Shaw, Jinse Finance
Recently, the global market has been turbulent. Bitcoin has created a new historical high after nearly two months.
While the financial market is generally focusing on the Federal Reserve's policy direction, Bitcoin suddenly gained momentum early this morning, continuously breaking through the $110,000 mark and the May 22nd high point, reaching a peak of $112,009 (CMC data shows $111,925.38), with a 3.1% increase, bringing its cumulative gain this year to nearly 20%. This Bitcoin surge has driven the rise of almost the entire cryptocurrency market.
Previously, during the important industry holiday "Pizza Day", Bitcoin had just broken through $110,000. In less than two months, Bitcoin has again refreshed its previous high. What factors have stimulated this sudden Bitcoin surge? What will the market's future trend be?
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]3. CryptoQuant analyst Axel Adler Jr stated that Bitcoin's 30-day Unrealized P/L Ratio is at the 80th percentile level. This indicator shows that the ratio of coins in profit to coins in loss is significantly higher than usual, with most Bitcoin holders in a profitable state. Since the indicator has not reached the extreme range of 90-100%, this means that Bitcoin's price still has room for further increase before holders begin actively selling.
4. 21Shares cryptocurrency research strategist Matt Mena said: As M2 money supply begins to rise again, historical data suggests that some liquidity will flow into Bitcoin and other digital assets. Historically, Bitcoin's price has tracked M2 money supply, which is the Federal Reserve's estimate of liquid assets, including cash, deposits in checking accounts, savings accounts, and other short-term savings instruments like money market funds. Cryptocurrency influencer Anthony Pompliano stated: If Bitcoin continues to follow the growth of money supply, we might see the price of each Bitcoin reach $150,000 by the end of the year.
5. Coindesk analyst Omkar Godbole indicated that on-chain analysis shows a potential bullish trend, with more and more traders believing that Ethereum (ETH) is likely to reach $3,000 in the near future. Additionally, the Ethereum validator architecture is undergoing transformation, which could consolidate ETH's position as Wall Street's most popular programmable asset.
6. ARK Invest CEO Cathie Wood stated that BTC price will grow 15 times in the next five years. "BTC represents a unique global monetary system, and its volatility is decreasing as more investors hold it."
