By Key Points
- Bitcoin $100K Rally Nears After 31.8% Surge This Month
- Bitcoin price hits $99,388, the highest since Feb 2025
- Strong ETF inflows signal growing investor confidence
- Stablecoin inflows suggest more bullish momentum
- Legislative support boosts Bitcoin’s long-term outlook**
Bitcoin (BTC) has soared an impressive 31.8% over the past month, hitting $99,388—its highest level since February 2025. This sharp recovery from April lows is fueling widespread optimism that Bitcoin will soon smash the $100,000 barrier.
TC Price Performance. Source: TradingView – Techtoken
In early Asian trading, Bitcoin touched $99,388 before adjusting slightly to $98,874. Despite a minor 0.3% dip, traders and analysts remain confident.
Crypto influencer Anthony Pompliano posted, “Bitcoin is knocking on the door of $100,000 again. Tick, tock…”
Bitcoin is knocking on the door of $100,000 again.
Tick, tock…
— Anthony Pompliano 🌪 (@APompliano) May 8, 2025
Analysts at Bitfinex predicted that maintaining prices above $95,000 would clear the path toward previous all-time highs. So far, Bitcoin is holding strong, with minimal resistance until the $100K level.
Key metrics are reinforcing this bullish sentiment:
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Bitcoin’s realized cap hit a new record at $889 billion, according to Glassnode.
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Over the past month, the realized cap grew 2.1%, reflecting renewed investor confidence.
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Bitcoin ETF inflows surged by over $4.6 billion in just two weeks.
Glassnode’s report emphasized, “Stronger tailwinds are supporting the Bitcoin market.” The total assets under management (AUM) in US spot ETFs are now over 1.171 million BTC, nearing the previous all-time high of 1.182 million BTC.
If you want to explore how major institutions are gaining Bitcoin exposure, check out MetaPlanet’s recent Bitcoin stock moves, which reflect growing corporate interest in BTC.
Stablecoin flows and regulation strengthen the bull case
On-chain data from CryptoQuant showed a major increase in stablecoin inflows to Binance. On May 6, nearly $1 billion in stablecoins were deposited—the largest single-day influx since April.
“Stablecoin inflows typically reflect readiness to enter the market,” CryptoQuant explained. This suggests that traders are gearing up for new buy-side activity.
Binance released the 30th proof of reserves (snapshot date May 1). The user’s BTC assets were 604,411, down 1.35% from the previous month; the user’s ETH assets were 5.281 million, down 3.36%; the user’s USDT assets were 29.05 billion, up 2.61%.https://t.co/jGCPnwcv0j pic.twitter.com/N86MngnMwQ
— Wu Blockchain (@WuBlockchain) May 7, 2025
Adding to the bullish momentum:
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Binance reported a rise in Tether (USDT) reserves by 2.6%, indicating increased liquidity.
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A decline in USDT dominance signals that investors are shifting capital from stablecoins into crypto assets like Bitcoin.
Meanwhile, regulatory winds are turning favorable:
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Two Bitcoin-reserve bills have been enacted.
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More legislation is progressing, showing rising governmental acceptance of Bitcoin.
To learn how some US states are embracing Bitcoin, read about Arizona’s Bitcoin reserve legislation. It’s a clear sign of growing political support for crypto.
Binance Asset Reserves in May. Source: X/WuBlockchain – Techtoken
Institutions and political players deepen crypto involvement
Beyond price action, institutional and political involvement in crypto is increasing rapidly.
MicroStrategy, a corporate giant known for massive Bitcoin holdings, recently reported a Q1 loss but remains committed to accumulating more BTC.
Crypto custody is also evolving, with financial institutions expanding crypto custody services. This makes it easier and safer for large investors to hold and manage digital assets.
Even politics is seeing a crypto shift. Trump’s recent profits from crypto demonstrate that mainstream figures are embracing the potential of digital assets.
These developments show that both Wall Street and Washington are becoming more crypto-friendly, which could further fuel Bitcoin’s climb past $100,000.
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