Bitcoin skyrockets to $106,200, just 2.4% away from its January 2025 all-time high. With significant inflows into ETFs and institutional interest fueling the surge, could a new ATH be on the horizon? Explore the driving forces and prospects behind this rapid ascent.
The Bitcoin is currently trading at $105,200, just 4% away from its all-time high of $109,286 set in January 2025. Fueled by massive inflows into ETFs and renewed institutional interest, the king of cryptocurrencies could hit a new all-time high today.
After hitting a peak this morning at $106,700, Bitcoin is edging closer to its all-time high (ATH) of $109,286 set in January 2025. This upward move signifies a spectacular recovery following the April correction that dipped the price below $90,000. The Bitcoin has already set a new weekly closing record above $106,000 last Sunday, signaling strong bullish momentum.
To reach a new ATH today, Bitcoin would need to rise by about 4%, an increase of approximately $4,000. This target seems within reach given recent market movements and the massive influx of capital into the crypto ecosystem.
“Bitcoin has shown remarkable resilience in recent weeks, with steady progress despite some profit-taking. Breaking through $106,000 and holding above that level suggests an ATH test is imminent,” analyzed a recent report by Decrypt.
The main catalyst for this surge towards a new all-time high lies in the massive inflows into US Bitcoin spot ETFs. According to the latest data, these financial products recorded a net inflow of $667.4 million on May 19, marking the fifth consecutive week of positive entries.
Collectively, Bitcoin ETFs have now attracted over $40 billion since their launch in January, a figure surpassing all initial analyst expectations. The BlackRock “IBIT” ETF continues to dominate the market, with $356 million inflows last week, marking its longest streak of positive inflows in 2025.
These ETFs collectively acquired an additional 26,700 BTC in May, compared to just 7,000 in April, indicating a significant acceleration in institutional demand. This continual absorption of available supply creates sustained bullish pressure on the price of Bitcoin.
Another key indicator pointing towards a potential new record is the significant increase in trading volumes. Bitcoin trading volume on spot markets reached $35 billion on May 18, a 22% increase from the previous week.
This rise in volume accompanying the price surge is generally seen as a bullish signal, indicating strong market support at these price levels. Technical analysts emphasize that price movements accompanied by high volumes tend to be more sustainable than those occurring in a low liquidity environment.
Moreover, this surge is largely driven by massive volumes from institutions like Michael Saylor’s Strategy and MetaPlanet.
Indeed, beyond the ETFs, institutional adoption of Bitcoin continues to accelerate. Several major companies have recently announced strategic allocations into Bitcoin, bolstering the asset’s legitimacy among traditional investors.
Regulatory filings with the US SEC show that many leading asset managers increased their exposure to Bitcoin in the first quarter of 2025, either directly or through spot ETFs.
“We are witnessing a paradigm shift in how financial institutions view Bitcoin. What was once seen as a speculative asset a few years ago is now regarded as a legitimate component of a diversified portfolio,” noted a recent report by Reuters.
The macroeconomic backdrop also favours a new Bitcoin record. Expectations of interest rate cuts by the Federal Reserve in the coming months continue to support risk assets, including cryptocurrencies.
Furthermore, persistent concerns regarding inflation and fiat currency depreciation strengthen the investment thesis of Bitcoin as a store of value and hedge against inflation. This narrative has gained credibility among institutional investors, as evidenced by the increasing adoption of Bitcoin by traditional asset managers.
Despite these positive signals, several factors could hinder the establishment of a new all-time high today:
Given the current fundamentals and market dynamics, a new Bitcoin all-time high seems to be a matter of “when” rather than “if.” Whether it happens today or in the days to come, the stage appears set for Bitcoin to surpass the $109,000 mark and establish a new all-time high.
Analysts are mostly bullish for the rest of 2025, with price forecasts ranging from $150,000 to $250,000 by year-end. These projections are based on the continuation of current trends: sustained inflows into ETFs, increasing institutional adoption, and a favorable macroeconomic environment. According to Atalantis, an ATH could be reached before the end of May:
“We hit an all-time high (ATH) in a 1-day, 3-day, and 1-week period, reaching $107,000 thanks to regular purchases by Metaplanet (100 million) and MSTR this weekend. The momentum and technical data still look favorable, and the spot market has returned to a 2.5%/5% supply range. So, I hope we will attempt a new ATH by the end of May,” stated analyst Atalantis.
For investors, the question may no longer be whether Bitcoin will reach a new high but how high it can go in this bullish cycle and what strategies to adopt in the face of this potentially lucrative yet risky volatility.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
