Why Bitcoin Could Break Records This May
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Data suggests Bitcoin could hit new highs faster than most investors expect.
Heavy liquidations played a role in Bitcoin’s return to $95,000.
Bitcoin’s weakening correlation with stocks highlights its growing independence as an asset.
Bullish institutional investor positioning contrasts with retail traders’ caution, supporting a rally above $100,000.
Bitcoin gained 11% between April 20 and April 26, demonstrating resilience by holding near its two-month high around $94,000. This relief rally followed signals from the Trump administration about easing import tariffs, as well as strong corporate earnings reports.
Investor confidence in Bitcoin was further boosted by a record $3.1 billion in net inflows to spot Bitcoin exchange-traded funds (ETFs) over five days. However, a key BTC derivatives indicator showed signs of bearish momentum, raising questions about whether the $100,000 target is still realistic.
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