Bitcoin Surges Above $87K Amid Institutional Buying

Bitcoin has surged past $87,000, reaching its highest level since early April 2025, driven by rising institutional interest and significant whale accumulation, including major purchases by MicroStrategy. Over 60 new wallets holding at least 1,000 BTC have appeared since March, underscoring renewed market confidence despite persistent volatility and unrealized losses. The rally is further supported by global liquidity expansion, a weakening US Dollar, and increased demand for safe-haven assets, as evidenced by gold hitting a record $2,350 per ounce. Technical indicators, such as high RSI and bullish MACD crossovers, suggest strong buying momentum, but analysts warn that short-term holders are selling at a loss and that macroeconomic risks contribute to ongoing market uncertainty. Optimistic forecasts point to potential moves toward $120,000 or higher if key support levels hold and liquidity injections continue. Nonetheless, trading remains highly speculative, with sentiment divided between expectations of further gains and possible corrections.