Bitcoin Surpasses 93,000 USD: Is the Next Stop $100,000?

Since February, bitcoin has entered an endless consolidation phase, almost sluggish, oscillating between technical fatigue and strategic waiting. While some are beginning to feel disheartened by the drop below the legendary $90,000 mark, the king of cryptocurrencies seems to have regained its crown. This return is not coincidental. It aligns with the context of geopolitical easing, underlying monetary excitement, and institutional flows, if not spectacular, that are currently occurring continuously. In short, the planets are realigning, and bitcoin, like a digital phoenix, is rising once again. Bitcoin Again Surpasses $93,000 It has done it. Yesterday, bitcoin surpassed the symbolic threshold of 90,000 dollars once again, even reaching a peak of 93,573 dollars this morning in New York. A remarkable increase of 4.7% in a day, after a long period of decline. Staying true to the facts, this new high coincides with renewed optimism about the trade tensions between the United States and China. On one hand, Trump's belligerent rhetoric towards the Fed is easing. On the other hand, the market is catching a glimpse of a peaceful breeze regarding tariffs. The result: demand for risk assets is recovering and bitcoin is benefiting from it. According to Ryan McMillin, Investment Director at Merkle Tree Capital: Gold reacts immediately to global monetary growth (M2), while bitcoin reacts more slowly over 90 days. In other words: when gold skyrockets, be prepared to witness bitcoin explode right after that. Now, gold has fallen last night after a spectacular rise to $3,500 — an indicator, according to McMillin, of the potential for capital to shift to cryptocurrency. ETF And Whales Wake Up The Market But this move was not natural. The main catalyst for this price recovery remains the influx of money into spot Bitcoin ETFs, recording a net inflow of $381 million on April 21 alone — a record since January. The renewed interest from these institutions is even more significant as it compensates for the relatively low participation of small investors, who remain cautious.

However, the numbers reveal a different truth: this price increase is primarily driven by derivative products, not by the spot market. Open interest in futures has thus increased by $2.4 billion in less than 36 hours, indicating that leverage is operating at full capacity. A setup that has the potential to explode — in both directions. On a fundamental basis on-chain, the MVRV ratio (Market Value to Realized Value) attempts to stabilize above 2, a historically favorable level for sustainable profits. If this momentum continues, Hitesh Malviya, founder of DYOR Crypto, estimates that: Bitcoin could increase by an additional 70% to 80% in the next six weeks. A Global Signal in a Sea of Doubt The current momentum is not just limited to a strong price increase. It marks a turning point in terms of psychology. Bitcoin is no longer seen merely as a quirky safe haven or a speculative bet, but as a strategic tool in the larger currency games. As the global money printer operates frantically — and inflation threatens to occur in the long term — people are turning their attention to alternatives like bitcoin. This change is also taking place against the backdrop of geopolitical tensions, which, although still present, seem less explosive. The possibility of cooling the trade war between China and the United States is a signal that investors cannot ignore. That said, caution is the best policy. Bitcoin has shown that it can derail as quickly as it heats up. Volume on retail platforms remains weak and the price differential between gold, stocks, and cryptocurrencies is still very volatile. In just this week, $60 billion has flooded into the cryptocurrency market, while Wall Street suffered a massive loss of $1.5 trillion in just one day. The tectonic plates of finance are shifting. And bitcoin, once again, seems to be the epicenter.