Bitcoin (BTC) was billed to a new all-time high (ATH) of over $111,500 during trading hours in Asia today. This impressive climb showed a sudden sharp rebound of major cryptocurrencies after first soaking along with other risky assets. Bitcoin first hit around $109,600 when the US stock market opened, but saw a brief recession following news that the $16 billion 20-year US Treasury auction was weak.
Despite its instantaneous pullback, Bitcoin mounted a quick V-shaped price recovery. Analysts describe this current upward movement as a “structurally strong gathering” that is attributed to growing interest in institutional investors and positive changes in regulatory changes.
Bitcoin V-shaped recovery against the strength of the new ATH signal market
Market analysts have linked Bitcoin's recent robust rebound to several key developments. Another wave of big influx is Bitcoin Exchange Funds (ETFs) that ease tensions in international trade policy. In particular, Treasury Secretary Scott Bescent confirmed a 90-day suspension of new import tariffs following successful negotiations with China.
The announcement follows the period of increased tariffs imposed by President Donald Trump, which includes a 10% basic tax on all US imports and an additional surcharge targeting China.
Investors are actively responding to these mild trade winds. According to fresh data from SosoValue, the Spot Bitcoin ETF has earned a net inflow of $329 million over the past 24 hours. Swissborg director Franklin Lacroix attributed the movement to “a strong institutional influx.” At the same time, Enclave Markets CEO Phil Wirtjes pointed to recent advances in the US Senate's Stablecoin regulations, contributing to buyers' trust.
Related: Bitcoin is out of range, with analysts targeting the $315K peak
Options market sparks bullish with an eye on the $130k Bitcoin call
The Bitcoin options market also reflects a new sense of optimism. After BTC immersed its previous highs, activity shifted from putside profit acquisition to a more clearly bullish positioning. In this prominent indication of sentiment, traders concluded Bitcoin's September 130,000 call options 1,000 contract, signaling a cost-effective strategy to bet on the ongoing upside down of cryptocurrency.
The implicit volatility of the front end remains high and hovered just below the 50V mark, but analysts note that it remains well supported, especially given the current conditions of thin liquidity and relatively low open interest in some of the market.
Institutional appetite is growing: “Strategy” $2.1 billion Bitcoin purchase plan
Moreover, the demand for the system remains the main engine behind Bitcoin's current momentum. Emphasizing this trend, a company called “Strategy” recently announced a $2.1 billion offering in 10% permanent preferred stock with the explicit intention of using revenues for additional Bitcoin purchases. The move highlights the key scale of capital that has entered the Bitcoin market from large players.
Related: Bitcoin will skyrocket above $103K as the US and China announce tariff cuts at 30% and 10%
At the same time, the continued debate in Congress, particularly on comprehensive cryptocurrency surveillance, appears to have become increasingly advantageous in the US regulatory environment for cryptocurrency. Interestingly, Bitcoin's current upward trajectory differs from Gold's recent behavior. Bitcoin has decisively entered the price discovery mode by hitting a new ATH, but recently Gold has fallen below the nearly $3,300 per ounce deal.
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