BTC breaks the record: Bitcoin hits a new all-time high with a surge beyond $96.94K

The Bitcoin market recently experienced a remarkable leap, with BTC closing at $96.94K, up 1.73% over the past 24 hours, and trading volume reaching $1.53B. This event is not just a number on the price board but also reflects a profound shift in market sentiment and underlying factors supporting this growth.

The Driving Forces Behind the Price Surge

Bitcoin’s continued conquest of new highs is no coincidence. First, institutional capital is continuously flowing into managed Bitcoin investment products, especially spot ETFs on developed markets. Regulatory changes in many regions have opened the way for traditional capital to enter digital assets.

At the same time, the global macroeconomic environment is prompting investors to seek hedging tools against monetary policy recalibration. Bitcoin, with its scarcity and inability to be printed in excess, has become a more attractive option in this context. Reports indicate that many leading companies are allocating part of their reserve funds into Bitcoin as a long-term strategic store of value.

Technical Signs and Strong Support Networks

From a technical perspective, Bitcoin remains above the 50-day and 200-day moving averages—strong indicators of a stable uptrend. Hash Rate remains near historic highs, indicating that the Bitcoin network is highly secure, which boosts confidence among institutional investors.

On-chain data reveal an optimistic picture. The amount of Bitcoin held on exchanges remains low, indicating long-term holders continue to accumulate rather than sell. The unrealized profit/loss ratio (NUPL) shows a significant portion of Bitcoin supply is in profit; however, selling pressure has not yet emerged on a large scale.

This event also coincides with a surge in trading volume—platform volumes increased by over 40% on the day before the breakout. This demonstrates active participation from various market players, from retail traders to large investment funds.

Market Sentiment Indicators and Analyst Warnings

The Bitcoin Fear & Greed Index is currently in the ‘Extreme Greed’ zone, a state often seen during strong bullish phases. However, experienced traders warn that such high optimism can also signal overheated conditions with potential reversal risks.

Experts from digital asset research firms emphasize that order book depth and derivatives market indicators are more meaningful than absolute price milestones. A market observer notes: “The true health of the rally is reflected in the sustainability of volume and long-term investor acceptance, not just spectacular price jumps.”

Ripple Effects Across the Ecosystem

Bitcoin’s positive movement often opens opportunities across the entire cryptocurrency market. Other major altcoins also see increased trading activity, albeit with varying volatility. The crypto mining sector, with profits tied to BTC prices, also benefits from this bullish phase.

Furthermore, blockchain infrastructure projects and Layer 2 scaling solutions like Lightning Network are gaining more attention and investment, creating a positive ripple effect across the ecosystem.

Investment Strategies During High Price Phases: What is DCA?

In the context of Bitcoin reaching new highs, many retail investors ask about appropriate approaches. One widely recommended strategy is DCA là gì—short for Dollar Cost Averaging (bình quân giá định kỳ).

DCA is an investment method that does not attempt to “time” the market for the best entry point but instead divides the initial investment into smaller, regular amounts over time. For example, instead of investing the full $1,000 at a price of $96.94K, an investor could allocate $100 each week over 10 weeks. The benefits of this approach include:

• Reducing the impact of short-term volatility
• Removing emotions from investment decisions
• Building a position gradually, lowering psychological risks when prices drop
• Taking advantage of lower prices if the market corrects

The DCA strategy is especially suitable when prices are high, as it allows investors to buy at multiple levels.

What Factors Could Cause Market Turbulence?

Despite positive outlooks, analysts also remind of potential risks. Sudden changes in legal policies in major economies or unexpected interest rate decisions by central banks could trigger strong sell-offs. A major security breach affecting leading exchanges or the Bitcoin network itself could quickly reverse sentiment.

Additionally, if the Fear & Greed Index returns to normal or shifts to cautious zones, it may signal underlying correction pressures.

Reference Data Sources

To reliably monitor the Bitcoin market, investors should consult data from:

• Reputable exchanges with high trading volumes
• Long-standing financial data aggregation platforms
• Specialized blockchain and crypto market analysis sites

Cross-referencing multiple sources ensures accuracy.

Conclusion

Bitcoin’s new price level at $96.94K demonstrates the asset’s maturity, supported by institutional flows, favorable macroeconomic conditions, and solid technical fundamentals. However, investors—especially newcomers—should remain cautious and employ strategies like DCA to manage risks effectively. Focusing on long-term indicators such as increasing liquidity, regulatory progress, and technological development of the Bitcoin network will help make more informed investment decisions.