Recent data suggests Bitcoin might reach new all-time highs in May, following a significant rebound to $95,000. This rise has been supported by bullish sentiments from institutional investors, contrasting with a cautious outlook from retail traders. Bitcoin's increase of 11% from April 20 to 26 coincided with positive corporate earnings and hints from the Trump administration about reducing import tariffs. However, a bearish trend in derivatives has raised concerns about sustainability. The correlation between Bitcoin and the S&P 500 has decreased significantly, indicating Bitcoin's growing independence as an asset. Despite the market's optimism, geopolitical influences, like U.S.-China trade negotiations, remain a concern. The decline in gold's value post its recent peak also reaffirms Bitcoin's status as a unique asset class. The demand for bullish positions in Bitcoin futures highlights a divergence in bullish sentiment between professional traders and retail speculators, potentially setting the stage for prices surpassing $100,000 soon.

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