold over 5% of the global Bitcoin supply remain among the most successful ETFs since the investment vehicle gained popularity in the 1990s. Although Bitcoin ETFs are smaller compared to more established funds like the Vanguard S&P 500 ETF, which manages assets exceeding $530 billion, they have reached significant milestones at an unprecedented pace. BlackRock's IBIT, for instance, achieved a market value of $40 billion just 211 days after its launch, a record previously held by BlackRock's IEMG, which took over three years to reach the same mark. The record inflows last week coincided with BlackRock's introduction of new Bitcoin ETF options, amounting to nearly $2 billion in notional exposure. This level of exposure on the first day is considered remarkable, according to Balchunas. Bitcoin ETF options provide investors the ability to buy or sell Bitcoin at a specific price on a predetermined date, similar to stock options, without the need for crypto-specific platforms. ETFs have significantly contributed to Bitcoin's recovery this year, driven partly by institutional investments. Bitcoin reached $73,000 in March, surpassing its previous record set in 2021. After maintaining a level around $60,000 for much of the year, it surged again following the November 5 presidential election, reaching an all-time high just below $100,000 last Friday. Factors contributing to Bitcoin's recent rally include the Republican victory in the US elections, central banks reducing interest rates, and MicroStrategy's largest Bitcoin purchase to date. Bitcoin ETF issuers collectively hold 1.1 million tokens and are anticipated to surpass Satoshi Nakamoto, the pseudonymous creator of Bitcoin, as the largest holder by the end of the year.

Bitcoin (BTC) experienced a 5% decline on the daily chart, falling below $93,000 after reaching a high of $99,600 on Nov. 22. This marks the first significant pullback since August, as overbought market conditions and excessive leverage contributed to the downturn.Bearish Divergence and Profit-Taking Signal CorrectionOverbought Indicators:Bitcoin’s (BTC) price drop followed a strong bearish divergence between its price and the Relative Strength Index (RSI) on the daily chart, signaling an overbought market. This divergence hindered (BTC) from breaching the psychological $100,000 threshold.Profit-Taking Behavior:Data from CryptoQuant revealed that Bitcoin’s Profit and Loss (P/L) ratio reached levels comparable to its March 2024 peak, when BTC hit $73,400. Historically, such high P/L ratios near market tops indicate profit-taking by long-term holders. This activity often leads to capital rotation, where selling pressure is absorbed by new retail investors during bull markets.Overleveraged Markets Tip the ScaleFutures Market Dynamics:The correction was exacerbated by rising funding rates, indicating overleveraged positions in the futures market. According to data analytics platform IntoTheBlock, funding rates reached unsustainable levels before normalizing, which triggered a shift in momentum toward bears.Volume Patterns Suggest Sideways Action:Crypto futures analyst Byzantine General noted that current BTC price behaviour mirrors previous local tops, where prolonged sideways consolidation often follows. This suggests that Bitcoin could enter a period of range-bound trading under $95,000.Key Support Levels and Technical OutlookPotential Liquidity Zones:Bitcoin’s (BTC) rise from $73,000 to nearly $100,000 occurred without significant price inefficiencies, creating liquidity zones around the $90,000 and $85,000 levels. These zones are likely targets for BTC traders in the short term.RSI Drops Below 50:The RSI dropping below 50 for the first time since Nov. 6 indicates bearish momentum, with sellers expected to dominate price action. A daily close above $95,000 would confirm bullish sentiment, but this scenario appears unlikely in the current environment.Outlook: Consolidation or Further Decline?Bitcoin’s (BTC) retracement highlights the risks of overleveraged markets and profit-taking near record highs. While this correction may pave the way for healthier price action, traders should monitor the $90,000 support level closely.Immediate Bullish Trigger:A daily close above $95,000 could restore confidence in the short term, while a deeper correction to $85,000 remains a possibility if sellers continue to dominate, according to Cointelegraph.Related Articles:Bitwise Files for ETF Combining Bitcoin and Ether ExposureVanEck Extends Fee Waiver for Bitcoin ETF to Attract InvestorsDid Bitcoin’s 8% Price Drop Dampen Bulls’ $100K Rally Hopes?

