The crypto world feels…quiet. Too quiet, almost. After the heady excitement of new all-time highs, we’re in something of a calm spell. Bitcoin’s current price of $84,000 may tempt you to think otherwise. This isn’t the end, it’s the calm before an incredibly lucrative uprising. In fact, looking at the data, I'm increasingly convinced $110,000 is not just possible. It's inevitable.

Okay now, don’t run out and mortgage your house just yet—hold on just a second. Crypto is volatile. Even our own UK regulators, as cautious as they come, would tell you to go slow on that. I’m not a financial advisor—this isn’t financial advice. As someone who's been watching this space for years, here's why I'm bullish – and why you should be paying attention.

Institutional Money Is Creeping Back In

Recall the rush from Bitcoin ETFs not too long ago? Just as quickly FUD (Fear, Uncertainty, and Doubt) spread like wildfire, and the price plummeted. Guess what? The tide is turning. After two straight days of net inflows—cumulative net inflow of more than $76 million. BlackRock's IBIT is leading the charge. That’s not chump change.

Think of it like this: imagine a successful restaurant. Or it has a couple of down days, or a week at most. Does that mean it’s closing up shop for good? No. That’s not some magic result, it just means people were able to do without for a few months at most. Over time, they start to re-discover what made them fall in love with it in the first place – the craftsmanship, the expertise, the sheer value. The same is true for Bitcoin ETFs. Institutional investors are starting to understand the long-term play and they are coming back for more.

This is more than just a blip. It signals renewed institutional confidence. And when that big money starts flowing, it can often create a powerful current. This isn’t only about hope or speculation, but rather validation. When large institutions are betting on Bitcoin, that’s a very big vote of confidence.

Futures Traders Are Still Betting Big

The recent price dip? A blip. A minor inconvenience. Look at the futures market for confirmation. Positive Bitcoin Net Taker Volume indicated by Binance data. Translation? Futures traders are aggressively bullish. They’re not just passively holding, they’re actively buying, they’re creating demand, expecting the price to rise.

Hold on, some are going to say, “Open interest is falling! True, it’s net fallen by 5%, a sign that some traders are in the process of closing packable leveraged positions. But that's a good thing. It washes out a lot of the froth and helps lay the groundwork for a more sustainable period of growth. It’s no different than pruning a tree – you REMOVE the dead branches to let the healthy ones thrive.

The underlying sentiment is overwhelmingly bullish. Call options outweigh puts. Funding rates are positive. These are not merely impressive numbers, they are future telling whispers from the market alerting us to where it is going. And it's pointing upwards.

History Rhymes, $110K Is Calling

Here's where it gets interesting. Remember Dave the Wave? The same analyst who accurately forecast the 2021 Bitcoin crash or so Deaton thought—until he started noticing what could be an inverse head-and-shoulders pattern, setting up a rally to $110,000.

Now, as you all know, I’m not a prediction-taker-for-granted. But Dave's track record is impressive. And the number he’s seeing fits with other leading indicators. Another indicator, the 30-day Bitcoin Market Value to Realized Value (MVRV) Ratio, has just recently reached a six-month low. In previous bear markets, this threshold has indicated a near-term price bottom.

Imagine it just like a rubber band stretched to its breaking point. Eventually, it snaps back. Bitcoin’s MVRV ratio has been telling us that it is primed to snap.

Here's an unexpected connection: a 90-day pause on tariffs for most countries coincided with the beginning of Bitcoin's recovery phase. Coincidence? Maybe. It underscores the tenuousness of the global economy and how little things in far-off places can affect the entire crypto landscape.

Ok, ok, now before you start jumping all over the place and buying your flights, let’s address the elephant in the room. That latest 3% price drop did erase $40 billion from the total crypto market cap. Volatility is, after all, the monster that’s always under your bed.

The peace on the Bitcoin market these days is an illusion. Positive Net Taker Volume, the return of ETF inflows, and historical patterns all suggest a significant rally is on the horizon. Taking this speculation to the next level, analyst Dave the Wave has been making predictions of a peak of $110,000 for Bitcoin.

  • Risk Mitigation: Diversify your portfolio
  • Stop Loss: Set stop-loss orders
  • UK Regulator: Consider the UK's more cautious approach to crypto regulation

Remember the inherent risks. Do your own research. Never invest money you can’t afford to lose. This isn't a guaranteed ticket to riches.

If you’re willing to ride out the tempest, the possibility of riches might be great. $110,000 might just be the beginning.

However, remember the inherent risks. Do your own research. Don't invest more than you can afford to lose. This isn't a guaranteed ticket to riches.

But…if you're prepared to weather the storm, the potential rewards could be substantial. $110,000 might just be the beginning.