🚨 As of June 1, 2025, Bitcoin (BTC) is trading at approximately $104,250, reflecting a modest rebound from recent lows.
📈 Recent Performance Overview
All-Time High: On May 22, 2025, Bitcoin reached a new all-time high of $112,000, coinciding with the 15th anniversary of Bitcoin Pizza Day.
Subsequent Correction: Following this peak, Bitcoin experienced a correction, dropping to around $103,289. This decline was attributed to a $3.7 billion wipeout in open interest within the futures market, effectively flushing out overleveraged positions and reducing speculative excess.
🔍 Market Sentiment and Outlook
Institutional Interest: Bitcoin ETFs recorded over $5 billion in cumulative net inflows in May, signaling robust institutional interest.
Analyst Predictions: Analysts are optimistic, with some predicting that Bitcoin could surge to $118,000 soon after breaching its previous all-time high$BTC
