Bitcoin’s price recorded the highest weekly close in history, above $107,000, clearing the path towards a new ATH. Meanwhile, the bears have intensified their action, which has dragged the levels below the previous day’s open range, raising huge concerns over the upcoming price action. On the other hand, BTC’s liquidity range has entered a crucial phase wherein a strong conflict between the bulls and the bears could be seen as a means of gaining supremacy in the coming days.
Ever since the BTC price triggered a rebound from the local lows, the whales and the bulls seem to have become more optimistic. As a result, more long traders were being placed with massive leverage. This made the retail traders bullish on Bitcoin, offering a strong boost to the BTC price rally, which almost marked the highs. Frightfully, these whales have begun to extract profit, which seems to be a major reason behind the current downfall.
As suggested by the above data, a Hyperliquid whale who had placed a 40x long trade on Bitcoin has begun to take profits after earning $10 million in 24 hours. Interestingly, the whale still holds a massive $337 million long position on BTC, which shows a serious conviction. Now the question arises whether the Bitcoin bull run has more room or it’s time for the exit door.
The daily chart of Bitcoin continues to remain under bullish influence, despite the bearish interference. The price just faced a rejection before entering the final resistance zone below the ATH, which suggests a final correction before marking a new high. The On-Balance Volume has been plunging, which indicates a drop in the buying activity with an increase in the sell-offs. However, the MA levels keep up some hope as the BTC price could be heading towards a Golden Cross.
The 50/200-day MA is heading for a bullish crossover, which usually triggers a massive upswing. Hence, the upcoming monthly close could have a major impact on the upcoming rally, as a successful completion of a Golden Cross could propel the BTC price above $110,000. In case of a failure, the star crypto may begin with a strong pullback, extending the correction phase.
Ethereum price is facing selling pressure as major wallet holders are seen selling at a loss. ETH is facing selling pressure that has left many wondering whether ETH would return to the $1,500 mark in the foreseeable future.
Whale Movement Implies Uncoordinated Market Positioning
Latest blockchain data indicates that long-term holders are giving up even after they had held positions in earlier market cycles. Selling is happening when Ethereum is holding in the area of $1,550 to $1,700. This has given contradictory signals to analysts and traders who are divided on short-term price movement.
Blockchain monitoring firm Lookonchain has shown a huge capitulation by a single Ethereum investor who sold off 1,160 ETH at a huge loss recently for about $1.83 million.
According to their data, this investor had withdrawn the same amount from cryptocurrency exchange OKX about 11 months ago when Ethereum price was at $3,816. By selling at $1,580, the investor realized a 58.6% loss totaling $2.6 million.
However, not all large holders are exiting positions. CryptoGoos analyst stated that other large investors have recently purchased approximately 77,000 ETH valued at $125 million. This indicates high interest in purchasing at present ETH prices. This unusual behavior by large holders creates uncertainty in the market situation.
IncomeSharks highlighted the significance of profit-taking on rallies in price instead of accumulating every dip. He clarified that summing up continually doesn’t necessarily pay as a strategy. The analyst admitted to failing to take profits from their own ETH holdings and warned against taking cryptocurrency trades emotionally.
Technical Analysis Offers Both Possibilities For Ethereum Price
Analysts do not agree on the current Ethereum price action and the future trajectory. Analyst CrypNuevo pointed towards the $1,700 to $1,550 price level, stating that it looks like past price action. The analyst is bullish since Bitcoin is holding its 1-week 50 EMA support level for a bull run. He stated that this may be bullish for Ethereum. Because of this analysis, CrypNuevo mentioned that he executed significant spot purchases in this price zone.
This consolidation between $1700 and $1550 is looking familiar.
Given the context – Bitcoin holding the 1W50EMA bull market support, and BTC.D not having topped in this cycle yet- we’ll likely see a similar outcome.
Analyst Belle is more optimistic. She believes that Ethereum price is preparing for a huge transformation while others are focusing on other things. The analyst pointed to robust weekly trends, solid support levels, and growing momentum as indicators that are positive for ETH.
Crypto Rover analyst has indicated that there are strong possibilities of a bullish cross in Ethereum technical indicators. One analyst even predicted the most hated rally for Ethereum price as its market share slips.
HBAR noted a 20% rally during Wednesday’s intraday trading session. This double-digit gain was fueled by Nasdaq’s filing of a 19b-4 form with the US Securities and Exchange Commission (SEC) to list and trade Grayscale’s spot HBAR exchange-traded fund (ETF).
However, the rally appears to be losing momentum. Market indicators suggest that bearish sentiment is strengthening, putting HBAR at risk of losing recent gains.
HBAR Faces Downward Pressure as Market Sentiment Turns Bearish
HBAR’s negative Balance of Power (BoP) reading indicates weakening buying pressure among its spot market participants. At press time, this indicator, which compares the strength of an asset’s bulls and bears, is below zero at -0.09.
When an asset’s BoP is negative, its sellers exert more control over price action. This suggests weakening buying pressure in the HBAR market and hints at a potential continuation of the bearish momentum.