Asset management firm Bitwise has submitted a Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for an exchange-traded product (ETF) combining Bitcoin (BTC) and Ether (ETH). If approved, the ETF would trade on NYSE Arca, offering balanced exposure to the two largest cryptocurrencies.Details of the Proposed ETFThe ETF aims to hold BTC and ETH in proportions approximating their relative market capitalizations, according to Bitwise’s filing. This innovative approach seeks to provide investors with easy access to diversified crypto exposure in a regulated format.The filing did not specify an official launch date, stating only that trading would begin “as soon as practicable” after approval.Regulatory Challenges and Leadership ChangesThe SEC’s stance on crypto ETFs has evolved in 2024, approving the first spot Bitcoin ETFs in January and spot Ether ETFs in May. However, the regulatory environment remains uncertain with Gary Gensler, the current SEC Chair, set to step down on January 20, 2025.With President-elect Donald Trump poised to appoint a new SEC head, many in the industry anticipate a more favorable crypto regulatory landscape. This optimism has spurred a wave of ETF applications, including proposals tied to Solana (SOL), Hedera (HBAR), and XRP, signaling growing confidence in expanded crypto ETF approvals.Impact of 2024 Election on Crypto RegulationThe November 5 election marked a pivotal moment for the crypto industry, with Republicans gaining majority control of Congress. Analysts suggest this shift could lead to pro-crypto legislative advancements, aligning with President-elect Trump’s known support for digital assets.According to Bitwise, the dual Bitcoin-Ether ETF would cater to the increasing demand for diversified crypto investment vehicles, offering retail and institutional investors a streamlined option to access the two largest cryptocurrencies by market cap.Broader Implications for the Crypto IndustrySince the election, the SEC has faced growing pressure to approve a wider range of crypto ETFs. Bitwise’s application follows the firm’s November 21 filing for a spot Solana ETF, further signaling the industry’s push to expand offerings under anticipated regulatory changes.As the SEC transitions to new leadership, the approval of Bitwise’s Bitcoin-Ether ETF could set a precedent for multi-asset crypto investment products, reinforcing the United States’ position in the global crypto market, according to Cointelegraph.

According to Cointelegraph, VanEck has announced an extension of its fee waiver for the VanEck Bitcoin ETF (HODL) as part of its strategy to attract investors in the competitive Bitcoin (BTC) exchange-traded fund (ETF) market. The asset management firm revealed that it will waive management fees on the first $2.5 billion in net assets of the spot BTC ETF until January 10, 2026. This extension comes after the initial waiver, which was set to expire in March 2025 and applied to the first $1.5 billion in assets under management (AUM).Kyle DaCruz, VanEck’s director of digital assets products, stated that the HODL ETF is nearing the original $1.5 billion threshold due to growing investor enthusiasm for Bitcoin. He expressed hope that the extended fee waiver would encourage more investors to consider Bitcoin and digital assets as part of their portfolios. The VanEck Bitcoin ETF's baseline management fee stands at 0.20%, which is competitive but slightly higher than some of its rivals, such as the Grayscale Bitcoin Mini Trust (BTC), which charges a lower annual sponsor fee of 0.15%.The trend of waiving management fees is common among cryptocurrency ETF sponsors, with most setting these waivers to expire within six months to a year of a fund’s launch. As of now, VanEck's Bitcoin ETF has net assets of approximately $1.28 billion, positioning it behind several other spot BTC funds. The largest among these, the iShares Bitcoin Trust (IBIT), has accumulated around $46 billion in AUM.Bitcoin has maintained a dominant presence in the ETF landscape since the launch of spot BTC ETFs in January. Investor interest surged following the election of crypto-friendly President-elect Donald Trump on November 5. By November 21, US BTC ETFs surpassed $100 billion in net assets for the first time, as reported by Bloomberg Intelligence.Bryan Armour, director of passive strategies research at Morningstar, highlighted two main factors contributing to the growth of spot Bitcoin ETFs: widespread Bitcoin adoption and the superior nature of the product. Armour noted that these ETFs have enabled new investors to purchase Bitcoin for the first time, particularly those who previously faced challenges in setting up a wallet and buying Bitcoin on a cryptocurrency exchange. Additionally, these ETFs offer benefits such as cheaper trading, low fees, and top-tier Bitcoin storage practices.

