Bitcoin Could Break Above $100,000, Says Analyst, As Key Indicator Spikes After Latest Rally
Cryptocurrency analytics firm 10x Research saw a realistic possibility of Bitcoin (CRYPTO: BTC) reclaiming $100,000, following the apex coin’s strong recovery in recent days.
What happened: In its latest analysis, the firm attributed the rally primarily to a surge in futures leverage, as the Open Interest in Bitcoin futures rose from $22 billion to $29 billion
10x Research also drew attention to the “strongest day” of inflows into Bitcoin exchange-traded funds, totaling $936.43 million on April 22, since mid-January.
“If Bitcoin ETF inflows accelerate and stablecoin minting resumes, as investor confidence returns and Trump’s tariff threats prove more rhetoric than reality, Bitcoin could plausibly break above the $100,000 mark,” the firm projected.
The …
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