Bitcoin’s Historic Rally: Breaking $110,000

in #btc • 2 months ago

On May 22, Bitcoin shattered records by reaching $110,852, driven by:

  • Institutional Accumulation: Firms like Strategy (formerly MicroStrategy) now hold 555,000 BTC ($55.5 billion), while Bitcoin ETFs saw $7.42 billion in weekly inflows.
  • Macroeconomic Tailwinds: Falling U.S. Treasury yields (down to 4.46%) and the Federal Reserve’s pause on rate hikes fueled risk appetite.
  • Supply Squeeze: Over 97% of BTC addresses are profitable, and non-liquid supply hit all-time highs, signaling long-term holder conviction.
2 months ago in #btc by
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