#StablecoinPayments BTC enters May 2025 with new momentum, increasing by over 14% in the past 30 days and trading just below 6.3% compared to the significant threshold of 100,000 USD. Behind the price volatility, the clear demand for Bitcoin has turned positive for the first time since the end of February, signaling a change in on-chain behavior.

However, the new inflows—especially from ETF funds in the U.S.—remain low compared to the levels of 2024, indicating that institutional confidence has not fully returned. According to MEXC's COO, Tracy Jin, if current conditions persist, a price increase this summer to 150,000 USD is feasible, with increasingly optimistic sentiment.

The clear demand for Bitcoin has turned positive, but new inflows are still lacking.

The clear demand for Bitcoin has shown a marked recovery recently, rising to 65,000 BTC in the past 30 days. This is a strong recovery from the low on March 27, when clear demand—defined as the net change over 30 days in the holding amounts of all investor groups—hit a deep negative of -311,000 BTC.

Clear demand reflects the aggregate balance change across wallets and provides insights into whether capital is flowing into or out of the Bitcoin network.

Although the current demand level is still far below previous peaks in 2024, a significant turning point occurred on April 24: the clear demand for Bitcoin turned positive and has remained positive for six consecutive days after nearly two months of continuous outflows.