#比特币价格走势 Recent opinions on Bitcoin are clearly polarized, but the long-term bullish consensus among institutions is strengthening.

Let's break down the core signals: If MicroStrategy's holdings reach 5% of the total supply, their logic suggests Bitcoin could rise to $1 million; Galaxy Research team predicts $250,000 by the end of 2027; Wang Feng argues from a macro currency depreciation perspective that breaking through the imagined price is inevitable. These three perspectives point to the same conclusion—long-term upside potential.

However, what needs attention is that options market data reflect high uncertainty about the outlook before 2026, with nearly equal probabilities of dropping to $50,000 and rising to $250,000. What does this indicate? Short-term volatility risks still exist, and although institutions continue to enter, market pricing is still in a state of negotiation.

From an on-chain perspective, recent whale holdings changes and capital flows are key. MicroStrategy's repeated signals of increased holdings are just statements; the real turning point should be observed in the actual accumulation speed of institutions and the inflow rhythm of retail funds. Whether the $100,000–$105,000 range can hold steady now directly affects subsequent upward momentum.

The long-term bullish logic is self-consistent, but don't be fooled by high predicted prices; the focus should be on tracking the certainty of incremental capital entering the market.