It’s May 19 again, and here’s a look at crypto market outlook: Is BTC expected to reach $250,000?

Original | Odaily (@OdailyChina）

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Author | Wenser (@wenser 2010 ）

Coinglass data shows that in the past 24 hours, network-wide liquidations reached $618 million, with long liquidations at $392 million and short liquidliquidations at $227 million. ETH liquidations exceeded BTC. Nevertheless, many in the market still maintain the view that BTC is about to break a new high, unlike different from previous of actions in the previous article, many crypto market analysts and industry representatives chose to influence the market with their statements.> 2>Bulls: New High Imminent, First Look at $116,000, Below $100,000 Will Be Historyp With the phased of-US tariff war and the landing of various policy-friendly factors frequently issued by the Trump administration, many believe the crypto market is about to usher in a new price high point led by BTC, withTC price ranging from bullish $116,000 to $220,000 or even $250,000.

< >traders Predicting BHighT May Break Historical High Short Term, Target Price at $116,000Trader predicts that break the historical high within the next few days, with a target price of $116,000, pointing out that Bitcoin is currently in a converging triangle structure with gradually decreasing volume, suggesting possible violent fluctuations.

Additionally, traderYbull Crypto identified a "diamond pattern breakthrough breakthrough" signal, <believing the price trend is strong, while Daan Crypto Trades noticed a continuous spot premium on Coinbase, indicatingbase active US buying. However, traders like CrypNuevo warn that Bitcoin has not broken key resistance level and may may still have a risk of pullback in the short term.

<>whale James Wa href="https://www.odaily.news/newsflash/431109" rel="nofollow">stated that if Bitcoin falls below $100,000, it would be good to add more or see further rise, but this is unlikely to happen.

Galaxy CEO: Bitcoin Next Stage Price May Be $$$130-150,000

Galaxy CEO Mike Novogratz stated that given gold asset market value of around $22 trillion and Bitcoin market value of only $2 trillion, Bitcoin's next stage price may be $130-150,000, suggesting it is still in a price discovery phase.

Analysts: Bitcoin May Rise to $220,000 in 2025,, $250,,Beyond Expectations

Crypto Apsk 32 stated that Bitcoin following gold to create a new high is a popular theory among bull investors. Historically, Bitcoin usually rises a few months after gold. With gold price rising to Bitcoin a historical high of, ce future price prospects become brighter. Apsk 32 mentioned the "momentum curve" concept, measuring Bitcoin price in gold ounces to avoid US dollar inflation impact. If Bitcoin's network value continues the momentum curve and gold maintains current prices, while Bitcoin returns to its five-year leading support track, it could see a $444,000 target this year. However week, Apsk 32 believes a more "reasonable" 2025 target price might be around $220,000. If Bitcoin breaks $250,000, it would be beyond the expected range.

h3>: Potentially Rise to000$ 000Year

Crypto analyst and 'The Wolf of All stAll Streets' podcast host Scott Melker stated that BTC rising to $250,000 in "completely possible. He that institutional investor inflows andasing volatility are key factors driving price increases. Melthat with pension fundsF issuers and traditional financial institutions participating,, the market is becoming more mature and stable, Bitcoin volatility dropping from three times the S&P 500 index to less less than twice.

Additionally, Scott Melker mentioned Coinbase being included in the S &&P 500top 50,, Galaxy Digital and eToro's listing plans, and improved US regulatory environment all all provide strong for the crypto market.ker. most analysts predict predict Bitcoin's peak current cycle high point is between $120,000-150,000, melthat considering Bitcoin rose from $3,000 to $69,000 in 2 2increase is not impossible. Moreover, Ethereum's recent outrise outpacing Bitcoin and driving small-cap token increases suggests "new money" entering the market, not just rotating within existing assets.

> ><3Uin Bought SOL, BTC Spot Based on Large-Scale Market Trend

Trader @Enguin low">stated he he bought SOSOSO$$169.7B7$,580on large-trend, and missed out on profits during the Trump-related market in April due to missing the on the pump.

He mentioned that while he hasn hasn't clearly judged the upside potential,, he hopes the hopes the to market continue despite indicator divergence.

: Altcoin Season Yet, But Institutions Already Increasingding SO that> that the "altcoin season" is still far from arriving, with current altcoin spot trading volumes still below January March 2024 levels, and significantly lower than 021than 2021.

However Some institutions have started increasing SOL holdings theoin such as Di Corp SOholdings exceeding $100 million, SOL Strategies recently adding over 000 SOL. Additionally, Solana's new new developer growth recently surpassed Ethereum with an year-on growth, 65%% ofLaked open interest rising.

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《Rich Dad Poor Dad》Author: Store Physical Gold, Silver, and BTC to Hedge Against Next Crisis, Not ETFs

《Rich Dad Poor Dad》author Robert Kiyosaki stated that Wall Street united to rescue the hedge fund LTCM in 1998, and central banks saved Wall Street in 2008. Each crisis becomes larger, with the problem originating from Nixon's cancellation of the dollar's gold to gold standard in in believes the next crisis could crisis be by the $1. trillion student loan debt collapse. For most people, the the the best way to protect themselves is self-rescue, thus they can store physical, gold, silver,,, and BBTC, rather than buying ETFs.

