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Bitcoin crossed the new historical summit to more than $ 111,000, but without the usual storm of an excessively excited market. This year, May 22, 2025, Crypto Reine took place in confusing peace, far from past speculative sparkling. Such a mismatch between price performance and analysts for market deduction. Some consider this to be the beginnings of a regime change: more mature dynamics, supported by solid foundations rather than irrational enthusiasm.
In short
- Bitcoin reaches a new historical summit to more than $ 111,000 22. 2025 without causing euphoria in the markets.
- Unlike the previous cycles, there was a current increase without a massive lever or excessive speculation.
- Analysts notice the absence of Fomo, considered a potential bull signal for the coming months.
- In the absence of euphoria, macroeconomic signals and the on-line increase increase in the rise on healthier foundations.
Output without euphoria: Surprisingly rational market
The recent Bitcoin summit for more than $ 111,000 was accompanied by a rare phenomenon in the history of crypto: almost complete absence of euphoria on the market.
Observations of shared several analysts, including economist Alex Krüger, who did not hesitate to qualify this episode as “New Historical Summity least euphorics” In the X (Ex Twitter) Social Network report on May 22, 2025.
Funding rates in most crypto exchanges are at the baseline or below it. This is the least euphoric new all time highs in the history of bitcoin. pic.twitter.com/3AvjiTS9Ih
— Alex Krüger (@krugermacro) May 22, 2025
In other words, the historical summit has never been achieved by such a small blow. Market data confirms this. Important facts to be remembered are:
- Very low financing: Aggregated Coanyze data show that bitcoin term contracts are significantly lower than the contracts observed during the peaks in March and November 2024. Míra was six times higher in the first quarter and three times higher in the fourth quarter of 2024.
- Rally transmitted to Spot Purchases: Unlike previous cycles, it seems that this increase is supplied mainly by buyers from the cash market, not the lever traders. This reduces the risk of brutal corrections associated with massive liquidation.
- Slight profits: Glassnode reports that the volume of profit during ATH 21st 2025 was only $ 1 billion, less than half of the 2.1 billion recorded at $ 100,000 in December 2024.
- Self -confidence of the long -term holder: This behavior suggests that long -term investors retain their positions on bitcoins and bet on the sequel in the medium term.
This context reflects significant development in the investor’s crypto profile. Despite the madness, caution prevails, and this more disciplined rise could prove to be a stronger base for the market than the parabolic moves of the past.
Awaiting liquidity: Bull potential still intact
In addition to this surprising market rationality, there is another indicator of optimism analysts: the availability of important reserves of liquidity prepared for injection into the ecosystem.
The Stablecoins market is one of the most respected signals. This year their capitalization increased by 14 %, with harness (USDT), which increased from 139 to 152 billion and USD coins (USDC) by 35 %, ie 58 billion.
In fact, these active ingredients, often used as an entry into crypts, still represent a largely insufficiently used battle power that is likely to feed a new wave of purchases in the coming months.
In addition, global money supply (m2) increased by 5 %in the first quarter of 2025. This increase, which can be attributed to flexible monetary policies in the United States, Europe and Japan, strengthens prospects for the influx of capital to these assets.
There is a correlation greater than 80 % with an inconsistency of approximately 60 days between the development of the bitcoins price and the price of global liquidity, which in the near future suggests a strengthening of demand.
If this signal connection does not mean an automatic price increase, it represents fertile soil for the new market phase of bulls. Paradoxically, the current absence of madness could be an opportunity: an opportunity for a more sustainable procedure, transmitted by less speculative investors and better calibrated capital items. It seems that Bitcoin will eventually move away from their past excesses to approach a more structured phase of growth, in context where some observers do not rule out Extreme scenario award for $ 500,000.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.