【Bitcoin Real-time News | May 22, 2025】
1. Price Breaks Historical High, Market Value Ranks Among Top 5 Global Assets
Bitcoin strongly broke through $110,852 in the early hours of today, setting a new historical high, with a total market value of $2.165 trillion, surpassing Amazon to rank fifth in global asset market value. This increase was driven by the continued influx of institutional funds, favorable policies, and technical breakthroughs, leading to high market sentiment.
2. Institutional Wave Dominates, ETF Funds Become the Core Engine
U.S. spot Bitcoin ETFs saw net inflows of over $40 billion in a single week. BlackRock and Fidelity's ETF products dominate, with assets under management exceeding $122 billion. Corporate holdings account for 15% of Bitcoin's circulating supply, with institutions like MicroStrategy continuing to increase their holdings, forming a 'diamond bottom' support.
3. Dual Benefits from Policies and Regulations
U.S. Policy: New Hampshire passed a bill to include Bitcoin in the state's fiscal reserves, Texas and other places are accelerating legislation to support crypto assets, and the federal 'GENIUS Act' is promoting the compliance of stablecoins, attracting traditional funds to enter the market.
Global Dynamics: Hong Kong approved 8 digital asset exchange licenses and plans to launch Bitcoin derivatives; the Saudi sovereign fund was revealed to hold approximately 25,000 BTC, and crypto assets are accelerating their integration into the mainstream financial system.
4. Technical Analysis and Market Sentiment
Technical Breakthrough: Bitcoin broke the 'megaphone pattern' that has lasted for four years. Analysts predict the next target is $135,000 to $320,000. Fibonacci extension tools show potential upside space.
Bull-Bear Game: Despite the price reaching new highs, over $1 billion was liquidated in the contract market within 24 hours, with short positions accounting for 62%. Short-term caution is needed regarding the risk of corrections triggered by high leverage.
5. Risk Warning
Liquidity Risk: The thickness of Bitcoin order book bids and asks has deteriorated to 1:4.3, and low liquidity may amplify the possibility of flash crashes.
Stablecoin Hidden Dangers: Stablecoins such as Tether have a term mismatch issue of 'short-term debt, long-term investment'. If there is a run, it may trigger systemic risks.
