$BTC enters May 2025 with new momentum, up over 14% in the past 30 days and currently only about 6.3% away from the important milestone of $100,000. Behind this price surge, the clear demand for Bitcoin has shifted to positive for the first time since the end of February, indicating a change in on-chain behavior.

However, new capital inflow — especially from ETF funds in the US — remains low compared to 2024, implying that institutional investor confidence has not fully returned. According to MEXC's COO Tracy Jin, if current conditions are maintained, a summer bull run towards $150,000 is entirely feasible, as market sentiment is increasingly shifting towards optimism.