- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Top 3 reasons Bitcoin price will soar to a new all-time high
By: cryptosheadlines|2025/05/04 05:45:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin price resumed its upward trend this week as it crossed the important resistance at $97,000 and reached its highest level since February. Bitcoin (BTC) was trading around $96,500 at last check Saturday. That’s up 30% from the lowest in April. This article looks at some of the top three reasons it may surge to a new all-time high this year.Bitcoin supply in exchanges is fallingThe first main bullish aspect is that the supply of Bitcoin on exchanges has tumbled to 1.42 million, the lowest level in over six years. There are now 1.42 million coins on centralized exchanges, its lowest level since November 2018. The supply stood at 3.21 million at its highest level in 2018. More data shows that the supply of Bitcoin outside of exchanges jumped to 18.43 million. These numbers mean that investors are not selling their coins, which may lead to a supply squeeze as demand continues rising. Some of the top Bitcoin holders have no intention to sell any time soon. Michael Saylor’s Strategy, which holds over 2% of the total supply, is continuing to buy. Similarly, top companies like Coinbase, Tesla, Galaxy Digital, and Block have not hinted that they will sell.BTC supply on exchanges | Source: SantimentRetail and institutional demand is highThe other top reason why the price of Bitcoin will likely keep rising is that retail and institutional demand continues to increase. One indicator of this is Bitcoin exchange-traded fund inflows. SoSoValue data shows that Bitcoin ETFs have had only four months of outflows since their inception in January last year. Bitcoin ETF inflows | Source: SoSoValueThese funds have cumulatively added over $40 billion in assets. Blackrock’s IBIT has $60 billion in assets, while Fidelity’s FBTC and Ark Invest’s ARKB have $20 billion and $19 billion, respectively. Rising ETF inflows are a sign of institutional demand in the U.S. Further, there are signs that the next phase of demand will come from countries seeking to diversify from the U.S. dollar. These supply and demand dynamics explain why analysts are highly bullish on Bitcoin. Standard Chartered analysts see the coin jumping to $200,000, while Ark Invest expects it to jump to $2.4 million in 2030. In addition, Bitcoin’s demand is expected to rise as trade tensions ease. Bitcoin price technical analysisBTC price chart | Source: crypto.newsFinally, Bitcoin’s price has strong technicals that may push it much higher in the long term. It has remained above the ascending trendline, connecting the lowest swings since Aug. 5 last year. Bitcoin has jumped above the key resistance level at $88,690, the neckline of the double-bottom pattern. It has also jumped above the 50-day and 100-day Exponential Moving Averages. Therefore, there are signs that it is gaining momentum, which will push it above $100,000 first and then to its all-time high. Source link
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App