As the United States & Chinese officials are calling a 90-day truce on each otherโs goods, market sentiment quickly shifted to cheerful. Cryptoโs Fear & Greed Index now points to 70, a quarterly sentimental peak, as crypto market participants are no longer fearful.
Bitcoin Maxis Are Confidently Upping Their Stake
Indeed, cryptoโs showpiece asset BTC clinched the $100K threshold on May 8, 2025 and hasnโt looked back so far. Getting back to the desired three-zero territory, Bitcoin (BTC) saw massive crypto whale inflows in the recent days.
To illustrate, MicroStrategyโs CEO Michael Saylor just bagged another 13,390 Bitcoins (BTC) at an average price of $99.856. Namely, this happened between May 5, 2025 and May 11, 2025, boosting the tech companyโs Bitcoin balance to 568,840, according to LookOnChain data.
How Bitcoin Price Today Caught Bears Off-Guard
As Bitcoin (BTC) enjoys this monumental rally, short-selling crypto market participants get hit with a tsunami of liquidations. However, the worst for crypto bears is yet to come if Bitcoin price today scorches to a new all-time record.
With a 3.2% distance to a new all-time high, BTC price could trigger a mouth-dropping $2 billion in short position liquidations on Derivatives markets. In the latest 24-hour window, the stats have been brutal for Bitcoinโs (BTC) short-sellers with $57 million in over-leveraged liquidations.
However, the CoinGlass leveraged position liquidity data shows that a grandiose liquidation of $2 billion is yet to come if crypto bulls keep buying Bitcoin (BTC). Presently, this is not the case due to the Chaikin Money Flow (CMF) flashing figures below zero, as depicted in the chart below.
On a brighter note, the fact that Bitcoin price today is trading above the 200 Exponential Moving Average (EMA) line serves as a good sign of a sustainable rally. Depicted in blue, the 200-EMA metric smooths about trading averages over the cumulative period of 200 days, but basing BTC price predictions on it alone could be misleading.
To clear that up, technical crypto traders can employ additional research instruments like the Parabolic Stop & Reverse (SAR), which works well with the 200-EMA. On the other hand, the roller-coaster ride of global crypto & stock markets is highly dependent on geopolitical factors, which donโt necessarily take on-chain signs into consideration.
On The Flipside
- If Bitcoin price today goes the opposite direction and slumps back to $102,700, this could trigger $1.45 billion in over-leveraged long BTC price placements, according to trader Ali Martinez.
Why This Matters
As the global economy deadlocks have been broken between two giant players, the healthy trade environment could be deemed bullish for Bitcoin in the long-term.
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