Min Jung, an analyst at Presto Research, pointed out that the rally was mainly driven by the accumulation of funds from companies such as Strategy, Metaplanet and Twenty One Capital, indicating that the current bull market is more driven by institutional and long-term capital than retail speculation. Roshan Robert, CEO of OKX US, believes that Bitcoin's rise is the result of a combination of factors such as corporate reserve strategies, a surge in ETF inflows, macroeconomic uncertainty and favorable regulatory signals. Presto Research maintained its 2025 bitcoin price target of $210,000, published in late 2024.
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.