According to MilkRoadDaily, Bitcoin (BTC) has surged toward the $110,000 level, with traders highlighting persistent bullish momentum and reduced supply on exchanges (source: MilkRoadDaily, May 22, 2025). On-chain data indicates that many investors are still waiting for a significant correction, despite continued upward movement. This supply-demand dynamic suggests that further upside remains possible as sidelined capital may re-enter the market if price dips remain shallow. Traders should monitor exchange inflows and funding rates for signs of trend exhaustion or renewed buying pressure.