Bitcoin突破$100,000 机构增持与政策Favourable Information推动新高

Bitcoin has broken the 100,000 US dollar barrier. The achievement of this important milestone is the result of multiple factors, including the global economic situation, the layout of financial institutions, market liquidity, macro policy trends, and investor sentiment.

As early as the end of April, Bitcoin demonstrated a different trend from the U.S. stock market, rising against the tide and independently developing its own market, laying the foundation for its return to the $100,000 high.

The direct driving force behind this breakthrough comes from institutional buying. At the end of last year, the assets of a certain Bitcoin ETF reached $34.3 billion, surpassing a well-known gold trust fund's $33 billion. This phenomenon indicates that traditional financial institutions' long-term confidence in Bitcoin is strengthening, creating conditions for the repricing of Bitcoin. Meanwhile, the continuous accumulation of Bitcoin by several companies further solidifies the buying power in the market, attracting more new funds, and providing strong support for the rise in Bitcoin prices.

The liquidity of the cryptocurrency market is also quietly changing. Data shows that in April this year, the issuance of a certain stablecoin reached as high as 5 billion USD, making funds for the crypto market more abundant. During this Bitcoin rise, there was no occurrence of other cryptocurrencies falling as a result of Bitcoin's rise, but rather a lively scene of overall increase. This is related to the stablecoin legislation that the United States is about to implement, and it is expected that as the bill progresses, the number of related stablecoins will continue to increase in the future.

The increase in institutional holdings and the overall improvement in market Liquidity have created favorable conditions for Bitcoin to break through the $100,000 mark, while positive changes in the policy environment have further propelled the realization of this outcome.

On the evening of May 6, the governor of New Hampshire officially signed a bill announcing that the state will establish a "strategic Bitcoin reserve," allowing the state treasury to invest no more than 5% of public funds in precious metals and digital assets with a market capitalization of over $500 billion. Meanwhile, the Arizona legislature passed a similar bill allowing 10% of public funds to be invested in digital assets such as Bitcoin. Although these measures have not yet initiated actual funding, their impact on boosting market confidence is significant.

In addition, on May 8, the United States and the United Kingdom reached a new trade agreement, partially retracting tariffs in specific areas. Previously, the global market was under pressure mainly due to the panic caused by the tariff war. This news led the market to believe that the impact of the tariff war would gradually weaken, resulting in a strong rise in Bitcoin prices.

Looking ahead, expectations for the Federal Reserve to cut interest rates in the second half of the year are increasingly strengthening. Although there is still considerable uncertainty about rate cuts in June and July, the market generally believes that the Federal Reserve may cut rates twice this year. As time goes on, this expectation may further strengthen, continuing to support Bitcoin price trends.