Macroeconomic and liquidity backdrop makes 96,000 not aggressive

From a macro perspective, pricing BTC at 96,000 is not considered aggressive; rather, it aligns with the current global liquidity environment. The core factor driving BTC's upward movement is not short-term positive news but changes in long-term monetary credit expectations.

Against the backdrop of high debt and high deficits in major global economies, long-term concerns about fiat currency purchasing power have not disappeared. Even though there are short-term interest rate fluctuations, structural easing expectations still exist, and BTC, as a non-sovereign, verifiable scarce asset, naturally possesses allocation attributes.

Unlike previous bull markets, this round of BTC has not experienced a comprehensive "altcoin frenzy," but instead, capital is highly concentrated in BTC itself. This structural market pattern often indicates that the market has not reached the end but is in a valuation anchoring stage. When funds are willing to accept BTC prices above 90,000, it suggests that its asset attributes are being re-evaluated.

The significance of 96,000 lies in testing the market's psychological acceptance of "six-figure BTC." Once this price range is repeatedly traded and gradually normalized, subsequent price anchoring will naturally shift upward.

From this perspective, 96,000 is not the ultimate goal but the first threshold under a new valuation system.
#BTC冲击96,000美元