Bitcoin maintains the 100,000 Dollar range for 6 weeks, as hedging demand may expand amid the Israel-Iran situation.

! ## Holds the $100,000 level for 5 weeks

Bitcoin (BTC) has maintained the psychologically significant level of $100,000 for over five weeks amid escalating tensions in the Middle East and increasing uncertainty in the macro economy. Its strong price movements, while other financial markets are stagnant, are seen as reaffirming its role as a macro hedge asset.

Elliott Johnson, CEO of Bitcoin Treasury Corporation, pointed out in an interview with The Block that Bitcoin is showing strength despite the Israel-Iran conflict and the cautious stance of the Federal Reserve. He stated that the $100,000 level has been “firmly” established, emphasizing its hedge function against the weakening Dollar and its growth as a long-term financial asset.

The FRB kept the policy interest rate unchanged on the 19th and revised down its forecast for interest rate cuts in 2025 to two times. While a sideways market is expected in the stock and bond markets, Bitcoin is moving in the opposite direction.

Additionally, Nick Packlin of Coin Bureau indicated that Bitcoin is expected to benefit the most from increased liquidity due to the anticipation of two interest rate cuts this year and the Bank of Japan’s continued quantitative easing policy. While institutional investors continue to buy aggressively, there is also growing caution among individual investors regarding early profit-taking.

Companies’ aggressive buying stance continues, with Michael Thaler’s Strategy Inc., the largest company owner, buying an additional $152 billion worth of assets last week. Companies such as Metaplanet in Japan also continued to buy, and spot bitcoin ETFs recorded inflows for eight consecutive days.

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