Bitcoin Real-Time News Update | Price Dynamics on May 8, 2025
Bitcoin surged to $98,800 today (May 8)
Core Driving Factors
1. Policy Favorable Resonance:
China’s Easing Policy: On May 7, the People’s Bank of China announced a reserve requirement ratio cut and interest rate reduction, releasing liquidity to stimulate the economy, and the increase in risk appetite drove Bitcoin to jump 3% during the Asian trading session.
- Federal Reserve Rate Cut Expectations: Federal Reserve Chairman Powell hinted at a potential rate cut in the future, leading the market to expect an improvement in the liquidity environment, benefiting Bitcoin alongside traditional safe-haven asset gold.
2. Institutional and Fund Trends:
ETF Continues to Attract Capital: BlackRock’s IBIT Bitcoin ETF saw a net inflow of $36.72 million in a single day, with total holdings reaching 597,000 BTC, showing a significant bottoming effect from institutional funds.
Corporate Accumulation Wave: Japanese listed company Metaplanet announced an addition of 555 BTC holdings, bringing its total holdings to 5,555 BTC, highlighting the demand for corporate-level allocation.
3. On-Chain Data Signals:
Realized Capital Hits New High: Bitcoin’s realized capital surpassed $88.9 billion, reflecting a continuous inflow of long-term funds.
Short-Term Holder Profit Recovery: Approximately 3 million BTC returned to profitability, shifting market sentiment from “loss-dominant” to “profit-dominant.”
Risk Warning
The current Bitcoin price is close to the cost basis for short-term holders (around $95,000), and the market is highly sensitive to price fluctuations. External variables such as details of Federal Reserve policies and Trump’s upcoming “significant news from the Middle East” may trigger severe volatility.
Market Outlook
Analysts generally believe that if it breaks through the psychological barrier of $100,000, it may trigger FOMO sentiment, accelerating the increase, with targets pointed toward the $110,000-$156,000 range. However, caution is needed regarding high leverage trading risks and the possibility of a shift in macroeconomic policy.
