Bitcoin (BTC) Decoupled from Traditional Markets, Leaps to $95K Targeting $100K

Bitcoin regained the $95,000 mark on November 26, following a brief dip below $91,000. This 5% rally over two days marked a significant shift away from

Bitcoin price surged past the $95,000 mark on November 26, following a brief dip below $91,000. This 5% rally over two days marked a significant shift away from its prior correlation with U.S. Treasury yields.

Earlier in November, CNF reported that Bitcoin was poised for a major surge as exchange balances hit a five-year low.

In brief, Bitcoin’s rally to $100K is supported by (1) decoupling from traditional markets, (2) global economic uncertainty, (3) institutional ETF inflows, and (4) bullish miner activity. Moreover, Bitcoin’s narrative as a scarce, uncensorable asset is gaining traction amid global economic uncertainties.

As major economies face growth challenges, investors are turning to Bitcoin, boosting its prospects of reaching $100,000 before the year ends.

Global Economic Woes Strengthen Bitcoin Narrative

Economic concerns in France and Russia are bolstering Bitcoin’s narrative as a safe-haven asset. France faces rising debt yields and political turmoil, while Russia grapples with 8.5% inflation and a weakening ruble.

Meanwhile, inflows into U.S. spot Bitcoin ETFs, including Fidelity’s and Bitwise’s funds, reversed a two-day outflow streak, injecting $103 million on November 27. These developments highlight growing institutional interest in Bitcoin, further solidifying its bullish outlook.

Miner Activity Shows Confidence in Bull Market

Bitcoin miners are signaling confidence in the ongoing bull run as miner-controlled addresses resume accumulating BTC after 10 days of outflows, Glassnode data shows. This miner accumulation often indicates optimism about future price performance.

Additionally, institutional conviction in Bitcoin’s long-term potential is evident in MicroStrategy’s ambitious plans to hold 4% of Bitcoin’s total supply by 2033.

Together with strong on-chain data and institutional momentum, Bitcoin’s trajectory toward $100,000 appears increasingly plausible. At press time, Bitcoin (BTC) trades at $95,009.43, having surged by 1.57% in the past day and decreased slightly by 3.07% in the past week.