Bitcoin Surges Past Three-Month High as Risk Environment Clears
Bitcoin has reached its highest price in over three months, hitting $79,388 on Wednesday. This milestone comes as Glassnode's Risk Index falls to zero, indicating a cleared risk environment for Bitcoin.
The Moderate Strategy tracker, which monitors upside momentum and market conviction, shifted from 'Moderate' to 'High Confidence.' Sustained inflows into Bitcoin exchange-traded products and active buying in spot markets have reinforced this reading.
Lacie Zhang, research analyst at Bitget Wallet, notes that the current setup is an excellent window for strategic accumulation rather than chasing deeper dips. She believes improving market structure and institutional demand support a strong conviction for Bitcoin to reach a new all-time high by the end of 2026.
Jeff Mei, COO of BTSE, expects easing geopolitical tensions will continue to support bullish momentum in the near term.