Bitcoin (BTC) faced an 8.2% pullback over four days, dropping to $91,315 after its all-time high of $99,609 on Nov. 22. This decline, which led to $250 million in liquidations of leveraged long positions, raises questions about Bitcoin’s ability to reach the critical $100,000 milestone. However, key indicators suggest the correction may be a temporary pause rather than a bearish reversal.Market Context: A Healthy Correction?Bitcoin’s recent dip follows a sharp 22.6% rally between Nov. 9 and Nov. 13, which triggered $342 million in long liquidations. According to CoinGlass, this pullback highlights over-leveraged positions among derivatives traders rather than a fundamental shift in market sentiment.Miners’ Selling Pressure:Bitcoin (BTC)  miners, holding approximately 1.8 million BTC worth $166.3 billion, have increased selling activity, offloading around 2,500 BTC ($231 million) daily. Despite this, US spot Bitcoin ETFs recorded robust daily inflows of $670 million between Nov. 18 and Nov. 22, counteracting miner sell-offs.Key Indicators: Investor Sentiment and Institutional DemandLong-Term Holders:Data from Glassnode shows long-term Bitcoin (BTC) holders are contributing to selling pressure, similar to behavior seen in late March 2024. Back then, profit-taking after failed attempts to surpass $73,500 led to a two-month correction, with Bitcoin (BTC) bottoming at $60,830.Institutional Buys:Despite the correction, institutional demand remains strong. On Nov. 25, MicroStrategy announced a $5.4 billion Bitcoin (BTC) purchase, signaling continued confidence in BTC’s long-term potential. Other institutional players, such as MetaPlanet in Japan and Semler Scientific in the US, are also mirroring this strategy.Potential Bottom: $82,500?If historical trends persist, Bitcoin’s (BTC) price may bottom at $82,500, marking a 17% retracement from its all-time high. This aligns with corrections observed during previous bull runs. However, this time, sustained spot ETF inflows and corporate adoption provide stronger support levels, making a deeper downturn less likely.Options and Derivatives Data: Resilient Market SentimentOptions data from Laevitas shows the 25% delta skew, a critical indicator of market sentiment, remains neutral. Both put (sell) and call (buy) options are trading at similar premiums, indicating neither excessive fear nor optimism among traders.Outlook: Can Bitcoin Still Hit $100K?While Bitcoin's momentum has temporarily slowed, strong institutional demand, growing corporate adoption, and consistent ETF inflows signal that the bull market remains intact. Analysts suggest the recent dip may serve as a "final flush" before a rally toward $100,000.With resilient onchain metrics and solid institutional interest, Bitcoin’s chances of hitting $100,000 by year-end remain viable, provided the broader market sentiment and inflows maintain their strength, according to Cointelegraph. Related Articles: Bitcoin's Path to $100,000: Challenges and PredictionsBrazilian Congressman Proposes National Bitcoin ReserveBitcoin's Price Volatility During Bull Markets

On Nov 26, 2024, 20:37 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 91,000 USDT and is now trading at 90,884.523438 USDT, with a narrowed 4.54% decrease in 24 hours.

