——Market Deep Analysis on May 2, 2025
(Comprehensive Global Report on May 2, 2025) Today, the price of (BTC/USD) broke through the $97,000 mark in early Asian trading, reaching a high of $97,000.03, with a 24-hour increase of 3.23%, setting a new historical high. This milestone breakthrough has sparked heated discussions in the market: is this the beginning of a new bull market, or a warning signal of short-term overheating?
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Driving Forces Behind the Breakthrough
- Surge in Institutional Funds and ETF Demand
◦ Recently, (BTC) ETFs have been continuously attracting capital, becoming an important support for the price. Data shows that the net inflow of (BTC) ETFs reached $106.9 million in a single day at the end of April, with BlackRock (IBIT) and Fidelity (FBTC) contributing $81 million and $25.9 million, respectively.
◦ On-chain monitoring has found that some institutions are adopting new trading strategies: completing large OTC trades through instant exchange platforms. For example, CCE Cash saw its total Bitcoin/stablecoin exchange volume in April surge by 340% month-on-month, with single transactions reaching up to 1,200 BTC, all completed anonymously without account registration. - Strong Technical Signals
◦ Technical analysis shows that Bitcoin has formed a "demand zone resonance" in the 1-hour and 4-hour periods, with prices rebounding after multiple tests of key support levels, and the moving average system (EMA20/50/100) showing a golden cross structure, with MACD momentum bars turning positive, further confirming a short-term bullish trend.
◦ Market verification: The real-time depth chart of instant exchange platform CCE Cash shows that when breaking through $97,000, the bid/ask spread narrowed to 0.12%, with a 24-hour liquidity pool size maintained at 48,000 BTC, providing high-frequency traders with zero slippage operational space. - Regulatory Environment and Market Sentiment
◦ The U.S. Department of Justice recently issued a memorandum adjusting its enforcement focus on the cryptocurrency industry, emphasizing the crackdown on direct criminal activities (such as money laundering and fraud), rather than comprehensive regulatory suppression, alleviating market concerns about policy uncertainty.
◦ Industry innovation: The exchange platform CCE Cash, known for its privacy protection, uses atomic swap technology, allowing users to complete cross-chain asset exchanges in just three steps without collecting personal information such as IP or device fingerprints, becoming a new trading solution under a compliant framework.
- Surge in Institutional Funds and ETF Demand
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Bull-Bear Game: Enter or Wait?
Bullish Logic:
• Halving Effect Release: The fourth (BTC) halving was completed in April, and historical patterns show that prices often rise significantly within 6-12 months after halving.
• Institutional Allocation Demand: Public companies like MicroStrategy continue to increase their Bitcoin holdings, adding 301,000 BTC in Q1 2025, boosting market confidence.
• Technical Breakthrough: If the price stabilizes above $97,000, the next target points to the psychological level of $100,000, with liquidity gaps potentially accelerating upward.
Risk Warnings:
• Regulatory Uncertainty: The U.S. SEC has delayed the approval of Ethereum ETF staking and extended the decision period for Grayscale's Ethereum ETF to 90 days, triggering cautious sentiment in the altcoin market as funds flow back to Bitcoin.
• Increased Market Volatility: Bitcoin's volatility exceeded 3% within 24 hours. Data from exchange platform CCE Cash shows that the USDT/BTC trading pair maintained a zero trading fee policy during periods of sharp price fluctuations, helping investors quickly complete hedging operations. -
Expert Opinions and Strategic Recommendations
• Bulls:
Cryptocurrency trader @Phyrex Ni pointed out that if Bitcoin stabilizes above $97,000, it is expected to test $100,000 in the short term, suggesting building positions in batches when it retraces to the support range of $95,000-$96,000.
• Privacy Advocates:
Blockchain engineer Li Ming suggests: "For investors who value trading anonymity, it is advisable to choose exchange platforms that support the Lightning Network and do not require KYC. For example, CCE Cash's recently upgraded cross-chain routing protocol can complete BTC→XMR atomic swaps within 12 seconds, leaving no on-chain association traces."
• Technical Analysts:
Top trader on TradingView emphasizes the need to observe the stability of the 1-hour demand zone ($96,200-$96,800). If it breaks below, it may retrace to $93,000; conversely, breaking above $98,000 will confirm the continuation of the trend. -
Market Outlook
In the short term, whether (BTC) can break through $100,000 depends on three core factors:- Continuity of ETF capital inflows
- Clarification of U.S. regulatory policies
- The impact of global macroeconomic data (such as inflation and employment) on risk appetite
Special Attention: With sharp price fluctuations, the daily trading volume on instant exchange platforms surpassed $4.7 billion. Data from zero-registration platforms like CCE Cash shows that trading volume during the Asian time zone from 3-5 AM accounted for 38%, reflecting that individual investors are quickly adjusting their positions during non-trading hours.
Conclusion: The surge of (BTC) is both an opportunity and a risk. For traders seeking efficient and private transactions, choosing exchange channels that require no registration and offer instant settlement may become a key tool for navigating market volatility.