- Bitcoin nears $118K due to 94% chance of Fed rate cut.
- Institutional inflows significantly boost Bitcoin market.
- Rising long-term holder accumulation signals strong market interest.
Bitcoin aims for $118K as robust ETF interest and Fed rate cut prospects drive institutional capital. Prices surge with minimal sell-side liquidity, indicating strong investor conviction and heightened market dynamics.
Political shifts, like U.S. President Trump’s suggested replacement of the Fed Chairman, are affecting monetary policy expectations. Bitcoin’s key figures remain silent, but Binance predicts targets between $118K and $125K if momentum continues after breaking the $108K barrier.
“Bitcoin breaking $108K was a key resistance; next Fibonacci targets are in the $118K–$125K band, provided buying volume sustains.” – Binance Market Analysis Team
Institutional adoption, is reportedly a major factor in Bitcoin’s rally, with numerous ETF applications under SEC review. The iShares Bitcoin ETF’s notable revenue exceeds BlackRock’s S&P 500 ETF, signaling capital inflows into BTC-linked products.
As Bitcoin nears historical highs, altcoins like Ethereum and others benefit from the positive market sentiment. SEI’s 70% price increase reflects broader enthusiasm and ETF-related buzz. Long-term holders are accumulating significant BTC monthly, underscoring enhanced market confidence.
Historically, Federal Reserve rate cuts have correlated with heightened risk appetites, leading to significant rallies. ETF approval prospects and monetary easing are fostering optimistic expectations for price appreciation in both crypto and traditional markets.
On-chain data shows reduced sell-side liquidity and increased trading volumes, supporting bullish trends. Long-term holders’ accumulation indicates sustained market interest, suggesting a resilient investor base ready to seize opportunities arising from potential financial shifts.
