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Bitcoin gathered to the highest levels of new prices, as the financing rates and commercial morale remained unusually defeated.
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The rise in Stablecoin supplies and the global M2 growth indicates that is not exploited liquidity and the possibility of increasing prices.
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The owners do not sell in the long run strongly, which reflects their expectations for the continued estimation of the bitcoin price.
Bitcoin (BTC) reached the highest new level ever on May 21, as prices rose to 111,860 dollars on Binance on May 22, but the markets lack the frenzy associated with the highest new levels. Economic and attachment to encryption Alex Kruger male “This is the lowest new levels at all times” for Bitcoin, after highlighting the informative funding rates for Bitcoin by exchanging encryption.
Graph It is clear The current BTC financing rate is much lower than the highest level of the previous market that was observed during March and November 2024. The financing rate was six times higher in the first quarter and three times higher in Q4 last year.
These low rates indicate the minimum speculation activity in the futures market, with the gathering led by immediate buyers instead of traders who are used, which reduces the risk of excessive corrections.
Such a scenario also indicates that Bitcoin may have not reached a state of euphoria yet.
The availability of inconsistent liquidity in the ecosystem, the encryption, emphasizes the possibility of increased growth. Stablecoin market value is often a pioneering indication of the next capital, It rose to 14 % in 2025. The Tether (USDT) market has jumped to $ 152 billion from $ 139 billion in January, while Circle’s USDC supplies rose by 35 % to $ 58 billion.
Stablecoins often acts as a new capital bridge that enters the encryption market, and its growth indicates a wide range of liquidity that has not been fully published in Bitcoin and other encryption assets.
In addition, global liquidity trends provide more winds. The M2 Money show, which measures the total money circulating across major economies, has grown 5 % in the first quarter of 2025, driven by monetary policy amendments in the United States, the European Union and Japan.
Cointelegraph has reported a strong relationship, exceeding 80 %, between the price of Bitcoin and global liquidity, usually with a 60 -day delay, indicating an increase in pressure in the coming months.
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The “silent” profit reflects confidence in Bitcoin
Glassnode data adds another layer of insight into the current market dynamics of Bitcoin. Despite the new highlands, a profit between bitcoin holders is still restricted. Data analysis platform male,
“When $ BTC reached the highest level ever yesterday, the total profit achievement volume reached about 1.00 billion dollars-less than half of the amount that was achieved when #BTC first crossed $ 100,000 last December, which amounted to $ 2.10 billion.
This silent activity indicates that long -term holders do not rush to the exit exchange, which usually reflects confidence in more prices.
The lack of participation indicates that Bitcoin is not a crowded trade, leaving room for new capital to enter the market. Achieving restricted profit, along with low speculative activity in the futures market, paints a picture of the market away from the high temperature or “euphoria”.
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
