Bitcoin's price experienced a drop to $93.5K, attributed to a market correction after approaching $97,900 on May 2. While this slip has disappointed some investors, institutional interest remains strong, keeping the $100,000 target viable. Bitcoin's market dominance has surged to 70%, the highest since January 2021, despite new token launches. The demand for Bitcoin futures has also increased, with open interest reaching 669,090 BTC and over $13.5 billion on the CME, indicating robust institutional demand. Challenges such as trader frustration over delayed U.S. Bitcoin-related disclosures and recent economic risks have hindered Bitcoin's recovery. Still, the dynamics within the market provide hope for a new all-time high by 2025, bolstered by institutions like Strategy expanding their Bitcoin acquisition plans. The necessity for improved U.S.-China trade relations is noted as a factor for a sustained bull run, as current geopolitical tensions weigh on overall investor sentiment. Key elements for Bitcoin's growth appear to be aligning, suggesting potential for significant gains ahead.

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