Moreover, HBAR’s Long/Short ratio indicates an increasing dominance of short positions, confirming the bearish sentiment among its futures traders. As of this writing, this stands at 0.98.
The Long/Short ratio measures the proportion of long positions (bets on price increases) to short positions (bets on price declines) in the market. When the ratio is below 1, it indicates that short positions outnumber long positions. It highlights the bearish sentiment among HBAR holders and increases the downward pressure on its price.
HBAR’s Fate Hangs in the Balance
HBAR exchanges hands at $0.24 at press time. On the daily chart, it trades above support formed at $0.22. If bearish pressure gains momentum, this level may fail to hold. HBAR’s price could decline further to $0.17 if the bulls cannot defend this support level.
Conversely, a positive shift in market sentiment could prevent this. If new demand trickles into the market, HBAR’s price could breach resistance at $0.26 and rally toward $0.31.
Bitcoin (BTC) enters May 2025 with renewed momentum, gaining over 14% in the past 30 days and trading just 6.3% below the key $100,000 mark. Behind the price action, Bitcoin’s apparent demand has turned positive for the first time since late February, signaling a shift in on-chain behavior.
However, fresh inflows—especially from US-based ETFs—remain subdued compared to 2024 levels, suggesting institutional conviction has yet to fully return. According to MEXC COO Tracy Jin, if current conditions hold, a summer rally toward $150,000 is plausible, with sentiment turning increasingly bullish.
Bitcoin Apparent Demand Turns Positive, But Fresh Inflows Still Lacking
Bitcoin’s apparent demand has shown clear signs of recovery recently, rising to 65,000 BTC over the past 30 days. This marks a sharp rebound from the trough on March 27, when apparent demand—defined as the net 30-day change in holdings across all investor cohorts—reached a deeply negative level of -311,000 BTC.
Apparent demand reflects the aggregated balance shifts across wallets and provides insight into whether capital is entering or exiting the Bitcoin network.
While the current demand level is still well below earlier peaks in 2024, a meaningful inflection point occurred on April 24: Bitcoin’s apparent demand turned positive and has remained positive for six consecutive days after nearly two months of sustained outflows.
Despite this improvement, broader demand momentum remains weak.
The continued lack of significant new inflows suggests that most of the recent accumulation may be driven by existing holders rather than fresh capital entering the market.
For Bitcoin to mount a sustainable rally, both apparent demand and demand momentum must show consistent and synchronized growth. Until that alignment occurs, the current stabilization may not support a strong or prolonged price breakout.
US Spot Bitcoin ETF Inflows Still Far Below 2024 Levels
Bitcoin purchases from U.S.-based ETFs have remained largely flat since late March, fluctuating between daily net flows of -5,000 to +3,000 BTC.
This activity level sharply contrasts with the strong inflows seen in late 2024, when daily purchases frequently exceeded 8,000 BTC and contributed to Bitcoin’s initial rally toward $100,000.
So far in 2025, BTC ETFs have collectively accumulated a net total of 28,000 BTC, well below the more than 200,000 BTC they had purchased by this point last year.
This decline shows a slowdown in institutional demand, which has historically been key in driving major price movements.
Bitcoin: Net Cumulative Inflows to US Spot ETFs by Year. Source: CryptoQuant.
There are early signs of a modest rebound, with ETF inflows beginning to tick higher recently. However, current levels remain insufficient to fuel a sustained uptrend.
ETF activity is often viewed as a proxy for institutional conviction, and a notable increase in purchases would likely signal renewed confidence in Bitcoin’s medium-term trajectory.
Until those inflows return in force, the broader market may struggle to generate the momentum needed for a prolonged rally.
Bitcoin Nears $100,000 as Momentum Builds Despite Macro Pressure
Bitcoin price has gained over 14% in the past 30 days, rebounding strongly after dipping below $75,000 in April.
This renewed momentum comes as BTC shows relative resilience amid broader macroeconomic volatility and policy-driven pressures, including Trump’s tariff measures that have weighed on risk assets.
While the entire crypto market has felt the impact, Bitcoin appears to be detaching slightly, showing less sensitivity to these external shocks than other digital assets.
BTC now sits just 6.3% below the $100,000 mark and remains under 17% from a potential move toward $110,000. According to Tracy Jin, COO of MEXC, sentiment is turning positive again:
“Beyond immediate price action, the growing institutional appetite and shrinking supply mechanisms against the macroeconomic uncertainty backdrop point to a structural shift in Bitcoin’s role within the global financial market. BTC is used to hedging against inflation and the fiat-based financial model. Its liquidity, scalability, programmability, and global accessibility offer a reliable modern alternative to traditional financial instruments for many corporations,” Jin said.
According to Jin, a summer rally towards $150,000 is plausible. She stressed that the $95,000 range will likely become a launch point for the brewing decisive breakout above $100,000 in the coming days.
” Should global trade tensions stabilize further and institutional accumulation continues, a summer rally towards $150,000 is plausible, potentially extending towards $200,000 by 2026. Overall, the external background remains favorable for the continuation of the upward movement, especially given the growth of stock indices on Friday, which could support Bitcoin over the weekend.”
BREAKING:
(@CrypNuevo) 
