He raised the new one

Bitcoin, the leading cryptocurrency, has once again attracted attention after reaching a new all-time high of $109,699.

With the $110,000 milestone in sight, Bitcoin's recent price action is being closely watched by investors. A combination of sustained market conditions and renewed institutional interest has positioned the king of crypto for historic gains.

Bitcoin investors are bullies

Market sentiment has changed significantly in recent weeks, especially in the context of Coin Days Destroyed (CDD). In the year The end of 2024 saw a period of high CDD, indicating a surge in activity among Bitcoin long-term holders (LTHs) cashing out during the rally.

However, January brought a significant cooling in CDDs, indicating a reduction in selling pressure from these key investors. This trend suggests that most of the profit-taking among LTHs is over, paving the way for a stable price move.

A low CDD is often interpreted as a positive sign for Bitcoin's recovery. It reflects confidence among long-term investors in holding onto their coins rather than selling them into the market. Such investor behavior creates confidence and supports higher price momentum, providing a good backdrop for Bitcoin to push towards $110,000 and beyond.

Bitcoin's macro momentum has gained strength, fueled by the accumulation of small investors, often referred to as “shrimps” and “crabs”. These holders of less than 10 BTC have added up to more than 25,600 BTC worth approximately $2.71 billion. This increase in inventory is a sign of growing confidence among retail investors.

The shrimp-to-crab balance rate shows broad support for Bitcoin's value. This rising demographic reflects a long-term trend of bullying. Their buying activity often stabilizes the market, acts as a cushion during corrections and accentuates price rallies during breakout levels.

BTC Price Prediction: To New Highs

Bitcoin's recent high of $109,699 was fueled by market fundamentals and strong investor sentiment. If the momentum continues, the cryptocurrency could breach the $110,000 mark, cementing its position as the top-performing asset in 2025. This phase could attract more buying interest, reinforcing Bitcoin's bearish outlook.

To secure the breakout, Bitcoin needs to establish $105,000 as a strong support level. Currently trading at around $105,562, the crypto king seems to be well on its way to achieving this. A successful defense of this support zone can move Bitcoin to new highs, opening up more upside potential.

However, failure to maintain the $105,000 as support may result in a reversion to $100,000. Such a decline would erase Bitcoin's recent gains and weaken its short-term bullishness, raising the risk of an extended period of consolidation before a renewed rally.