Bitcoin Exceeds $111,000 Driven by Institutional Demand

Cryptocurrency markets are rallying amid growing institutional demand and strong inflows into ETFs, according to Benzinga. Retail investors remain largely sidelined, a dynamic analysts say could leave room for further gains. Data from IntoTheBlock shows large transaction volume declined 22.1%, while daily active addresses rose 7.7%. High-value transactions over $100,000 climbed by 2,091 in one day, and exchange netflows surged 332.7%. CryptoCon forecasts a key breakout level at $115,000, with potential to exceed $200,000. dMore Crypto Online anticipates a breakout toward the $115,000 “circle wave 3” target. Crypto Seth urges caution, noting that pullbacks wiping out $1.5 to $2 billion in open interest are typical before new highs.