As of May 6, 2025, Bitcoin is trading around $94,425, down slightly by 0.23% from the previous day. It fluctuated between $93,702 and $95,118, showing signs of consolidation after a recent drop from its April high of $97,000. Despite the dip, Bitcoin remains up about 48% year-over-year. Notably, two dormant whale wallets moved 3,422 BTC—worth over $324 million—after a decade, suggesting potential market shifts. Meanwhile, Fidelity's Bitcoin ETF saw a net outflow of $57.8 million, signaling cautious investor sentiment. With upcoming options expiries likely to boost volatility, traders are closely watching the $96,000 resistance level for a breakout or further retracement. The market remains alert and speculative.
