Bitcoin is expected to reach new peaks in 2025.

After a brief pullback, Bitcoin fell to $93,500, with market signals continuing to point towards a strong long-term outlook. Robust institutional inflows and Bitcoin's increasing dominance indicate that the potential to hit an all-time high in 2025 is steadily progressing.
The new trading week started with a 4.3% pullback in Bitcoin, sliding from the peak of $97,900 near May 2 to $93,500. Although the price recovered to around $94,000 on May 5, some traders remain cautious as they believe institutional buying is insufficient to sustain the upward momentum. Nevertheless, the potential market dynamics still support a bullish long-term trajectory.
Bitcoin currently accounts for 70% of the total market value of cryptocurrencies, marking the highest dominance since January 2021. Despite the recent launch of a wave of new altcoins, including SUI, Toncoin(TON), PI, Official Trump(TRUMP), Bittensor(TAO), Ethena(ENA), and major projects like Celestia, this situation has still arisen (TIA). However, these tokens have not diverted investors' attention from Bitcoin's solid fundamentals.

Bitcoin accounts for 70% of the cryptocurrency market value.
From April 22 to May 2, the total net inflow of spot Bitcoin ETFs reached $4.5 billion. At the same time, the demand for Bitcoin futures surged, highlighting the increased interest from institutions. According to CoinGlass, the total open interest in Bitcoin futures has reached 669,090 Bitcoins, a 21% increase since March 5. At the Chicago Mercantile Exchange (CME) alone, the open interest has exceeded $13.5 billion, clearly indicating that the participation of institutional players is on the rise.
Nevertheless, certain factors may affect the short-term momentum of Bitcoin. Although the U.S. Strategic Bitcoin Reserve Act was announced on March 6, the government has not disclosed its holdings of Bitcoin or outlined any future purchasing plans. Furthermore, at the state level (such as Arizona), some Bitcoin-related bills have failed to pass, slightly dampening market sentiment.
Despite these challenges, overall data indicates that Bitcoin is in a healthy accumulation phase and is likely to reach an all-time high in 2025—especially if institutional capital continues to flow in at the current rate. #BTC重返97k#