The rise in Bitcoin prices a few days ago was driven by significant demand in the spot market, rather than speculation using borrowed funds, experts noted.
According to analysts, the average daily trading volume on centralized crypto exchanges increased by 51% — to $3.9 billion, which is a clear indicator of investor interest.
At the same time, K33 Research pointed out that they do not expect sharp fluctuations and a significant drop in Bitcoin's price in May, which is traditionally considered a weak month in terms of price dynamics.
Due to a combination of high market demand, a balanced situation in derivatives, and a favorable geopolitical backdrop, the first cryptocurrency may demonstrate new historical highs this summer, experts summarized.
Earlier, SkyBridge Capital founder Anthony Scaramucci stated that Bitcoin is undergoing a transformation, evolving from a technological object of speculative investment into a mature international asset comparable to gold.