Bitcoin has been exciting to watch lately. After dropping to $74,000 not long ago, it’s bounced back above $100,000 again. The latest data suggests Bitcoin might not be done yet – it could be gearing up for a fresh rally and possibly a new record high.
Analyst Compares Bitcoin to Gold’s Recent Surge
On the CryptoQuant platform, analyst Ibrahim Cosar shared some interesting data about what might be coming next for Bitcoin. He looked at a metric called the Growth Rate Difference (the difference between market cap growth and realized cap growth). This basically tells us if there’s more buying than selling going on – and if prices are likely to keep rising or start falling.
When this metric turns positive (shown in green on his chart), it usually means the market is strong and investors are optimistic. Prices tend to go up because more people are buying and holding. When it’s in the red, it signals the opposite – that investors are worried and selling off, pushing prices down.
Cosar pointed out that Bitcoin recently shifted from red to green. That’s a promising sign, and he thinks it could mean Bitcoin is getting ready for another big jump, just like gold did recently when it shot up to record highs.
Bitcoin Market Shifting Away From Old Patterns
A couple of months ago, CryptoQuant’s CEO, Ki Young Ju, said he thought Bitcoin had already peaked and the bull market was over. But now, with Bitcoin’s impressive bounce back, he’s changed his mind.
Ju said that the old cycles of Bitcoin were driven by miners, whales (big investors), and everyday buyers. But this time around, it’s different. Now, exchange-traded funds (ETFs), companies like MicroStrategy (MSTR), and institutional investors are playing a much bigger role. In fact, as of mid-2025, Bitcoin spot ETFs in the US have already pulled in more than $60 billion in assets – showing how much big investors are getting involved.
Even so, Ju says the market is still “digesting” this new money and hasn’t fully found its footing yet. So while the recent price action is very positive, he’s waiting for a clearer sign before he makes any big moves.
The Big Picture
Right now, Bitcoin is hanging out just above $103,000, not moving much in the past day. But if the analysts are right, this might be the calm before another storm – and possibly the start of a new chapter for Bitcoin.
Past Lessons
We’ve seen similar moments in Bitcoin’s history before:
✅ In late 2020, Bitcoin jumped from $10,000 to $40,000 in just a few months – driven by growing institutional interest and hedge funds moving in.
✅ In 2017, Bitcoin soared from $1,000 to $20,000 as the public finally caught on to crypto.
✅ But each time, there were also big corrections – like the 2022 crash when Bitcoin plunged below $20,000 after the FTX exchange collapsed.
This time, with institutional investors like Goldman Sachs, BlackRock, and others joining the party through ETFs, the stage seems set for another strong run.
