As of May 13, 2025, the Bitcoin market presents the following characteristics:

- Price Trend: BTC is currently priced at approximately $102,162, a slight decrease of about 1.97% compared to yesterday, with an intraday fluctuation range of $102,240 to $104,373. It briefly fell below $102,000 per coin today, with a daily drop of 0.78%. Previously, Bitcoin had a strong rise over the past week, with an increase of about 8.9%, briefly surpassing the $105,000 mark yesterday, setting a new historical high.

- Technical Form: From a technical perspective, the Bitcoin RSI index has reached 40.47, indicating a retreat from the overbought area, suggesting that there may be some short-term pullback pressure; the MACD indicator shows that momentum has weakened but still maintains a bullish trend; the price is well above the 50-day and 200-day moving averages, keeping the medium to long-term upward channel intact.

- Capital Flow: ETF funds continue to flow in, with BlackRock's spot Bitcoin ETF, IBIT, experiencing a net inflow for 20 consecutive days, the longest streak of inflows for spot Bitcoin ETFs in 2025, attracting over $5 billion during this period. On May 8, the Bitcoin ETF received over $117 million in fund inflows again, with IBIT leading at $69 million, providing strong support for the rise in Bitcoin prices.

- Market Sentiment: The current cryptocurrency market fear and greed index has reached a 'greed' level of 70, indicating that investor sentiment is enthusiastic, and the market may be overheated, which could be one of the signals for a short-term pullback.

Overall, Bitcoin shows signs of a short-term pullback, but the medium to long-term upward channel remains intact, and supported by factors such as continuous inflow of institutional funds, it is still in a strong bullish market structure.