Main Driving Factors


Several sentiments currently influencing Bitcoin prices include:
ETF Fund Flows: The influx of institutional capital through Bitcoin Exchange-Traded Funds (ETFs) reached about $625 million in a single trading day in early May, boosting market confidence.
Geopolitical Sentiment: Global uncertainty prompts investors to view Bitcoin as a hedge asset outside the traditional financial system.
Derivative Dominance: Most of the price increase from April to early May was driven by perpetual futures trading (leverage), while demand in the spot market tends to be calmer.
4. Things to Watch Out For
BTC-1.69%
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