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Bitcoin Sell-off up to $ 93.5K is a short hiccup — data still supports new High BTCs by 2025

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Key Takeaways:

  • The price of bitcoin is slipping, but BTC’s dominance is rising.

  • Lots of purchases by strategy and the BTC ETFS area features institutional investment for Bitcoin.

Bitcoin’s (Btc) The price dropped 4.3% in the last three days after nearly $ 97,900 on May 2. Despite showing stability at $ 94,000 level on May 5, some entrepreneurs failed that strong institutional flow was not enough to maintain the bullish momentum. However, many encouraging signs suggest that a new all-time high for Bitcoin in 2025 remains to be reached.

Sharing the Bitcoin market does not include stablecoins. Source: TradingView / Cointelegraph

Bitcoin’s dominance in the broader cryptocurrency market has grown, currently standing at 70%, the highest since January 2021. This has happened despite a wave of new token launching, along with several leading projects such as Sui, Toncoin (Ton), Pi, Official Trump (Trump), Bittensor (Man), Ethhena (Ethena), Ethena (Ethena), Ethena (Ethena), Ethena (Ethena), Ethena (Ethea), and Tia). This dominance makes it less appealing -the riskier altcoins are in the new entering market.

SPOT BITCOIN ETF has been recorded $ 4.5 billion in net inflows Between April 22 and May 2. At the same time, an increase in appetite for Bitcoin futures signals that grow institutional adoption even if the action is used for downside protection or bullish bets.

The bitcoin futures aggregate open interest, btc. Source: Coinglass

According to coinglass, the whole Open interest In the Bitcoin Futures Markets have reached 669,090 BTC, an increase of 21% since March 5. Even after Bitcoin’s price dropped below $ 75,000 in early April, the demand for leveraged positions remained strong. The open interest in BTC futures in the Chicago Mercantile Exchange (CME) just exceeds $ 13.5 billion, indicating stable institutional demand.

There are many factors that explain why Bitcoin is struggling to recover a $ 100,000 level. The entrepreneurs to buy as hoping for the US Strategic Bitcoin Reserve The bill on March 6 was increasing in frustration, as the government had not yet revealed BTC handling or announced plans for further purchase. In addition, similar levels of Bitcoin bills have repeatedly failed, including the latest Setback to the US state of Arizona.

The approach doubles its plans for BTC acquisitions despite the global trade war

Over the past three months, gold has released most of the owners, rising by 16%, while Bitcoin refused 5%and S&P 500 corrected 6.5%. It challenged Bitcoin’s notion as a relentless owner, as cryptocurrency has repeatedly failed to rot from S&P 500 amid increased economic risks. The Global Trade War has led to investors in favor of fixed income income and cash positions.

5-year yield of US Treasury (left) compared to Bitcoin/USD (right). Source: TradingView / Cointelegraph

Bitcoin’s recent collapse at $ 94,000 is particularly about that approach, a company listed in the US led by Michael Saylor, announced the Taking 1,895 BTC On May 5, after doubling its capital increase plan to fund additional Bitcoin purchases. However, since investors have previously unsure about the ability of the approach to raise additional capital, the announcement of a $ 84 billion Plan On May 1, some of this risk reduced.

For Bitcoin to reach a new all-time high, investors are likely to be assured that US-China trade relationships are improving, as tariffs negatively affect the overall appetite. However, the main elements for a BTC bull run above $ 100,000 appear to be in place.

This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.