BITCOINS

#Bitcoin has finally started to change its correlation with US equities, signaling a potential shift in market dynamics. Analysts are calling for an aggressive surge if #BTC manages to hold current levels and continue pushing higher. Bulls are feeling increasingly confident after #bitcoin pushed above the critical $90K mark — a pivotal zone that had previously acted as strong resistance during months of consolidation and selling pressure.
While bulls are now in short-term control, risks of a sharp downturn remain elevated. Global trade instability, fueled by ongoing tensions between the US and China, continues to threaten broader financial markets. Fear and volatility have dominated the landscape ever since US President Donald Trump secured re-election in November 2024, creating an unpredictable macroeconomic backdrop.
Despite these headwinds, on-chain metrics paint a bullish picture. According to recent data, more than 40,000 #bitcoins have been withdrawn from exchanges over the past week, signaling a strong accumulation trend. This movement suggests that investors are increasingly opting for self-custody, reducing available supply on trading platforms — a dynamic that historically supports higher prices. As the market heads into a critical phase, Bitcoin’s behavior in the coming days could define the next major trend.
Bitcoin Faces A Defining Moment As Bulls Hold Short-Term Control
Bitcoin is now entering a critical phase where price action over the next few weeks could shape the market’s direction for months to come. Bulls are currently in short-term control, following a sharp surge that pushed $BTC firmly above the $90K mark. However, despite this momentum, high risks of a reversal remain as global trade instability continues to dominate macroeconomic narratives.
Tensions between the US and China persist, with rising tariffs and fractured supply chains threatening global markets. While some analysts are optimistic, calling for Bitcoin to rally toward new all-time highs (ATH) in the coming weeks, others remain cautious, arguing that recent strength may be a temporary reaction rather than the beginning of a sustained breakout.
A key signal supporting the bullish view is growing investor accumulation. Top analyst Ali Martinez shared relevant data revealing that more than 40,000 BTC have been withdrawn from exchanges over the past week. This strong outflow trend suggests that investors are increasingly moving their #BTC into cold storage, reducing available supply and reinforcing the foundation for a potential price surge.

Bitcoin Supply on Exchanges / Exchange outflows | Source: Ali Martinez on X
As Bitcoin hovers at critical resistance levels, the coming days and weeks will be pivotal. A continued surge could confirm the start of a new bull phase, while failure to hold key support zones could lead to renewed volatility.
BTC Price Update: Bulls Hold Steady As Critical Levels Loom
#Bitcoin is currently trading at $93,900, maintaining a strong position after an impressive multi-week rally. However, while bullish momentum persists, it appears that a clean push above the $95K–$96K resistance zone may take additional time. This range is a critical hurdle, and many analysts expect some consolidation before any decisive breakout occurs.

BTC approaching higher levels | Source: BTCUSDT chart on TradingView
For now, bulls must focus on defending key support levels to keep the recovery structure intact. Holding above $88,700 — roughly aligned with the 200-day moving average — would be a major sign of strength. This level has become an important pivot point, helping to confirm whether the rally can sustain further upside pressure.
If Bitcoin fails to hold above $88,700, it could trigger a deeper correction, with the next significant support zone sitting around $84,000. A move down to this area would still fit within a broader bullish structure but would delay attempts at setting new all-time highs.
Overall, the $88,700 level remains the key battleground. Bulls must continue to defend it while preparing for a potential retest of the $95K mark in the coming sessions. Patience and stability are critical as volatility remains elevated across financial markets.

