29 May 2025
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Bitcoin Reaches New ATH of $111,980 Amid Low Retail Participation
Bitcoin (BTC) reached a new all-time high (ATH) of $111,980 on Binance, surpassing its previous ATH of $108,786 from January 2025. Current rally lacks retail investor participation, which has historically supported sustained bull markets.
Bitcoin Rally Low On Retail Interest
- Retail activity during the BTC rally is notably subdued.
- Transfer volume in the $0 to $10,000 range shows only slight increase despite price surge.
- Current momentum appears driven by institutional investors.
- Institutional firm Strategy continues to accumulate BTC, nearing 600,000 BTC holdings.
- Historical patterns indicate that significant retail volume is needed for sustained price increases.
- Analyst suggests that retail participation needs to increase for continued price expansion.
"We’re seeing early signs of movement, but it’s not yet a breakout. If retail volume kicks in over the next few weeks, new ATHs may just be the beginning."
Predicting BTC’s Next Move
- BTC reserves on exchanges are decreasing rapidly; Coinbase saw an outflow of 7,883 BTC.
- Technical indicators suggest potential for BTC to reach another ATH soon, eyeing $112,000.
- Mixed whale behavior observed; short-term whales taking profits while long-term holders remain stable.
- Medium-term outlook remains positive, with predictions of a $200,000 price target by the end of 2025.
- Current BTC price at $108,802, down 0.6% in the last 24 hours.