After experiencing a sharp correction in the previous two days, the cryptocurrency market rebounded strongly last night, and the price of Bitcoin once again broke through the $100,000 mark. This phenomenon has triggered widespread discussion among investors: Is this the result of concentrated inflows of funds from large investors, or has the market as a whole entered a new round of upward cycle? This article will focus on this topic and analyze the performance of related projects, price changes, and the market logic behind them.

Who is behind Bitcoin’s $100,000 price?

Bitcoin's price fluctuations have long been considered a market indicator. When the price returned to $100,000, many people began to ask: What force allowed the market to recover in the short term?

Is it the whale accounts building positions at low levels, raising prices? Or is it the continuous improvement of market fundamentals (such as institutional investment and macro policies)? We can find answers from price data and project dynamics.


Here are the key project performances and data during last night's market rebound:


1. Bitcoin (BTC): Strongly stabilizing above $100,000

Last night, the price of Bitcoin quickly rose from $97,800 to $100,800, with a 24-hour increase of about 3%. On-chain data shows that a large influx of funds mainly comes from a few large transaction accounts, with the activity of whale addresses increasing by 15% compared to last week.

2. Ethereum (ETH): Following closely behind

Ethereum has shown steady performance, rebounding from $6,450 to $6,730 last night, with an increase of about 4.3%. Especially driven by the DeFi sector, the number of on-chain active users of Ethereum has reached a new high, hitting a peak not seen in nearly 30 days.

3. BNB: Ecosystem prosperity drives growth

BNB was one of the strongest mainstream assets last night, with a price increase of 8.2%, surpassing $750. This is attributed to the launch of several new projects on the BNB Chain and the promotion of its high-yield staking program. The recent AirDrop event attracted a large number of users, further stimulating demand.

4. Layer 2 projects: Optimism (OP) and Arbitrum (ARB)

Layer 2 projects have become the focus of capital chasing. Optimism rose by 10%, and Arbitrum increased by 9%, closing at $3.1 and $2.8 respectively. Both are favored by the market due to their scalability technology and ecosystem development.

5. Emerging hot projects: Aptos (APT) and Sui (SUI)

The prices of Aptos and Sui rose by 11% and 9% respectively, with both recently attracting wide attention in the fields of NFTs and decentralized social networking.


Bitcoin's return to over $100,000 is not coincidental, but the result of multiple factors at play:

1. Large capital inflow

On-chain data shows that in the past 48 hours, more than $2 billion worth of Bitcoin flowed into a few whale accounts. This indicates that large holders may be using the previous market pullback to position themselves.

2. Improving macro environment

Global inflation pressures are gradually easing, and market demand for risk assets is rebounding. Meanwhile, several central banks in various countries are warming up their regulatory stance towards digital currencies, injecting confidence into the market.

3. Institutional layout of spot ETFs

Several top institutions, including BlackRock and Fidelity, are accelerating preparations for Bitcoin spot ETFs. This potential positive news is gradually reflected in the prices.

4. Driven by technological innovation

Technological iterations in areas such as Layer 2, NFTs, and DeFi have further expanded the practical application scenarios of cryptocurrencies, increasing market participation.

During the market rebound, investors can focus on the following aspects:


1. Allocate core assets

Bitcoin and Ethereum remain the most robust investment choices. Although the market may fluctuate in the short term, in the long run, the growth potential of these two asset classes remains substantial.

2. Deeply engage in the BNB ecosystem

BNB Chain is one of the fastest-growing blockchain ecosystems currently, with its new projects and AirDrop activities worth paying attention to. For instance, the recently launched liquidity mining program offers up to 100% annualized returns.

3. Explore Layer 2 and emerging projects

Projects like Optimism and Aptos have high growth potential. Investors can further increase returns by participating in staking or cross-chain liquidity provision.

4. Beware of short-term risks

Although the market seems optimistic, investors should guard against potential pullback risks and avoid blindly chasing highs.


Is this a short-term rebound or the beginning of a new bull market?

Bitcoin's breakthrough above $100,000 has injected strong confidence into the market, but whether it can sustain an upward trend still depends on more fundamental support. However, it can be confirmed that, from both technological advancement and capital inflow perspectives, the cryptocurrency market is moving towards a more mature and expansive future.



Will Bitcoin's breakthrough above $100,000 drive other cryptocurrencies into a new growth cycle? Or do you think the market still needs more time to build momentum? Feel free to leave your thoughts in the comments!


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