As of May 23, 2025, Bitcoin (BTC) is trading at $110,864, marking a modest increase of 0.16% over the past 24 hours. The cryptocurrency reached an intraday high of $111,819 and a low of $110,494, indicating ongoing market volatility.

🔍 Market Highlights

Strong Accumulation Phase: Recent data indicates that Bitcoin has entered its strongest accumulation phase since January, with all wallet cohorts actively accumulating. This suggests a robust bullish sentiment among investors.

Institutional Inflows: U.S. spot Bitcoin ETFs have recorded their highest daily inflow in over four months, reflecting growing institutional confidence in the cryptocurrency market.

Unique Bull Rally: Analysts highlight that the current Bitcoin bull rally is distinct from previous ones, driven by factors such as increased institutional participation and favorable macroeconomic conditions.

Price Predictions: Forecast models suggest that Bitcoin could reach targets ranging from $120,000 to $210,000 in the current cycle, with some analysts even projecting a potential rise to $250,000 by the end of the year.