On May 22, 2025, Bitcoin (BTC) surged to an all-time high of $111,875, continuing its upward momentum amid rising institutional demand. Over the past day, BTC gained approximately 3.8%, while the broader CoinDesk 20 index rose 4.74%. This bullish trend coincides with higher U.S. Treasury yields, raising questions about how long the rally can persist despite increased demand for cryptocurrencies. Thousands of BTC options contracts are being traded, particularly at striking prices of $110,000 and $120,000, indicating trader confidence. U.S.-traded spot Bitcoin ETFs have also seen hefty inflows totaling $1.6 billion over a week, pushing total assets to $129 billion. In contrast, some bearish signals have appeared in the market, sparking discussions on potential short-term consolidation around current levels. As traditional markets remain cautious due to rising bond yields, the focus remains on BTC’s performance in the upcoming sessions, with expectations of continued volatility.

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