As of May 2, 2025, the price of Bitcoin has been relatively active. Previously, Bitcoin broke through the 95000 USD mark, reaching a new high since February 24, with a cumulative rise of over 11% in the last 5 trading days. On May 2, Bitcoin broke through 97000 USD; however, there is significant Trading Volume between 96000 and 99000 USD, which indicates that the market may undergo a consolidation phase before testing the 100000 USD threshold.
Capital Flow and Market Sentiment: A large amount of funds has recently poured into Bitcoin. On April 23, the U.S. Bitcoin ETF recorded a net inflow of $917 million, the largest single-day net inflow since Trump took office, with over $2.6 billion in net inflows into Bitcoin ETFs within a week. In terms of market sentiment, Bitcoin and the US stock market have shown divergence. While the US stock market is experiencing panic fluctuations due to factors like tariffs, Bitcoin's rise remains strong, and its attributes as a risk asset are being downplayed, as it is being heavily bought as a safe haven for assets.
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As of May 2, 2025, the price of Bitcoin has been relatively active. Previously, Bitcoin broke through the 95000 USD mark, reaching a new high since February 24, with a cumulative rise of over 11% in the last 5 trading days. On May 2, Bitcoin broke through 97000 USD; however, there is significant Trading Volume between 96000 and 99000 USD, which indicates that the market may undergo a consolidation phase before testing the 100000 USD threshold.
Capital Flow and Market Sentiment:
A large amount of funds has recently poured into Bitcoin. On April 23, the U.S. Bitcoin ETF recorded a net inflow of $917 million, the largest single-day net inflow since Trump took office, with over $2.6 billion in net inflows into Bitcoin ETFs within a week.
In terms of market sentiment, Bitcoin and the US stock market have shown divergence. While the US stock market is experiencing panic fluctuations due to factors like tariffs, Bitcoin's rise remains strong, and its attributes as a risk asset are being downplayed, as it is being heavily bought as a safe haven for assets.