Bitcoin Hits New All-Time High of $110,000 Driven by Bullish Trends and Strong Investor Conviction

Bitcoin’s record price surge past the $110,000 mark showcases significant bullish momentum. This recent rally is fueled by robust real capital movement, including a notable increase in realized cap, and consistent technical patterns. The $934.88B realized cap signals strong conviction from long-term holders who are accumulating Bitcoin rather than distributing during market volatility. A surge of over $50 billion in crypto market capitalization on June 9th further confirms this robust inflow, marking a significant strength in the Bitcoin market.