HashWhale BTC Mining Weekly | Bullish Structure Continues, Mining Revenue Resilience Remains Strong (5.10-5.16)

Author: Monkey | Editor: Monkey

1. Bitcoin Market

From May 10 to May 16, 2025, the specific trend of Bitcoin is as follows:

May 10: Bitcoin showed a slow upward trend throughout the day, briefly breaking through to $103,347 before experiencing a technical pullback, retreating to around $103,000. Subsequently, bulls regained strength, pushing the price up to the day's high of $103,963. In the closing hours, influenced by profit-taking, it slightly retreated, closing at $103,189.

May 11: Bitcoin continued its upward trend, reaching a peak of $104,916 during the day, and then entered a phase of consolidation, fluctuating narrowly between $103,460 and $105,000. The market saw intensified long-short battles, showing an overall slow upward trend, aiming to build momentum to break through the upper resistance.

May 12: The trend continued the previous day's consolidation pattern, briefly achieving an upward breakout, reaching a high of $105,493. However, it soon faced significant selling pressure, with prices quickly dropping to $103,860 and $102,536, ultimately falling to a low of $101,311, breaching the key support level of $102,000, with short-term bearish sentiment prevailing.

May 13: After a slight rebound to $103,119 in the morning, Bitcoin fell to a low of $101,650. The market then restarted a corrective upward movement, rebounding to $102,848 and $103,879. Despite a minor technical pullback during this period, the overall trend indicated that bulls still had some support willingness.

May 14: Bitcoin continued the rebound momentum from the previous trading day, reaching a peak of $104,965 during the day. However, it encountered significant resistance near this level, leading to a price drop to around $103,500. The market further dipped to $103,010 but found short-term support at this position, quickly rebounding to $104,269, although it failed to maintain this level, instead entering a downward consolidation phase, with the closing price touching a low of $102,923, indicating intensified battles between bulls and bears.

May 15: Bitcoin opened at around $103,400 on May 15, briefly retracing to $102,888 before a short-term rebound, peaking at $103,840. However, due to insufficient upward momentum, it failed to break through the key resistance level and quickly fell back. The price dropped below the key support level of $102,000, hitting a low of $101,682, indicating short-term bearish sentiment. Although it rebounded to $102,801 in the evening, it could not stabilize and fell again to $101,698. In the closing hours, the market saw a recovery in bullish strength, with prices rapidly rising, forming a strong rebound trend.

May 16: Continuing the upward momentum from the previous trading evening, Bitcoin surged to $104,083. It then retraced, dropping to a low of $102,701. Afterward, the price fluctuated upward, and as of the time of writing, Bitcoin was reported at $103,893. If the current bullish sentiment continues, the market is expected to further challenge the key resistance area above.

Summary:

This week, Bitcoin exhibited a "surge-fall-consolidation" trend characteristic. Prices continued to oscillate upward at the beginning of the week, quickly falling back after failing to break through the high, briefly losing the $101,000 support level, with bearish sentiment dominating. Although it then entered a technical recovery phase, rebounding multiple times to a high of $104,965, the lack of sustained buying pressure led to weak rebounds and selling pressure, causing the trend to return to a downward oscillation rhythm, with another dip to $101,698 on May 15, forming the second low of the week. Entering May 16, the market saw a recovery in bullish momentum. The short-term oscillation pattern is expected to continue, with attention still needed on the breakthrough of the upper pressure zone.

Bitcoin Price Trend (2025/05/10-2025/05/16)

2. Market Dynamics and Macroeconomic Background

Capital Flow

1. Market Overview: Bitcoin Market Share Decline

As of May 14, 2025, according to TradingView data, Bitcoin's market share has decreased to 62.01%, down about 3% from 63.93% at the beginning of the week.

The decline in Bitcoin's market share may indicate that capital is shifting from Bitcoin to other crypto assets, or that market demand for Bitcoin has weakened.

2. Exchange Capital Flow and Investor Structure Changes: Retail and Whale Funds Entering the Market

Centralized Exchange (CEX) Net Outflow

According to Coinglass data, on May 10, 2025, centralized exchanges experienced a cumulative net outflow of 6,198.60 Bitcoins in the past 24 hours, with the top three exchanges by outflow being: Bithumb: outflow of 2,792.60 BTC; Bitfinex: outflow of 2,221.76 BTC; Kraken: outflow of 1,331.13 BTC; additionally, Binance saw a net inflow of 421.73 BTC during the same period, ranking first in inflows.

