Do you really believe that Bitcoin now is just a 'simple rise'? It has surged so fiercely yet has frequent liquidations—this feast ignited by digital assets, is it a victory for institutional entry and regulatory release? Or is it a high-leverage trial that penetrates retail faith? Before you leap into action, have you considered that the real turning point may not have arrived yet?
On May 22, Bitcoin broke its historical record again, surpassing $111,800, causing a market sensation. From $106,500 early that day, it rose continuously, breaking through multiple key levels including $108,500 and $109,800, with a 24-hour increase of 3.64%, and a monthly increase of 29.6%. At the same time, Ethereum’s performance was even more astonishing, quoted at $2,675, with a monthly increase approaching 68.34%.
This is not an isolated incident, but a complex collusion of capital, regulation, and emotion.
Regulation paves the way, compliant funds rush in.
One of the core catalysts for this increase is the favorable regulation of stablecoins released by US policies. With the advancement of the (GENIUS Stablecoin Act) and the 'gentle regulatory' signals from the US Treasury and SEC, market confidence in the entry of long-term funds has greatly increased. The clarity of policy has opened up compliance channels for institutional investors who previously operated in gray areas.
Yu Jianing pointed out that this institutional bottoming is the foundation for the current market outbreak: policy signals + clear regulatory boundaries = the return of capital courage. Especially against the backdrop of the Federal Reserve maintaining high interest rates and rising US Treasury yields, Bitcoin, as a 'non-sovereign asset', is beginning to occupy a place in global asset allocation logic.
Change in funding structure: from retail speculation to institutional battles.
Another obvious feature of this round of Bitcoin's market is the complete rise of institutional power. Unlike the earlier surge driven by retail investors, this time, the explosion of the derivatives market, the surge in options trading volume, and the rise in leveraged positions all indicate that 'capital-intensive traders are taking over market dominance'.
However, this also brings hidden worries: high leverage means high sensitivity, any slight disturbance may trigger a chain liquidation reaction. According to Coinglass data, on May 22, $494 million was liquidated within 24 hours, affecting more than 120,000 people. The market seems strong, but in reality, it hides dangers.
Mlion.ai's on-chain address behavior analysis tool and liquidation data tracking function can help users identify market leverage concentration areas and sudden sentiment reversal signals in advance, which is especially important in this 'high risk + high volatility' phase.
Global pricing system reconstruction: Bitcoin is no longer a speculative asset.
A deeper driving force is the structural reassessment of Bitcoin's asset status. Amid frequent fluctuations in the global macro situation, traditional safe-haven assets like gold and the US dollar face multiple challenges, and more countries and institutions are beginning to see Bitcoin as a 'new option for value storage'.
This means that Bitcoin's volatility is no longer just a result of trading behavior, but a joint product of global capital flow, geopolitical risk hedging, and marginal changes in monetary policy. The logic behind this is reshaping the market's fundamental perception of 'digital asset value'.
Under the narrative frenzy: the paradox of emotion and risk dances together.
However, as Yu Jianing warned: 'When market expectations are highly consistent, it is necessary to be vigilant.' Now, Bitcoin is caught in a grand multi-layered narrative structure: policy endorsement, social media sentiment, KOL support, presidential statements... Consistent expectations are becoming a breeding ground for reflexive risks.
Once there is a change in regulatory stance, divergence in on-chain data, or sudden news disturbances, market sentiment can easily 'turn from fire to ice'. Especially in the current situation where prices have deviated from on-chain active addresses, trading paths, and other fundamental supports, relying solely on price inertia makes it difficult to maintain a sustained increase.
Mlion.ai's AI sentiment analysis system and on-chain activity cross-comparison function is precisely a warning mechanism for when 'price-emotion-fundamentals decouple'. It identifies sudden structural distortions through charts and semantic engines, allowing for early detection of 'market reversal signals'.
The current situation is not a low-risk zone, but a stage of deep competition.
The current market has entered a zone of high leverage and high emotional density, rather than a safe period for early entrants. This is a rational judgment from a professional perspective.
What really needs attention is not whether Bitcoin can break through $120,000 or even $150,000, but whether it can establish a stable trading volume zone and effective support range at high levels. Without trading volume, there is no trend continuity; without structural support, it is easy to 'give back gains overnight'.
Investment advice: Tools take precedence over emotions; insight surpasses betting.
In the face of such market conditions, **do not expect 'feelings' to win anymore.** The emotional accelerator is a catalyst, but risk control is your only armor.
Using Mlion.ai can help you:
Quickly identify deviations between on-chain data and prices;
Track high leverage concentration areas and liquidation points;
Evaluate the inflow/outflow paths of capital;
Automatically generate AI sentiment research reports and extract core market narratives;
Use data instead of FOMO emotion to judge entry and exit timing.
Summary:
$111,800 is not the endpoint, nor is it necessarily the starting point. It is a climax woven from capital, institutions, and emotions. But behind this frenzy is a new cycle with a sharply rising volatility and extremely complex risk structure.
If you are still trying to view Bitcoin with the old 'crypto logic', you are likely to miss the real signals. The future digital asset game will be a contest of tools against tools, models against models, and judgments against pre-judgments.
Let AI help you make decisions and let the system counter emotions; this is the underlying capability to navigate bull and bear markets.
Disclaimer: The above content is for information sharing only and does not constitute any investment advice. Virtual assets are highly risky, and investments should be made with caution.