Bitcoin (BTC) price reclaims the $100,000 threshold, reaching its highest levels since January

Bitcoin (BTC) price returned above the $100,000 threshold this week, reaching its highest levels since January as prominent investors continue advocating for cryptocurrency adoption

Bitcoin (BTC) price returned above the $100,000 threshold this week, reaching its highest levels since January as prominent investors continue advocating for cryptocurrency adoption amid changing market dynamics.

The world’s largest cryptocurrency changed hands at $103,608 on Saturday, gaining 0.6% for the day, following Thursday’s significant 6% surge. This price recovery comes after Bitcoin fell to as low as $76,273 in early April, representing a substantial rebound in recent weeks.

Why Is Bitcoin Price Going Up? Michael Saylor’s Market Rotation and Investor Behavior

MicroStrategy (NASDAQ:MSTR) founder Michael Saylor attributes Bitcoin’s inability to reach $150,000 yet to what he describes as a market rotation process currently underway.

“A lot of non-economically interested parties are rotating out of the asset,” Saylor said during an appearance on the Coin Stories podcast with Natalie Brunell. “At the same time, a new cohort of investors are entering.”

Saylor pointed to Bitcoin holdings that ended up in the hands of government entities, lawyers, and bankruptcy trustees who lack long-term investment perspectives. “Many of these trustees do not have a 10-year investors mindset,” he explained, noting they viewed the recent price rally as “a good exit point to get liquidity.”

The tech executive believes this selling pressure from short-term holders has temporarily capped Bitcoin’s price potential, even as institutional adoption through ETFs continues to grow. Spot Bitcoin ETFs posted $564.7 million in inflows over the past five trading days, according to data from Farside.

Corporate Treasury Strategy Gains Momentum

MicroStrategy has emerged as one of Bitcoin’s most prominent corporate backers, with the firm currently holding