#coment #like As of May 1, 2025, Bitcoin #BTCNextATH is trading at approximately $95,136, reflecting a modest daily gain of around 0.27%
$BTC
The cryptocurrency market is experiencing a phase of consolidation, with Bitcoin's 7-day volatility reaching a 563-day low. This suggests a period of reduced price fluctuations, potentially indicating a buildup before a significant move
In the derivatives market, the March 2026 Deribit Bitcoin Futures are trading at a premium of approximately $100,811, indicating bullish sentiment among traders.
Institutional interest in Bitcoin appears mixed. BlackRock's Bitcoin ETF reported significant inflows of $267 million, while Invesco and VanEck's ETFs saw no net inflows, and overall ETF flows were negative by $56.3 million.
On-chain activity has seen notable movements, with Grayscale transferring 9,645 BTC valued at approximately $911 million, and long-dormant Bitcoin whales moving around $760 million worth of BTC. Such large transfers can influence market sentiment and price dynamics.Analysts have varying outlooks for Bitcoin's price trajectory. Standard Chartered's Geoff Kendrick predicts a new all-time high of $120,000 in Q2 2025, citing factors like economic uncertainties and growing institutional adoption. Conversely, some analysts suggest that without a significant increase in trading volume, Bitcoin may continue to trade sideways between $92,000 and $97,000.
In summary, Bitcoin is currently in a consolidation phase with low volatility. While there are signs of institutional interest and bullish sentiment in futures markets, the lack of significant ETF inflows and on-chain movements suggest a cautious market awaiting clearer signals.