- BTC’s recent rise above $100,000 is reigniting interest from long-term holders as foreign exchange inflows increase.
- The King crypto’s large trades have also witnessed a spike, indicating potential price momentum fueled by FOMO.
Bitcoin [BTC] has broken above the $100,000 level, reigniting market attention from long-term holders. As a flagship cryptocurrency and a benchmark for the broader crypto market, it has seen increased inflows to exchanges since January 11.
This increased inflow is similar to what happened on January 6 when Bitcoin briefly hit an all-time high of $102,000. Could a similar rally be in the offing?
Source:
The influx of BTC exchanges indicates renewed activity
Building on the recent momentum, BTC has seen a significant increase in inflows on the exchanges, which usually indicates increased trading activity. This signals a renewed commitment among long-term owners who had become cautious.
This change in behavior is consistent with Bitcoin’s recent bullish momentum, indicating that holders are looking to capitalize on potential upside. Such patterns generally indicate a Fear of Missing Out (FOMO) among Bitcoin market participants.
Source: CryptoQuant
Large transactions also fuel price optimism
Complementing the bullish case, BTC’s large trades have been steadily rising over the past week. This uptick reflects increased activity among institutional players and high-net-worth individuals.
Historically, such moves have preceded significant price action, as the major players in the market play an instrumental role in driving volatility. These large transactions strengthen the case for further upside.
Could FOMO Push Bitcoin to Rally Further?
At the time of writing, BTC was trading above $101,000 and seemed well positioned for further gains soon. Investor sentiment, which is now leaning towards greed, could push prices higher.
– Read Bitcoin (BTC) price prediction 2025-26
The psychological appeal of BTC crossing the $100,000 mark will attract both private and institutional interest. As more participants enter the market, supply and demand dynamics could strengthen BTC’s upward trajectory, potentially leading to a breakout from the forming bullish pennant.
However, this momentum faces potential barriers, including altcoin dominance and the next resistance level.
Source: TradingView