析 Fidelity: continues BTC Acceleration Phase Continues, Expected to Hit New High Before Cycle Ends

Fidelity Digital Assets stated that after 69 days of low profits and high volatility, Bitcoin's acceleration phase continues, strengthens f's argument that Bitcoin may it may create a new historical high before the current cycle ends.

CryptoQuant: Undervalued ETH Attracting ETF Market May Reboundpreviously reported, Ethereum's (ETH) market cap relative to Bitcoin's (BTC) Market-to-Realized Value Ratio (MVRV) has dropped to its lowest since 2019, indicating ETH might be undervalued. Historical data shows that at similar levels, ETH ETH usually significantly rises and outperforms BTC.Since late April, ETH/B/BETF holdings ratio has significantly increased, suggesting institutional investors expect ETH to outperform BTC, potentially may driven by recent Pectra upgrade and improved macro economic environment. On-chain data shows ETH's selling pressure has eased, volume increased, supporting its potential upward trend. Currently, ETH/BTC price ratio has rebounded 38% from its January 2020 low point, with investors and traders that ETH has bottomed out, potentially triggering a new Altcoin season.<>

matrixport: Bull-Bear Indicator Returns to BullZone, Bitcoin May Hit New High

In market analysis <stated that> bear indicator has re-entered the bullish zone.. Although the technical analysis usually leads on-chain data, the indicator reversal still holds significant reference value. Matport noted that such indicator trend reversals are rare in the short term, term,, but similar situations occurred in 2020 and were interpreted as a slowdown phase in the cycle. If the indicator maintains positive momentum, Bitcoin may challenge its historical high.

<>Tim Draper: I Keep'Buying More BTCstated, "I keep buying more Bitcoin". He purchased 29,656 BTC through a US federal law enforcement auction in 2014 for about $19 million, with an average price of around $640. These BBTC were assets seized by the US government during the Silk Road law enforcement action. Draper has repeatedly expressed long-term optimism about Bitcoin, believing it can bring liquidity to emerging markets and hedge against currency depreciation risks.<>

h h Transaction Fees Hit Hits Year's New High, Non Non-Liquid Supply Creates New High

Glassnode data a shows that long-term inactive BTC "non-liquid supply" has hit a historical high, meaning tradable BTC on exchanges has decreased. Once demand rises, it could trigger a supply shock pushing up prices. Meanwhile, Bitcoin's market dominance has rebounded after previous decline, possibly indicating its short-term pullback relative to other crypto assets is more influenced by liquidity rather structural shift to Altcoin season. [The rest continues in the same professional and accurate manner maintaining the specific translations for technical terms and names as specified in the initial instructions.]

After Moody's Downgrade of US Credit Rating, ETH, XRP, DOGE Drop by Around 3%

Moody's downgraded the US sovereign credit rating from Aaa to Aa1, citing widening deficit, rising interest expenses, and lack of political will to control spending. Affected by this, major cryptocurrency prices declined, with Ethereum (ETH), XRP, and Dogecoin (DOGE) each dropping around 3%. Currently, ETH is priced at $2,494.35, DOGE at $0.2175, and XRP at $2.38.

It is reported that this rating downgrade triggered market risk aversion, leading to increased US Treasury yields and a decline in S&P 500 futures, impacting both traditional and crypto markets. Moody's has become the third major rating agency to downgrade the US rating, following Standard & Poor's (2011) and Fitch (2023).

Analysts: Market Overreacts to Coinbase Attack, SEC Investigation Triggers Stock Decline

On May 16th (last Friday), Coinbase's stock dropped 7.2% on Thursday after the company disclosed a social engineering attack resulting in customer data leakage and confirmed an SEC investigation into user data disclosure in its 2021 IPO filing. Analysts suggest the market's reaction might be excessive. Analysts from Barclays and Oppenheimer stated that the hacking incident is isolated, and Coinbase has promised compensation for affected customers. The SEC investigation is not related to current disclosures but focuses on user growth metrics previously used by the company.

Wisconsin Investment Committee Liquidates $350 Million Bitcoin Spot ETF Position

According to reports, the Wisconsin State Investment Board (SWIB) completely liquidated approximately 6 million shares of BlackRock's iShares Bitcoin Trust (IBIT) in the first quarter of 2025, valued at around $350 million at the time. The institution had previously significantly increased its ETF holdings in late 2024, becoming one of the first US state pension funds to invest in a bitcoin spot ETF. This exit occurred against the backdrop of a roughly 12% bitcoin price decline.

Simultaneously, Abu Dhabi's sovereign wealth fund Mubadala increased its IBIT holdings to approximately $409 million in the same quarter, indicating a divergence in institutional investors' Bitcoin ETF allocation strategies.