According to data from May 8, 2025, 344,620 new wallets were created in the Bitcoin network (#bitcoin ), marking one of the highest figures this year. The wave of activity coincided with a sharp increase in the cryptocurrency's price $BTC to $104,000, the highest since January. This was reported by researchers from the Santiment platform. Their data indicate a mass influx of new participants driven by the FOMO effect amid rising prices.

The price of BTC rose by more than 5% in one day, reaching an intraday high above $103,800 and hitting local peaks. Amid high volatility and an upward trend, a surge in new user activity is recorded on the network, often signaling the late phase of a bullish impulse.

Network growth is a key indicator reflecting investor interest. Historically, a sharp influx of new wallets often coincided with local price peaks but also indicated growth in long-term demand. This is especially important in the current context, as institutional and retail participants return to the market.$BNB

Analysts note that the recent surge in activity is fueled by the success of Bitcoin ETFs in the USA, a favorable macroeconomic background, and overall expectations for growth in the cryptocurrency industry. The trend is also supported by increased liquidity and positive movement in traditional markets.

However, alongside the euphoria, the risks of a correction are increasing. Most new wallets typically belong to retail investors, who tend to panic at the first pullback. This creates potential volatility in the short term.

However, the current behavior of the network and the market indicates strong bullish momentum. If interest from new users remains, #BTC may continue to rise and establish itself above the $100,000 mark, which will become a new support level.@Cryptoland_8

Bitcoin ETFs recorded inflows of over $117 million on May 8, 2025.

As of May 8, American spot Bitcoin ETFs attracted $117.46 million. The total net inflow into these funds reached $40.84 billion, and assets under management amounted to $118.66 billion, equivalent to 5.82% of Bitcoin's total market capitalization. These figures highlight sustained institutional interest in the world’s leading crypto asset.

The leader in daily inflow was the IBIT fund from #BlackRock⁩ , which received $69 million in a day. Its total net investment reached $44.35 billion, while assets under management amount to $62.91 billion. In second place is FBTC from Fidelity with $35.34 million per day and a total inflow of $11.67 billion. At the same time, the largest fund by assets, GBTC from Grayscale, again recorded no inflow, remaining down by $22.85 billion in total data.

Overall trading volume for Bitcoin ETFs on May 8 amounted to $3.87 billion, which also confirms sustained demand from market participants. The main driver of growth is the increasing institutional FOMO, supported by technical price breakthroughs and a favorable regulatory backdrop. Investors are once again viewing Bitcoin as a safe digital alternative to gold.

Against the backdrop of optimism for BTC, the situation with #Ethereum looks much weaker. On the same day, spot ETH ETFs recorded an outflow of $16.11 million. This confirms reduced institutional engagement and the absence of a new bullish narrative around the second-largest crypto asset.

Analysts cite the erosion of trust in the returns $ETH , the shift of major holders to stronger assets, and the overall stagnation in interest towards Ethereum ETFs as reasons for the outflow. Meanwhile, the price of Ether has risen by about 20% in a day. Bitcoin is gaining traction as a global financial asset, while Ether faces challenges.

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