Whale Trading Dynamics

May 11: According to Lookonchain monitoring, a whale address deposited 900 Bitcoins into Binance 6 hours ago, worth approximately $93.75 million.
May 12: The same whale address purchased another 821 Bitcoins, worth approximately $85.42 million. Data shows that this address accumulated a total of 1,721 Bitcoins over two days, with a total value of approximately $179 million.
Institutional Capital Outflow

May 13: According to André Dragosch, European Research Director at Bitwise, 9,739 Bitcoins were just transferred out of Coinbase, setting a record for the highest net outflow this year, indicating that institutional demand for Bitcoin is accelerating.

Retail Investor Enthusiasm Recovers

During the same period (April 28 to May 13), according to CryptoQuant analyst OroCrypto, retail traders are clearly returning to the Bitcoin market. The buying volume of retail investors has increased by +3.40% since turning positive on April 28, indicating a significant increase in interest from small investors, resonating with whale funds in a return trend.

3. Bitcoin ETF Capital Flow: Net Outflow Trend

According to CoinGlass data, as of May 16, 2025, Bitcoin spot ETFs experienced a cumulative net outflow of $426 million over the past 7 days.

Daily ETF capital inflow/outflow details for this week:

May 12: +$5.2 million
May 13: -$91.4 million
May 14: +$319.5 million
May 15: -$294.8 million

ETF Inflow/Outflow Data Image

Despite the capital inflow on May 14, the overall trend still indicates a weakening interest from investors in Bitcoin ETFs, possibly influenced by market volatility and macroeconomic factors.

Technical Indicator Analysis

1. Relative Strength Index (RSI 14)

According to Investing.com data, as of May 16, 2025, Bitcoin's 14-day Relative Strength Index (RSI) is 58.99, in the neutral to strong area, indicating that there is still room for price increases and has not yet entered the technically overbought zone. Meanwhile, the comprehensive technical indicator signal on the platform is "Strong Buy," reflecting that overall bullish sentiment dominates the market.

Previously, on May 12, BTC Markets analyst Rachael Lucas pointed out that although there are currently no typical signs of overbuying, after consecutive increases, the market may experience short-term consolidation or pullbacks. "If Bitcoin can consolidate adequately above $100,000 and confirm support, it will help solidify the upward foundation and promote further breakthroughs."

2. Moving Average (MA) and MACD Correlation Analysis

5-day Moving Average (MA5): $103,680.44
20-day Moving Average (MA20): $97,406.63
50-day Moving Average (MA50): $89,153.59
200-day Moving Average (MA200): $83,762.11

Current Market Price: $103,893

MA5, MA20, MA50, MA200 Data Image

The current price is above all major moving averages and slightly higher than the short-term MA5, indicating that the short-term trend remains strong. Meanwhile, the MA20 and MA50 show a clear upward trend, further confirming the upward medium-term trend. The MA200 is relatively far from the current price, indicating that the long-term bullish structure remains solid. The overall moving average system is in a bullish arrangement (MA5 > MA20 > MA50 > MA200), which is a typical strong upward signal.

This technical structure usually implies a strong trend continuation; unless there is a significant negative impact in the short term, the market may continue to maintain an upward pattern.

More notably, the weekly MACD has also released important bullish signals. According to Coindesk analyst Omkar Godbole, as of May 14, the Bitcoin weekly MACD histogram has successfully broken above the zero axis, marking a re-energization of medium to long-term bullish momentum. This technical breakthrough coincides with a critical point where Bitcoin rebounded from the 50-week simple moving average (SMA), highly resembling the trends seen in early 2023 and mid-2024—when BTC experienced significant increases following this structural signal.

Historical data shows that the MACD has only entered positive territory five times in the past five years, with only one instance (March 2022) being a false signal, suggesting that this technical indicator has high reliability in trend reversal judgments. If this round of signals follows historical patterns, the market is likely to welcome a new medium to long-term upward trend.