According to U.Today, Charles Edwards, a cryptocurrency analyst and founder of Capriole Investments, recently shared insights on Bitcoin's struggle to reach the $100,000 mark. Edwards highlighted a significant factor he believes has hindered Bitcoin's progress: "supply saturation." This term refers to the substantial amount of Bitcoin being sold as it nears the $100,000 level, creating what Edwards describes as the "biggest sell wall ever." He noted that a sharp 20% drop in MicroStrategy's stock, following Citron Research's announcement of shorting MSTR, served as a warning sign of this saturation. Edwards remains optimistic, suggesting that Bitcoin will eventually surpass the $100,000 threshold, but it will require time and market readiness. He emphasized that once Bitcoin breaks through this barrier with strength, the subsequent rise to another $100,000 could occur rapidly. In addition to Edwards' analysis, Adam Back, founder and CEO of Blockstream, also weighed in on the situation. Back, a prominent figure in the Bitcoin community, expressed that if the market were prepared for Bitcoin to hit $100,000, the price would already be significantly higher. This sentiment reflects a broader market hesitation or lack of readiness for such a milestone. The recent market activity has seen Bitcoin experience a notable decline. Over the past day, Bitcoin's value dropped approximately 7%, falling from around $98,970 to below $92,000. This decline follows a recent all-time high of $99,655, reached just four days ago. Despite expectations for Bitcoin to surpass $100,000 soon, the market has yet to see this breakthrough. Among those who anticipated this rise was Robert Kiyosaki, a well-known investor and author of "Rich Dad Poor Dad." Kiyosaki recently tweeted that Bitcoin could reach $500,000 by 2025, based on data from artificial intelligence. He also agreed with Michael Saylor's prediction that Bitcoin might trade at $13 million per coin within the next decade. These insights and predictions highlight the complexities and challenges facing Bitcoin as it approaches the $100,000 mark. While analysts and investors remain hopeful, the market's readiness and the presence of significant sell walls continue to pose obstacles to achieving this milestone.

According to U.Today, CNBC's Mad Money host Jim Cramer has stirred discussions within the Bitcoin community following a recent tweet expressing a bullish stance on the cryptocurrency. Known for his often contrarian influence on market reactions, Cramer's unexpected positive comment on Bitcoin caught the attention of many, including Elon Musk. The tweet, which declared "Bitcoin is a winner," was shared by a user named DogeDesigner, alongside a chart showing Bitcoin's sharp decline. In the past 24 hours, Bitcoin, the largest cryptocurrency by market capitalization, has experienced a significant drop of approximately 7%, falling from $98,660 to around $91,840. At the time of writing, Bitcoin has slightly recovered, trading at $93,115. Cramer, in his tweet, emphasized his long-standing support for cryptocurrency, stating that he has "owned and backed crypto" since the early days of his financial media company, The Street, which was established in 1996. This statement was made in response to the prevalent "time to dump crypto" sentiment. Cramer's comments have elicited mixed reactions from the cryptocurrency community. Some members have humorously suggested that Cramer should refrain from discussing Bitcoin unless he predicts a decline, as his statements often seem to precede the opposite market movement. Earlier today, Cramer also tweeted about the potential for the market to become "very overbought," further fueling the ongoing debate about his influence on cryptocurrency trends.

On Nov 26, 2024, 19:39 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 92,000 USDT benchmark and is now trading at 92,193.953125 USDT, with a narrowed narrowed 2.61% decrease in 24 hours.

On Nov 26, 2024, 18:15 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 93,000 USDT and is now trading at 92,956 USDT, with a narrowed 2.85% decrease in 24 hours.