Cryptocurrency prices are starting to grind through a period of slow but steady gains in the past 48 hours, with #Bitcoin again leading the charge and most altcoins lagging in recovery. In a recent post on the X platform, popular #Bitcoin maximalist and CEO of JAN3, Samson Mow, described the misleading nature of unit bias among altcoins.
According to Mow, Ethereum at $9,200, XRP at $5,800, and Solana at $3,400 is virtually impossible, given the current supply of these tokens.
Unit Bias And Market Cap: The Numbers Don’t Lie
Mow’s post on X challenges how investors perceive the value of altcoins like $ETH , $XRP , and $SOL . He proposed a reframing of altcoin valuations by applying Bitcoin’s supply model to them. Bitcoin was created with a total possible circulating supply of 21 million units, with 19.85 million of those currently in circulation.
At the time of writing, one unit of 21 million #Bitcoins is trading around $88,000. This price might be too much for retail traders. As such, the idea of owning a whole unit of #XRP or #Solana feels more accessible to newcomers and retail traders compared to buying a fraction of Bitcoin with the same capital.
To expose how misleading this mindset can be, Mow reimagines altcoin valuations by dividing their total market capitalizations by Bitcoin’s 21 million supply cap. This is essentially asking what one unit of these assets would cost if they had the same scarcity of supply as Bitcoin. Based on current market caps, Ethereum would be valued at approximately $9,200, XRP at $5,800, and Solana at $3,400.
Given the current price of #Ethereum , Solana, and XRP, these figures are unrealistic and reveal how much of the altcoin appeal is driven by unit bias rather than actual value. Furthermore, it shows that Bitcoin has better fundamentals and scarcity in its supply dynamics.
Narrative Of Bitcoin Dominance Getting Stronger
For Mow and other Bitcoin maximalists, the disparity in Bitcoin supply and that of popular altcoins is yet another reason why Bitcoin dominance is likely to grow stronger in the long run. Notably, the inflows into spot Bitcoin ETFs and increasing recognition among traditional finance investors are strengthening the case for Bitcoin’s dominance going forward.
Notably, Mow’s perspective stands in opposition to the outlook held by some analysts who still anticipate an incoming altcoin season. These analysts believe that Bitcoin dominance, despite currently sitting at a yearly high of 63.5%, could be on the verge of a reversal. One notable technical analysis even projected a sharp crash in dominance toward the 40% mark in the coming months.
At the time of writing, Bitcoin is trading at $88,530, up by 1.3% in the past 24 hours. Ethereum is trading at $1,620, representing a 1.5% decline over the same period. Solana is down 0.5% at $140, and XRP is trading at $2.09 after a 1.63% decline in the past day.

ETH trading at $1,629 on the 1D chart | Source: ETHUSDT on Tradingview.com

A #Bitcoin whale just moved $91M in $BTC exactly after MicroStrategy boosted its holdings! Is a #Bitcoin Surge on the way for May 2025?
A major development in the cryptocurrency sector caused panic when a Bitcoin whale shifted 1,000 $BTC worth $91.13 million between Binance hot wallets and a new unrevealed address seconds after it became public that MicroStrategy made its most recent #Bitcoin purchase. People across the market are paying close attention to this massive deal because they want to know whether this represents a new institutional investor entry or a financial strategy for increasing Bitcoin value.

Massive Bitcoin Whale Transfer Spotted: 1,000 $BTC Worth $91.13M Moved from Binance Hot Wallet — Just Minutes After MicroStrategy’s $555M Acquisition Announcement. Are We Witnessing Coordinated Whale Activity? The dramatic situation in MicroStrategy #Bitcoin investment deepens because the company made another huge purchase. MicroStrategy’s Bitcoin maximizing CEO Michael Saylor continues to lead the company by purchasing 6,556 BTC worth $555.8 million just as the new acquisition averaged $67,766 per Bitcoin. The company used $547.7 million from issuing Class A common stock and $7.8 million from preferred share offerings to finance this purchase that strengthened its bond to volatile Bitcoin assets. The latest acquisitions have transformed MicroStrategy into the owner of 538,200 #Bitcoins becoming the biggest corporate Bitcoin holder globally.
Whale Timing or Institutional Shadow Play? Blockchain Sleuths Investigate Mysterious #BTC Movement
The whale transaction occurred at exactly the moment when MicroStrategy made its announcement and this timing created speculation among social users. The observers disagree about the source of such a large BTC transaction. Some consider it as OTC settlement payments from MSTR’s acquisition. Others maintain it represents an independent Bitcoin whale boosting its holdings during institutional BTC adoption. The traditional equity market shows a growing correlation with Bitcoin terms as BTC rises to $87,300 and MSTR shares increase 2.77% before the start of market session.
📊 MicroStrategy Acquires Additional 6,556 BTC$BTC
MicroStrategy has reinforced its bullish stance on #Bitcoin with a $555.8M purchase, acquiring 6,556 BTC at an average price of $67,766. This brings the company’s total BTC holdings to 538,200, reaffirming its position as the…
This monumental move by MicroStrategy comes right on the heels of a massive whale transaction, hinting at a synchronized belief in the upcoming Bitcoin hike. MicroStrategy’s aggressive accumulation strategy shows its role as a leading indicator for market sentiment across the entire industry. The increasing adoption of Bitcoin by institutions continues to merge the differences between equity assets and crypto assets. The joint actions between the secretive whale deal and persistent cryptocurrency vision signal potentially big Bitcoin market changes.