Bitcoin's recent aggressive rally has the entire market on edge. It just broke a new high since 2026, with the price approaching $97,000, not far from the round number of $100,000. The driving force behind this surge is clear—institutional investors are aggressively accumulating, with daily net inflows into spot ETFs reaching $754 million. This figure is enough to demonstrate how optimistic big funds are about Bitcoin's future prospects.

However, the market's volatility is also rising in tandem. Social media is filled with regretful messages, the greed index is soaring, and FOMO sentiment is at its peak. Meanwhile, long positions on exchanges continue to accumulate; on the other hand, some analysts are sounding alarms, warning investors to beware of a potential pullback at this high level. The market is always a battle between bulls and bears.

From a technical perspective, $88,700 has become the most critical support level at the moment. As long as the price stays above this level, the overall upward trend remains intact, and any pullback could present a new opportunity. However, whether to buy the dip depends on individual risk preferences. Aggressive traders believe that entering at this position could witness the birth of $100,000; while conservative investors prefer to wait for a correction before entering, locking in profits at resistance levels.

The current situation depends on who can maintain a steadier mindset. Whether Bitcoin can smoothly break through $100,000 ultimately depends on whether the upcoming capital flow and market sentiment can be sustained.