$BTC

As of May 2, 2025, the price of Bitcoin (BTC) has risen to around $96,995, with a daily increase of approximately 0.84%, reaching a high of $97,360, demonstrating strong upward momentum. 

The recent price increase has been primarily driven by significant inflows of institutional funds. For example, BlackRock's Bitcoin ETF has surpassed $43 billion in assets and recently increased its holdings by $350 million in Bitcoin. Additionally, Strategy (formerly MicroStrategy) has announced plans to further increase its Bitcoin holdings through a $21 billion stock issuance, reflecting corporate confidence in Bitcoin's long-term prospects. 

From a technical analysis perspective, Bitcoin has broken through the descending channel and converging triangle pattern, and is expected to challenge the psychological level of $100,000 in the short term. Current support levels are at $92,000 and $85,000, while resistance levels are around $98,000 and $105,000. 

In terms of market sentiment, the greed index indicates that investor sentiment has turned positive, but caution is advised regarding potential pullback risks. Overall, with continued institutional accumulation and technical support, Bitcoin may continue to rise in the short term, but investors should closely monitor market dynamics and proceed with caution.