According to Finbold, a Brazilian Congressman, Eros Biondini, has introduced a proposal for the establishment of a national Bitcoin reserve in Brazil, named the Bitcoin Sovereign Strategic Reserve (RESBit). This initiative aims to diversify the country's Treasury and position Brazil as a leader in the digital economy. The proposal was filed on November 25, and it outlines a strategic plan for Brazil to reduce economic risks and enhance opportunities for technological and financial development. Biondini emphasized that the approval of this project is crucial for ensuring Brazil's economic sovereignty and aligning with global innovation trends. The proposed bill suggests a planned and gradual acquisition of Bitcoin, constituting up to 5% of the national reserves. It designates the Central Bank of Brazil as the entity responsible for acquiring and managing the RESBit. Additionally, the bill specifies that the reserve will be stored using cold wallets, with biannual reports detailing its movements. This proposal follows similar initiatives in other countries, such as the United States, where politicians have signaled the creation of a national Bitcoin reserve by 2025. Developing nations like Brazil are now considering a more favorable approach to Bitcoin and cryptocurrencies. Other countries are also moving towards Bitcoin adoption. Argentina, under Javier Milei's administration, and Morocco, as reported by Reuters, are preparing to create a regulatory environment for digital assets. In Suriname, Maya Parbhoe, a Bitcoin advocate, is campaigning to make Bitcoin legal tender if elected, following El Salvador's example in 2021. As interest in Bitcoin and blockchain technology grows globally, countries, governments, central banks, and corporations are increasingly exploring these innovations. Romania recently demonstrated this by conducting its 2024 presidential election votes on a blockchain platform. Despite these developments, the adoption of cryptocurrencies remains in its early stages, and proposals like the one in Brazil may encounter political resistance, similar to the opposition seen in Europe from the European Central Bank. As the world moves towards greater cryptocurrency adoption, the demand for digital assets could rise, potentially impacting their market value and capitalization. However, these movements are still nascent, and the future of such initiatives remains uncertain.

On Nov 26, 2024, 16:26 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 94,000 USDT benchmark and is now trading at 94,009.640625 USDT, with a narrowed narrowed 2.31% decrease in 24 hours.

According to Odaily, Asher Genoot, the CEO of the publicly traded Bitcoin mining company Hut 8, recently shared on the X platform that the company currently holds approximately 9,100 BTC in its balance sheet. In a move to gauge community sentiment, Genoot initiated a poll asking whether the company should increase its Bitcoin reserves. Out of the 27,238 votes cast so far, a significant 92.8% of respondents believe that Hut 8 should indeed boost its Bitcoin holdings. This overwhelming support from the community highlights a strong confidence in Bitcoin's potential as a valuable asset. The poll results suggest that stakeholders and followers of Hut 8 are in favor of leveraging the cryptocurrency's potential for future growth and stability. As the company evaluates its financial strategies, the community's input could play a crucial role in shaping its approach to Bitcoin investments. The decision to potentially increase Bitcoin reserves aligns with a broader trend among companies seeking to diversify their portfolios and hedge against traditional market fluctuations.

According to Blockworks, Bitcoin's price volatility is a well-known characteristic, often leading to significant corrections even during bull markets. Historically, Bitcoin has experienced substantial drawdowns, with prices dropping by about 80% from peak to trough in bear markets. However, this article focuses on the corrections that occur during bull markets, which are currently being observed. In past bull markets, such as the one from August 2015 to December 2017, Bitcoin did not experience drawdowns of 50% or more. The largest correction during that period was a 40% retracement over two weeks in September 2017. In contrast, the bull market between 2018 and 2021 saw three corrections of more than 50%, including the significant market crash in March 2020, coinciding with global financial turmoil. During this crash, Bitcoin's price halved across most timeframes, except for a three-month period where it dropped by 47%. Other notable drawdowns occurred in May and July 2021, when Bitcoin's price fell from over $60,000 to $30,000, before recovering to nearly $69,000 over the following months. The current bull market has been relatively calmer, with the most significant correction occurring in early August, when Bitcoin's price fell by 30% across various timeframes, dropping to $49,200 from over $70,000 in June. Despite these fluctuations, Bitcoin's inherent volatility remains a constant factor. Historically, the most severe drawdowns have occurred towards the end of bull markets, suggesting that the longer the market goes without a major correction, the more likely it becomes. This pattern adds an element of unpredictability to Bitcoin's price movements, keeping investors on edge.

