Bitcoin Breaks Six-Figure Barrier, Signals Strong Bullish Trend

Bitcoin’s price surged past $100,000 on May 14, reaching a new all-time high and signaling continued bullish sentiment in the market. CryptoQuant analyst Axel Adler observed that Bitcoin’s realized price hovered around $45,000 while daily realized price yield ranged from 0.10% to 0.23%, indicating an annualized return of roughly 36% to 85%. This indicates a sustained bullish phase driven by solid fundamentals, as reflected in the positive returns on Bitcoin’s cost basis. Glassnode also reported a steady increase in Bitcoin’s realized capitalization over April, reaching nearly $30 billion, pointing towards renewed capital inflows and positive market sentiment.