BTC has risen above 110,000 USD》Spot ETF saw a net inflow of 1.68 billion over five days, is the market overheated? Analyst: Volume is the key

Bitcoin hit another all-time high this morning, and analysts judged that in order for BTC to reach a real sustained breakout, the trading volume should best remain high for many days, showing a double increase in volume and price. Bitcoin breaks all-time high, OKX spot reaches $109,457! Binance market is 0.2% worse) (Background added: Standard Chartered Bank: Institutions are buying micro-strategies aggressively (MSTR) deploying Bitcoin, looking at $500,000 on BTC in 2029) Bitcoin writes a new all-time high! After seven o’clock this morning (22nd), Bitcoin successfully touched $110,804 in the OKX market price, which also added glory to the annual Bitcoin Pizza Day. Cointelegraph reports that bitcoin has now entered a breakout range that is usually accompanied by sustained explosive rises. The Bitcoin Quantile Model shows that the current market is showing a similar “heat” to the highs driven by spot ETFs after Trump’s election and in the fourth quarter of 2024. It is stated that the model uses quantile regression to delineate the Bitcoin price phase on a logarithmic scale, showing that Bitcoin is currently in the “transition zone”, which is a key node before entering the “acceleration phase”. (The chart below is a bit like a Bitcoin rainbow chart, but the two are used differently) The article points out that once it enters the “acceleration phase”, it may trigger the next wave of bitcoin’s rally. The model predicts that Bitcoin may gradually reach the price levels of $130,000 and $163,000 in the coming months. In addition, anonymous analyst apsk32 based on the bitcoin “power curve” believes that the bitcoin price will break through $200,000 in 2025 is a completely “reasonable” expectation, noting that since April, bitcoin’s status vis-à-vis gold has increased significantly. At the same time, data analysis also shows that the Sharpe ratio of Bitcoin to gold has recently converged. Jurrien Timmer, global macro director at Fidelity, also suggested that investors can use a 4:1 gold allocation ratio to mix investments. Trading volume becomes the key to breakthrough However, we know that last night, under the suspicion that the US government’s fiscal deficit was aggravated by Trump’s new tax reform system (if passed, the US will expand the deficit by $3.8 trillion in the next decade), the US 20-year Treasury bond auction bid rate rushed to 5.047%, hitting a new high since the second half of 2023, accelerating the withdrawal of funds from the stock market, and the four major indexes fell across the board. Cryptocurrency researchers analyzed that if bitcoin wants to achieve a sustained breakthrough in the true sense, it is best for the trading volume to continue to maintain a high point for many days, showing a double increase in volume and price, which will be a key indicator to measure whether it can continue to break through. At present, the US spot bitcoin ETF continues to attract a large amount of funds, and only two days after entering May are net outflows, and the amount of funds is not large, which continues to help bulls and form support for prices. In addition, CryptoQuant data shows that retail investor demand accounted for only 3.2% on May 21, far below the 30% level in December 2024, indicating that retail investor participation has not yet peaked, which may bring new funds to the rally. Related reports Wall Street bullish bitcoin mining company Core Scientific shares rise another 60%: eat AI computing power dividends Analysts disassemble the law of bitcoin’s ladder rise: the next target price is $115,000 JPMorgan CEO: Will allow customers to buy bitcoin and unlock $4 trillion in purchasing power? “BTC Station $110,000” spot ETF five-day net inflow of 1.68 billion magnesium, is the market overheated? Analyst: Trading volume is the key" This article was first published in BlockTempo’s “Dynamic Trend - The Most Influential Blockchain News Media”.