Bitcoin Hits All-Time High

Bitcoin reaches $124,000 and moves above the 200-week moving average, signaling a potential long-term bull run backed by institutional demand.

Bitcoin Sets New Record in 2025

Bitcoin has broken past $124,000, marking its fourth all-time high of the year. Glassnode data shows that the realized price has moved above the 200-week moving average (200WMA) for the first time since 2022, a signal historically tied to extended bull markets.

The realized price represents the average purchase cost of all circulating bitcoins, calculated based on the price at their last on-chain transaction. It now stands at $51,888, exceeding the 200WMA at $51,344.

Why This Matters for Investors

In past cycles, such as 2017 and 2021, this technical shift marked the start of long-term growth phases. The 200WMA acts as a critical support line during bear markets and is rarely breached, except during extreme downturns like the FTX collapse in 2022.

Reclaiming this level in 2025 strengthens market confidence and suggests a bullish continuation. If history repeats, Bitcoin could set further records, driven by institutional adoption and favorable macroeconomic factors.