According to Odaily, Ki Young Ju, the founder and CEO of CryptoQuant, recently shared insights on the trading behavior of Bitcoin retail investors. In a post on the X platform, he noted that these investors have not yet succumbed to the fear of missing out (FOMO). The data presented by Ki Young Ju highlights the trading frequency of retail investors in both spot and futures markets, indicating a steady growth pattern without significant fluctuations. This observation suggests that retail investors are maintaining a cautious approach, avoiding impulsive trading decisions despite the volatile nature of the cryptocurrency market. The absence of dramatic spikes in trading activity implies that retail investors are possibly waiting for more stable market conditions before making substantial moves. This behavior contrasts with previous market cycles where retail investors often drove significant price movements through rapid buying and selling. Ki Young Ju's analysis provides valuable insights into the current sentiment among retail investors, which could influence future market trends. As the cryptocurrency market continues to evolve, understanding the behavior of retail investors becomes increasingly important for predicting potential market shifts. The steady trading activity observed may also reflect a growing maturity among retail investors, who are now more informed and strategic in their investment decisions.

According to Odaily, an analysis by intotheblock suggests that the recent pullback in Bitcoin's value can be partially attributed to an increase in funding rates, indicating an excessive level of leverage in the market. This rise in funding rates has been a significant factor contributing to the cryptocurrency's downturn. The analysis highlights that the good news is the normalization of funding rates, which suggests that the process of leverage liquidation might have concluded. This normalization indicates a potential stabilization in the market, as the excessive leverage that previously existed has been addressed. The adjustment in funding rates is a crucial development, as it reflects a more balanced market environment, reducing the risk of further significant declines. The insights provided by intotheblock underscore the importance of monitoring funding rates as a key indicator of market health. As funding rates stabilize, it may signal a more sustainable trading environment for Bitcoin, potentially paving the way for future growth. This development is crucial for investors and traders who are closely watching the cryptocurrency market for signs of recovery and stability.

Bitcoin’s (BTC) recent price dip to $92,000 is being attributed to long-term holders (hodlers) rather than institutional investors or exchange-traded funds (ETFs), according to on-chain data. Despite this correction, strong institutional demand continues to fuel optimism for Bitcoin reaching the $100,000 milestone.Bitcoin’s Price Correction: Long-Term Holders Take Center StageOn November 26, Bitcoin (BTC) fell over 5.6% in 24 hours, trading at $92,774 as of 8:52 am UTC, following its record-breaking rise to $99,000 earlier in the week. Contrary to speculation, long-term Bitcoin (BTC) holders drove this correction, not the flow of funds into ETFs, according to Eric Balchunas, a senior ETF analyst at Bloomberg.In a November 25 post on X, Balchunas commented:“The call is coming from inside the house, it’s long-term hodlers.”The decline came after Bitcoin posted its largest monthly candle in history, underscoring the growing activity among hodlers.ETFs Absorb Hodler Selling PressureWhile hodlers sold 128,000 BTC, U.S. spot ETFs absorbed 90% of the selling pressure, showcasing strong institutional demand, according to crypto trader and technical analyst Kyle du Plessis.“Strong institutional demand is fueling BTC’s rally, bringing it closer to the $100K milestone,” du Plessis noted.Bitcoin (BTC): Long-Term Holders and ETF BalancesThe chart below highlights the relationship between long-term holder selling and ETF balances during the recent market movement:(Insert Chart: Long-term holders and ETF balances position change.)Market Leverage Remains ElevatedThe correction could support Bitcoin’s sustainability in the long run, especially given the high leverage levels in crypto markets. On November 12, Kris Marszalek, co-founder and CEO of Crypto.com, stated:“The crypto market will need deleveraging before Bitcoin can breach $100,000.”However, CryptoQuant data shows the estimated leverage ratio across all exchanges remains elevated at 0.24, a high last seen in August 2023.What’s Next for Bitcoin?Despite the pullback, analysts remain optimistic about Bitcoin (BTC) surpassing $100,000 in the near term. With ETFs absorbing substantial sell pressure and continued institutional interest, the path toward the next major milestone appears strong. However, the role of hodlers and leverage management will remain critical factors in shaping Bitcoin’s trajectory, according to Cointelegraph.Related Articles:BTC Nears One Million Daily Active Addresses as $100K Milestone ApproachesDonald Trump's Cryptocurrency Holdings RevealedMorocco Plans to Re-Legalize Cryptocurrency