Bitcoin’s price has soared to an unprecedented high, surpassing $111,800. This latest milestone marks a significant 2% increase from its previous record set in mid-January at $109,600. Analysts are divided on this surge. While long-term investors remain optimistic, signs of potential selling pressure are emerging as Bitcoin’s price touches new highs. On-chain metrics suggest that despite the bullish momentum, some traders may prepare for short-term volatility based on historical trends. 2% increase in price from its previous all-time high indicates market momentum, while the open interest has reached levels comparable to December 2024. These factors have led to increased speculation and potential volatility as Bitcoin’s prices continue to climb.