Bitcoin (BTC) has strengthened over $ 100,000 confidence in predictions that it will put the highest new level (ATH) soon.
Based on the data on the chain, accumulation trends, and market morale, there are several convincing reasons for the belief that Bitcoin may reach a new peak. This article analyzes five main reasons that support this prediction.
5 Reasons for Bitcoin’s leadership towards a new ATH in May
The first reason is the accumulation of whales during the month of May. Data from Glassnode shows that all sizes accumulate BTC activity. This trend “CowTOTE” is explained by the “CowTORTE” direction.
In early April, accumulation was mainly limited to the large whale governor with more than 10,000 BTC. But by May, the direction of accumulation spread to a smaller governor between 100 and 1000 BTC. Meanwhile, wallets with less than 100 BTC also showed an increased accumulation activity, reflected in faded red colors on the graph throughout May.
In addition, Santim Reports That in the past thirty days, the whale governor has accumulated another 83,105 BTC. this accumulation Help the heart of the elaborate delta into a positive area, giving bitcoin momentum to push up.
“The aggressive accumulation of these large portfolios-this may be a matter of time until the Bitcoin level of $ 110,000 is penetrated at all, especially after the US tariff and China stopped”, Santiment Propagate.
The second reason is that the non -liquid offer in Bitcoin has reached a record level of 14 million BTC, which is worth more than $ 1.4 billion.
The height of the non -liquid supply indicates that the long -term investors are tightly holding to Bitcoin. They have no intention for sale in the short term. Thus, this reduces the circulating supply, and with high demand, the Bitcoin price can ease more easily.
The third reason comes from young investors. Although a new wave of retailers has not yet shown completely, Cryptoquant Reports The size of the retail trade on Binance – the largest exchange exchange in the world – began to recover after a period of decline.
In addition, Carmelo Aleman, an analyst at Cryptoquant, too, too Note Although the retail volume has not yet extended, it has shown positive signs.
“In the coming months, with increased retail sharing, we can expect to see growth in active headlines, UTXO, and standards such as new addresses and the size of transportation, which reflects the continuous expansion of the ecosystem for encryption,” Alemán Propagate.
Fourth reason, analysts closely monitor the relationship between the price of Bitcoin and the M2 Global Money.
According to Crypto Colin Talks Crypto, growth predicted in M2 – a scale of cash from central banks such as the Federal Reserve, ECB and BOJ – accurately from Bitcoin’s height from $ 76,000 to $ 105,000 since April 8. Based on this trend, Colin can reach $ 120,000 in May.
“Bitcoin is still on the right way with Global M2. $ 120,000+ by the end of May?” Colin He said.
This link is not new. Historically, Bitcoin tends to benefit and rise sharply when global liquidity increases. Given the current total economic conditions, the critical supply may continue to fuel bitcoin growth.
Finally, the Polymarket Prediction Market explains that the possibility of reaching Bitcoin reaches a new ATH in May may increase from 11 % to 60 %, currently 51 %. Polymarket allows users to bet on future events, and this shift reflects the increasing optimism in society.
With the growth of confidence in Bitcoin’s rising capabilities, it can lead to the effect of FOMO (fear of loss). This may attract more investors and pay prices up.
In fact, Bitcoin has already achieved new ATHS in countries like Türkiye and Argentina, where local currencies decreased sharply. Experts such as billionaire Tim Driber Predispay Bitcoin will reach $ 250,000 by the end of 2025. Besides, Bitcoin Standard Charted can reach $ 120,000 in the second quarter.
Disintegration
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