BTC broke the record of 87,000, analysts called for the end of the bear market, and the target was 100,000

According to Woofun AI, the price of Bitcoin broke through the $87,000 mark for the first time. This core breakthrough was driven by strong optimism and a growing FOMO (fear of missing out) mentality, marking the official entry of the market into a state of extreme greed.

The multi-asset price performance showed a comprehensive linked upward trend. The price of Ethereum climbed to its highest point in nearly 10 months, hitting $2,800; Ripple and Dogecoin also saw sharp increases. In traditional financial markets, crypto-related stocks also performed strongly: MicroStrategy (MSTR) (MSTR.US) shares rose 9.47%, and Bitmine Immersion Technology (BMNR) (BMNR.US) shares rose 8.70%.

According to data compiled by Woofun AI, more than $1 billion of positions were closed in the cryptocurrency market in the past 24 hours, of which bearish short positions worth $8.4 billion were liquidated, while the number of open Bitcoin contracts increased by 8.44% in 24 hours, which usually means strong bullish momentum and new capital inflows. The total global cryptocurrency market capitalization reached $2.91 trillion, up 4.28% from the previous 24 hours. The traditional stock market started the new trading week strongly: the Dow Jones Industrial Average rose 366.19 points, or 0.71%, to close at 52,048.83 points; the S&P 500 rose 1.49% to close at 7,764.70 points; and the Nasdaq Composite rose 2.26% to a record high of 27,122.09 points.

In terms of the geopolitical context, Iran proposed to the US the conditions for restarting negotiations to end the war. Meanwhile, Donald Trump told Fox News that he is likely willing to meet Iranian President Masood Pezerhizyan at the UN General Assembly this week. Well-known cryptocurrency analyst and trader Michael van der Poppe said that Bitcoin's rally will not stop in the short term, and the next price target is $90,000 to $91,000, and it may even rise further to $98,000 to $100,000. He stressed that the anti-trend should not be gambled and asserted that the bear market was over.

Santiment warns that cryptocurrencies tend to punish excessive expectations, and there is a consensus that 'prices will continue to rise' when prices approach local highs. The current bullish rhetoric about Bitcoin has reached its highest level since 2024, and the market atmosphere has completely changed to optimism. The bullish sentiment far outweighs the bearish view. Despite being suppressed by large-scale short positions, the price of Bitcoin is still approaching $87,000. This extreme sentiment may indicate an increase in the risk of short-term volatility.