Disclaimer: Crypto is highly volatile and you could lose all your money, do your own research before investing.
Key Takeaways
- Bitcoin has maintained a price above $100,000 for three consecutive weeks, signaling strong market momentum.
- Institutional investors and global economic conditions are playing a pivotal role in Bitcoin’s price stability.
- On-chain metrics suggest reduced selling pressure and increased accumulation among long-term holders.
- Bitcoin ETF inflows remain strong, attracting fresh capital from traditional finance.
- Analysts predict Bitcoin’s momentum could drive prices even higher, with $120K as the next psychological target.
Bitcoin’s Historic $100K Streak Continues into Week 3
Bitcoin has defied expectations yet again, remaining firmly above the $100,000 mark for the third straight week. The psychological barrier that once seemed insurmountable has now become the new floor, redefining the broader cryptocurrency landscape and cementing Bitcoin’s status as a maturing financial asset. As of this writing, Bitcoin is trading around $104,300, exhibiting impressive resilience in the face of macroeconomic uncertainty and regulatory noise.
The sustained rally is not merely the result of retail hype or speculative trading. It’s underpinned by a confluence of strong fundamental indicators, institutional interest, and global shifts in economic policy. The third week of Bitcoin above six figures is not just a milestone—it’s a signal that the asset class is entering a new era of legitimacy, performance, and recognition.
Institutional Demand Fuels the Rally
Perhaps the most significant catalyst behind Bitcoin’s $100K streak is the massive inflow of institutional capital. Ever since the approval of several spot Bitcoin ETFs earlier this year, funds have poured into Bitcoin-backed investment products at an unprecedented pace. BlackRock, Fidelity, and other major players have consistently reported high inflows into their crypto-focused funds, driven by both retail demand and institutional portfolio rebalancing.
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These institutional actors aren’t just chasing quick profits; they’re increasingly treating Bitcoin as a hedge against inflation, a store of value, and a portfolio diversifier. Their long-term horizon and sheer volume of capital are helping stabilize price volatility, while also reinforcing a bullish market structure. The fact that these funds continue to attract capital week after week shows the strength of conviction among high-net-worth individuals, hedge funds, and even pension funds.
Supply Constraints Tighten the Market
One of the most compelling bullish arguments for Bitcoin’s current price action is the tightening supply on exchanges. On-chain data from Glassnode and CryptoQuant indicates that the number of Bitcoins held on centralized exchanges is at its lowest point in over five years. This suggests that investors are increasingly moving their assets into cold storage, a behavior typically associated with long-term holding.
Meanwhile, miners have also been reducing the volume of BTC sent to exchanges, likely due to both improved profit margins and a bullish outlook. This contraction in supply, combined with increasing demand, creates a classic supply-demand imbalance that naturally drives prices higher. As more investors compete for fewer available coins, the price is likely to continue its upward march—especially if the current momentum continues.
Bitcoin ETFs and Traditional Finance Convergence
The third week of Bitcoin above $100,000 has coincided with record volumes in newly launched spot Bitcoin ETFs. These financial products have provided traditional investors with an easy, regulated way to gain exposure to Bitcoin without needing to directly interact with crypto wallets or exchanges. As a result, ETFs have become a gateway for capital that previously sat on the sidelines due to compliance or risk concerns.
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In addition, the growing popularity of Bitcoin ETF products has encouraged financial advisors and portfolio managers to allocate small percentages of their clients’ assets to BTC. The fact that these ETFs are now being included in retirement accounts and institutional portfolios speaks volumes about Bitcoin’s evolving role in the global financial system. With each passing week, Bitcoin becomes less of a fringe asset and more of a legitimate component of long-term financial planning.
Macroeconomic Trends Support Bitcoin’s Rise
Bitcoin’s third consecutive week above $100,000 cannot be analyzed in isolation from global macroeconomic conditions. Persistent inflation concerns, uncertainty surrounding interest rate decisions, and increasing geopolitical instability have all contributed to the growing narrative of Bitcoin as “digital gold.” In countries facing currency devaluation, Bitcoin offers a lifeline of capital preservation and cross-border liquidity.
Furthermore, central banks in regions like Latin America and Southeast Asia are experimenting with digital currencies and blockchain infrastructure, signaling a broader global shift toward the digitization of finance. As trust in fiat currencies and traditional banking continues to waver in some parts of the world, Bitcoin’s decentralized nature and fixed supply make it an attractive alternative.
Market Sentiment Remains Strong
Sentiment analysis across social platforms, trading forums, and market indicators shows overwhelmingly bullish attitudes. The Fear & Greed Index currently sits in the “Extreme Greed” category, and Google Trends reveals a spike in searches related to Bitcoin investing, cold wallets, and crypto tax implications—suggesting a surge in mainstream interest.
Notably, Bitcoin’s dominance in the crypto market cap has risen to 52%, its highest level in over two years. This resurgence in dominance indicates a capital flight from altcoins and meme tokens back into Bitcoin, as investors seek safety and reliability during a period of renewed market momentum. With each green weekly candle, confidence continues to grow.
Technical Indicators Point to Continued Strength
Technical analysis offers further support to Bitcoin’s bullish case. The price has remained well above the 200-day moving average and is forming higher highs and higher lows—a classic bullish trend pattern. The Relative Strength Index (RSI), although elevated, has yet to flash major overbought signals, leaving room for more upside before a meaningful correction.
In addition, support levels around $96,000 and $100,000 have held firm during recent pullbacks, showing that buyers are stepping in quickly during moments of weakness. If Bitcoin can consolidate between $100,000 and $105,000, many analysts believe the next leg up could push prices toward the $120,000–$130,000 range within the next few weeks.
Long-Term Holders Signal Confidence
Another bullish signal is the behavior of long-term holders (LTHs), who are showing little intention of selling even as prices hit all-time highs. Glassnode data reveals that a record percentage of Bitcoin supply remains dormant, held in wallets that haven’t moved coins in over six months. Historically, such behavior suggests that conviction is strong and speculative selling is minimal.
These holders likely believe that the current price level is just another step in Bitcoin’s longer-term journey toward widespread adoption and higher valuations. As a result, their reluctance to sell creates a stable foundation beneath the current market structure, preventing steep corrections and flash crashes that characterized previous cycles.
Conclusion
Bitcoin’s continued streak above $100,000 for three consecutive weeks represents far more than just a number on a chart—it marks a historic transformation in how the world perceives digital assets. No longer a fringe investment or speculative gamble, Bitcoin is increasingly seen as a legitimate, institutional-grade store of value.
From robust on-chain metrics and tightening supply to institutional adoption and macroeconomic tailwinds, the foundations of this rally appear fundamentally sound. ETF inflows, cold wallet accumulation, and technical indicators all point to sustained upward momentum in the weeks ahead.
While short-term volatility remains an ever-present risk in the crypto world, the underlying structure of the current market suggests that Bitcoin’s six-figure era has only just begun. Whether you’re a seasoned investor or just starting out, one thing is clear: Bitcoin is no longer knocking on the door of the financial mainstream—it has stepped firmly through it.