$BTC

The Bitcoin (BTC) market is experiencing noticeable volatility

today Saturday, May 3, 2025.

Key developments:

- Price decline: The price of Bitcoin has dropped to approximately $96,293, marking a decrease of 1.48% from the previous close, with a daily low of $95,936 and a high of $97,763.

- Widespread selling: The cryptocurrency markets reported the liquidation of long positions exceeding $250 million in the last 24 hours, indicating a strong selling wave that impacted Bitcoin and other currencies.

- Positive cash flows: Despite the decline, Bitcoin exchange-traded funds (ETFs) saw a net inflow of $422 million, reflecting ongoing interest from investors.

Future outlook:

Some analysts expect that Bitcoin may face further declines if selling pressure continues, with the possibility of reaching support levels at $70,000. However, institutional investors may intervene to support the market at these levels.

Investor advice:

In light of the current volatility, investors are advised to monitor key support and resistance levels, such as $90,000 and $100,000, and make informed investment decisions based on market analysis and potential risks.