Bitcoin’s momentum continues to build as key on-chain metrics, miner behavior, and institutional demand converge—fueling speculation that BTC could break past the $100,000 milestone in the near term. With technical indicators flashing bullish signals, miners locking in record profits, and exchange-traded funds (ETFs) experiencing a surge in inflows, the ecosystem is witnessing a powerful alignment of forces that historically precede major price rallies.
This article explores the confluence of factors driving Bitcoin’s current trajectory, including the MVRV Golden Cross, miner profitability, and growing ETF adoption—all pointing toward sustained upward momentum.
The Significance of the MVRV Golden Cross
One of the most compelling technical indicators recently observed in the Bitcoin market is the MVRV (Market Value to Realized Value) Golden Cross. This occurs when the MVRV ratio crosses above its 365-day simple moving average (SMA), signaling that Bitcoin may be undervalued relative to its long-term cost basis.
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The MVRV ratio compares the current market capitalization of Bitcoin to its realized capitalization—the total value of all coins based on their last movement price. When market value begins to exceed realized value after a prolonged period below it, investor confidence typically rises, often leading to strong upward price action.
Analyst Ali Martnez highlighted this crossover as a bullish development, noting that such patterns have historically preceded major bull runs. The recent cross above the 365-day SMA suggests that Bitcoin has entered an “underpriced” zone, increasing the likelihood of a breakout.
At the time of analysis, Bitcoin stabilized around $93,400**, aligning closely with the point at which the MVRV Golden Cross occurred. This confluence strengthens the technical case for further upside, potentially pushing BTC toward **$100,000 or beyond if momentum holds.
Another market observer, Bitbull, reinforced this view by suggesting Bitcoin remains fundamentally undervalued, with an implied energy-based valuation near $130,000. Despite recent gains, BTC has not yet entered parabolic territory like during previous peaks in late 2017 or early 2021—indicating room for acceleration in the current cycle.
Miners Lock in $18.57 Million in Profits
A critical development supporting Bitcoin’s bullish narrative is the surge in miner profitability. After BTC surpassed $93,000**, miners collectively realized **$18.57 million in profits, according to on-chain data.
This profit-taking isn’t a sign of panic selling—it reflects strategic behavior from large holders who acquired BTC at much lower costs. When miners secure profits efficiently during price milestones, it often signals confidence in market conditions and reinforces upward sentiment across the network.
Miners are among the most informed participants in the ecosystem. Their ability to hold or sell is directly tied to production costs and network health. The fact that many are cashing out profitably suggests they believe current prices are sustainable—or even conservative—within the broader uptrend.
Historically, periods of sustained miner profitability have been followed by extended bullish phases. As selling pressure from miners tends to stabilize after profit realization, reduced supply in the open market can further amplify price increases.
Institutional Demand: ETF Inflows Surge
While on-chain and technical indicators provide internal validation of strength, external demand—particularly through Bitcoin spot ETFs—has become a dominant force shaping market dynamics.
U.S.-based spot Bitcoin ETFs have seen a significant uptick in inflows, with $381.3 million entering funds on April 21 alone. These products offer regulated, accessible exposure to Bitcoin for institutional and retail investors alike—removing many barriers previously associated with direct crypto ownership.
ETF inflows remained stable throughout Q1 2025 and have since accelerated, reflecting growing confidence in Bitcoin as a long-term asset class. Regulatory clarity has played a major role in this shift, with more traditional financial players now viewing crypto as a legitimate diversification tool.
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The recent breakout from a falling wedge pattern on price charts further validates this momentum. Combined with strong weekly gains—nearly 12%—and consistent net inflows, the technical and fundamental foundations for a move toward $100K appear increasingly solid.
Market Sentiment and Macro Drivers
Beyond technicals and flows, broader macroeconomic sentiment is also tilting in Bitcoin’s favor. Some analysts point to shifting political narratives—such as former President Trump’s increasingly supportive stance on cryptocurrency—as contributing to improved market psychology.
While policy shifts don’t directly impact price, they influence regulatory expectations and investor confidence. A pro-crypto political environment may encourage further innovation, investment, and adoption across the digital asset space.
At the time of writing, Bitcoin hovered near $94,740**, reflecting a **2% daily gain** and steady progress toward **$95,000. Although short-term consolidation remains possible, the overall trend remains firmly bullish.
Frequently Asked Questions (FAQ)
What is the MVRV Golden Cross?
The MVRV Golden Cross occurs when Bitcoin’s Market Value to Realized Value (MVRV) ratio crosses above its 365-day moving average. It typically signals that BTC is undervalued relative to its long-term cost basis and often precedes strong price rallies.
Why are miner profits bullish for Bitcoin?
When miners lock in profits after price surges, it indicates confidence in market stability. Historically, such events correlate with continued bullish momentum, as strategic selling reduces future supply pressure and reinforces investor trust.
How do ETF inflows affect Bitcoin’s price?
Spot Bitcoin ETFs increase institutional demand by offering regulated access to BTC. Sustained inflows signal growing mainstream adoption and inject consistent buying pressure into the market, supporting higher valuations.
Can Bitcoin really reach $100,000?
Multiple indicators—including technical patterns, miner behavior, ETF demand, and macro sentiment—suggest that $100K is within reach. While short-term volatility is expected, the confluence of bullish forces makes this target increasingly plausible.
Is now a good time to invest in Bitcoin?
Bitcoin remains a high-risk, high-reward asset. While current signals are positive, investors should conduct thorough research and consider their risk tolerance before entering any position. Dollar-cost averaging can help mitigate volatility risks.
What happens after Bitcoin hits $100K?
Past performance suggests new all-time highs often lead to consolidation before further upside. However, increased adoption, halving supply dynamics, and institutional inflows could extend the rally well beyond $100K in subsequent cycles.
Final Outlook: Toward $100K and Beyond
Bitcoin stands at a pivotal juncture where technical strength, miner activity, and institutional demand are converging like never before. The MVRV Golden Cross provides a data-backed foundation for optimism, while miner profitability reflects confidence from those closest to the network.
Meanwhile, ETF inflows continue to grow—demonstrating that Wall Street is not just watching but actively participating. With macro sentiment improving and on-chain metrics supporting sustained momentum, a move above $100,000 appears less like speculation and more like an emerging inevitability.
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While no price prediction is guaranteed, the current alignment of indicators suggests that Bitcoin’s next major milestone may be closer than many expect.
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