Quick Summary:
- Bitcoin hits new all-time high of $109,200
- 24-hour trading volume at $59.71 billion
- Market cap peaks at $2.16 trillion
- Exchange reserves hit record low, showing strong HODL sentiment
- Experts predict further surge — targets range from $200K to $1 million
Bitcoin Breaks Records Again
Bitcoin, the world’s leading cryptocurrency, has reached a groundbreaking all-time high of $109,200, sending shockwaves across the financial and crypto markets. With a 24-hour price jump of 4% and a trading volume of $59.71 billion, the total market cap has soared to $2.16 trillion — another record milestone.
Bitcoin Price Chart | Source CoinMarketCap
Experts Are Bullish
Market giants and well-known personalities are showing immense confidence in Bitcoin’s upward trajectory.
- Standard Chartered analysts predict BTC could hit $200,000, almost doubling from the current level.
- Robert Kiyosaki, author of Rich Dad Poor Dad, is even more bullish, stating: “Bitcoin price will cross $250,000 by the end of 2025,”
and he believes long-term targets could reach $500,000 to $1 million. - Forbes also suggested that Bitcoin might climb to $300,000, based on options data.
Exchanges Are Running Low on BTC
Data from CryptoQuant and CoinGlass reveals a dramatic decrease in exchange reserves:
- 7206.66 BTC exited exchanges in the past 24 hours
- 19,670+ BTC in the past 7 days
- 121,709.78 BTC in the last 30 days
This steep outflow indicates a strong HODL mentality, as investors choose to store Bitcoin in private wallets rather than sell — even at peak prices. This reduced supply on exchanges also weakens selling pressure, allowing bulls to maintain control.
Bitcoin Exchange Reserves| Source: CryptoQuant
Caution Ahead?
While the sentiment remains largely positive, this low liquidity also creates a double-edged sword — increased volatility. Sudden large trades can now cause significant price swings.
What’s Next?
With Bitcoin reaching new heights, the entire crypto market is watching closely. Altcoins are expected to follow suit, and if predictions hold true, we might be witnessing the early phase of another historic bull run.
Stay tuned — the Bitcoin journey is far from over.