As of May 14, 2025, Bitcoin (BTC) is trading around $103,600 after briefly dipping below $101,000, triggering over $700 million in crypto liquidations. Traders are cautious ahead of the upcoming U.S. CPI data. Despite short-term volatility, long-term sentiment remains bullish. Major institutional players, including Japan’s Metaplanet, are increasing BTC holdings, while U.S. Bitcoin ETFs have reached a record $41 billion in assets. On-chain data shows whales are accumulating, and over 14 million BTC are now considered illiquid. Coinbase also saw its largest BTC outflow of the year, signaling strong institutional interest. Analysts are eyeing $110,000 as the next resistance level, with forecasts reaching $130,000 under favorable conditions. In a strategic move, former President Trump has signed an executive order to create a U.S. Bitcoin reserve. Overall, tightening supply and increasing institutional demand are setting the stage for potential upward momentum in the coming months.
