MEXC CEO Vugar Usi Zade states that Bitcoin has entered a sustainable bull cycle, fundamentally different from previous speculative cycles, with institutional adoption as the main driver. Bitcoin has recorded a 32% recovery over 90 days, with major institutional accumulators like Wintermute transferring 1,162 BTC to five new wallets and $175.69 million in daily net inflows into spot ETFs. Data also shows that 60 publicly traded companies collectively hold 1.27 million BTC, valued at approximately $105.53 billion, with weekly exchange outflows reaching $116.14 million. Zade estimates that Bitcoin could reach $176,000 if institutional demand remains elevated, with the $80,000 level serving as a fundamental support established by established investors.
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