Market updates
New Bitcoin Peak Spurs Hope and Caution
Beginner
2025-05-23 | 5m
Bitcoin recently reached a record high price of $109,458, continuing a strong upward trend with seven straight weeks of growth. This marks a period of intense investor confidence, with experts predicting the price could rise even further—possibly reaching between $135,000 and $320,000 by 2025. These forecasts are based on tools like the Fibonacci extension, which help identify future price targets using past price behavior.
Despite the excitement, seasoned traders urge caution. Some analysts note that new highs are common during bull markets and not always a sign of long-term stability. One expert sees potential for Bitcoin to rise to $150,000 by late summer, while another sees an even more dramatic increase to over $300,000, citing long-term chart patterns and market cycles.
However, as prices climb, so does risk. Heatmaps show many traders using high leverage, which could lead to sudden losses if the market turns. Experts warn that overconfidence and hype around all-time highs can create traps for investors. The message is clear: while Bitcoin shows strong growth, smart risk management is essential to navigate the volatile crypto market.
Source:
Cointelegraph
Futures Market Updates
In the past 24 hours, BTC futures saw a decline in both open interest (-1.79%) and trading volume (-49.09%), indicating a pullback in market activity. In contrast, ETH futures experienced a notable increase in open interest (+8.05%) despite a significant drop in volume (-31.41%), suggesting rising positions amid reduced trading. Both markets had more short liquidations than long, with ETH ($42.48M) seeing significantly higher short liquidations than BTC ($26.68M). The long/short ratios for both assets remained nearly balanced, while ETH’s funding rate (0.0120%) was slightly higher than BTC’s (0.0089%), pointing to relatively stronger bullish sentiment in ETH futures.
BTC Futures Updates
Total BTC Open Interest: $79.65B (-1.79%)
BTC Volume (24H): $112.28B (-49.09%)
BTC Liquidations (24H): $14.71M (Long)/$26.68M (Short)
Long/Short Ratio: 50.29%/49.71%
Funding Rate: 0.0089%
ETH Futures Updates
Total ETH Open Interest: $34.65B (+8.05%)
ETH Volume (24H): $99.18B (-31.41%)
ETH Liquidations (24H): $20.69M (Long)/$42.48M (Short)
Long/Short Ratio: 49.77%/50.23%
Funding Rate: 0.0120%
Top 3 OI Surges
DIS: $686.27K (+836.25%)
B: $13.43M (+303.33%)
kSHIB: $9.14M (+233.96%)
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