#BTC100kNext?

When markets shift from “capital preservation” to “return seeking”: • Real yields ease

• Liquidity expands

• Risk appetite returns

BTC is usually the first absorber of that flow.

What strengthens the bullish case:

Strong spot demand

Supply held by longterm holders

BTC acting as a macro hedge, not just a trade

Historically, BTC doesn’t grind into new highs

it reprices when conditions align.

If global liquidity loosens and expectations turn dovish,

100k becomes less of a question of if — and more of when.

Trend follows liquidity.

Liquidity follows macro.

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