Bitcoin Real-Time News Brief | May 5, 2025
Current Price Dynamics
As of today (May 5), the Bitcoin price is reported at $94,212, down 1.75% for the day, with a fluctuation range of $94,151 to $96,304 in the past 24 hours, indicating a market correction trend. Technically, $95,000-$95,500 is a key resistance zone, and if it cannot break through, it may further test the support level of $93,000.
Institutional Funds Continue to Flow In
Despite short-term price volatility, institutional positioning in Bitcoin remains unchanged. BlackRock's Bitcoin ETF saw a net inflow of nearly $1 billion in a single day, hitting a recent high; the previous day's ETF inflow also reached $674.9 million, showing a positive signal of institutions buying on dips during the correction. Furthermore, the state of Arizona in the U.S. plans to invest 10% of its state reserves in Bitcoin, and the promotion of stablecoins and crypto infrastructure in the Middle East is also injecting long-term confidence into the market.
Market Sentiment and Bull-Bear Battle
The options market indicates that the open interest for contracts with a strike price of $100,000 is as high as $1.5 billion, reflecting strong expectations from investors for a breakthrough at this level. However, the current market leverage is close to historical highs, with shorts accumulating a large amount of open interest in the $98,700-$99,500 region, which could trigger severe volatility if prices reach that level.
Technical Analysis and Future Outlook
Bitcoin's short-term technical indicators (RSI 42) are in a neutral to weak zone, with the 50-day moving average ($96,200) creating resistance, and attention needs to be paid to whether it can maintain key support levels. Analysts point out that if the resistance zone is broken, $100,000 remains the next target; conversely, the risk of a pullback could expand to $89,000. In the long term, the halving cycle effect and the bottoming effect of institutional funds may drive the price to challenge the high of $150,000 in May.
Summary
The current market is in a phase of adjustment and accumulation, with institutional fund inflows and favorable policies supporting a long-term bullish logic, but short-term risks brought by high leverage need to be monitored. Investors should pay attention to ETF fund flows, movements of large on-chain holders, and changes in macro policies to respond flexibly to volatility.
