Bitfinex reports that unprecedented inflows into Bitcoin ETFs and strong institutional demand have pushed Bitcoin close to the historic $100,000 mark, though long-term holders (LTH) have also begun to take profits. Despite facing profit-taking resistance near $99,334 (its latest all-time high), BTC has shown resilience, holding steady near $96,000 over the weekend before regaining some momentum in early trading on Monday.
BTC is now up 47% since its pre-US election low of $66,880 and 130% so far this year, and BTC's outperformance relative to traditional assets is undeniable: Bitcoin's market capitalization has now surpassed Saudi Aramco, consolidating its position as the world's seventh-largest asset, with a valuation of more than $1.9 trillion at its peak.