According to BlockBeats, Greeks.Live analyst Adam stated that the community holds a bullish attitude towards Bitcoin. Traders expect Bitcoin to create new historical highs, focusing on resistance levels of $106,000 to $108,000. The consensus is that breaking through the previous historical high of $108,000 will bring significant upside potential.
● CryptoQuant Analyst: Bull-Bear Market Cycle Indicator Shows First Bullish Signal in Weeks
According to Odaily Planet Daily, CryptoQuant analyst Burak Kesmeci stated that since February 24, 2024, the Bull-Bear Market Cycle Indicator has continuously signaled a bear market. In recent days, the indicator has shown potential signs of trend reversal. As Bitcoin returns above $100,000, this indicator has shown its first bullish signal in weeks, although the signal is relatively weak (coefficient of 0.029), the positive turn itself is a good sign. The Bull-Bear 30-day moving average has started to trend upwards. If this indicator crosses above the Bull-Bear 365-day moving average, history indicates that Bitcoin may experience another parabolic rise.
According to Deep Tide TechFlow, CryptoQuant founder Ki Young Ju pointed out that the Bitcoin market has shifted from a traditional whale and retail-led model to a diversified structure. The participation of institutional investors such as ETFs and strategies, along with government agencies, may render traditional market cycle theories obsolete. The influx of new liquidity sources is changing market dynamics, and institutional capital inflow may offset the pressure from whale sell-offs. The current market is in a transitional phase of absorbing new liquidity.
● Trump Claims US Costs Are Down and There Is No Inflation
According to ChainCatcher, US President Trump stated that costs are down and there is no inflation. This is in stark contrast to what the Federal Reserve and fake news media hope for.
● Federal Reserve's Bostic Says Adjusting Policy During Increased Uncertainty Is Unwise
According to BlockBeats, on May 9, Federal Reserve's Bostic stated that adjusting policy during increased uncertainty is unwise.
● US Vice President Vance to Speak at Bitcoin 2025 Conference
According to Odaily Planet Daily, Bitcoin Magazine posted on X platform stating that US Vice President Vance will speak at the Bitcoin 2025 Conference. The conference will be held in Las Vegas from May 27 to 29, 2025.
● Tidal Financial Group Applies to US SEC to Launch Two ETFs Hedged Against Bitcoin and Gold
According to Wu Says, Tidal Financial Group submitted an application to the US SEC this week to launch a hedge-type ETF product with Bitcoin and gold as counterpart assets. This product will be issued under the Battleshares brand, designed as a long-short strategy portfolio. If approved, this ETF will combine short selling, swaps, options, and other tools.