In summary, the short, medium, and long-term moving average systems and the MACD weekly signals resonate to strengthen the current bullish trend. If the market does not face significant negative events, Bitcoin is expected to continue its upward pattern and challenge historical highs.

3. Key Support and Resistance Levels

Support Levels: The current main support range for Bitcoin is between $101,000 and $101,600. This area serves as an important short-term support zone; if the price falls back to this area, it is expected to attract some bullish buying, potentially forming a technical rebound.

Resistance Levels: The initial resistance levels above are concentrated around $104,000 and $105,000. If it can effectively break through and stabilize above $105,000, it is expected to open up further upward space.

Overall, Bitcoin is currently at a critical technical position. If the price can break through $105,000 with increased trading volume, it is likely to challenge the $107,000 high. Conversely, if the price falls below the psychological level of $101,000, it may trigger further adjustments. Investors should closely monitor the price performance at key support and resistance levels, as well as changes in trading volume and technical indicators, to formulate corresponding trading strategies.

Market Sentiment Analysis

1. Optimistic and Greedy, Sentiment Maintains High Levels

Affected by Bitcoin's price oscillating at high levels, the overall market sentiment this week is characterized as optimistic and slightly greedy. The Fear & Greed Index remains in the "Greed" zone, reflecting that investors still hold a positive attitude towards the future market, leaning towards risk preference. However, the sentiment indicator has not moved further upward, indicating a tug-of-war between cautious sentiment and optimistic expectations in the market due to a lack of new upward momentum. This "high-level greed but not blindly optimistic" pattern suggests that the market is waiting for more clear signals to determine the direction of the next phase of movement.

2. Key Sentiment Indicators (Fear and Greed Index)

According to CoinMarketCap data, as of May 16, the Fear & Greed Index is at 69, in the "Greed" zone, indicating that investor sentiment is relatively positive. This week's sentiment index: May 10: 71 (Greed); May 11: 75 (Greed); May 12: 73 (Greed); May 13: 71 (Greed); May 14: 74 (Greed); May 15: 71 (Greed). The index fluctuated between 69 and 75 this week, maintaining an overall "Greed" zone, indicating that market sentiment is relatively stable, but potential volatility risks still need attention.

The Fear and Greed Index is an important tool for measuring market sentiment, with values ranging from 0 (extreme fear) to 100 (extreme greed). The current index is at 70, which falls into the "Greed" zone, indicating that investor sentiment is relatively positive, and there is some expectation of price increases in the market. However, excessive greed may signal that the market is overheated, necessitating caution against potential pullback risks.

Additionally, the stability of the index also reflects the market's recognition of the current price level, but in the absence of new driving factors, the market may enter a phase of oscillation and consolidation.

Fear and Greed Index Data Image

Macroeconomic Background

Federal Reserve Policy and Inflation Outlook

Despite recent U.S. inflation data coming in below expectations, indicating some relief in price pressures, Federal Reserve Vice Chairman Philip Jefferson expressed caution regarding future inflation in a speech on May 14. He noted that the new round of tariffs announced by the Trump administration could hinder the downward trend of inflation, leading to a short-term rise in consumer prices. Jefferson emphasized that the long-term impact of tariffs depends on the implementation of trade policies, supply chain responses, and overall economic performance. Although economic growth may slow, he believes that the current monetary policy stance remains moderately restrictive, suitable for addressing future economic developments.

The U.S. Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) data for April on May 13, 2025 (Tuesday). The data showed that the CPI rose by 2.3% year-on-year in April, the lowest level since February 2021, below the market expectation of 2.4%. On a month-on-month basis, the CPI increased by 0.2%, while the core CPI (excluding food and energy) rose by 2.8% year-on-year. Despite the overall inflation easing, analysts pointed out that this may only be a temporary phenomenon. The recent "Liberation Day" tariff policy announced by the U.S. government may exert upward pressure on prices in the coming months, particularly in categories heavily reliant on imports from China, such as furniture and household goods.

Currently, the Federal Reserve is maintaining interest rates, continuing to observe economic performance while waiting for clearer economic signals. The market generally expects two rate cuts of 25 basis points each in the second half of 2025, with the first possibly occurring in September. However, if future inflation data exceeds expectations, these rate cut expectations may be delayed or canceled, reflecting the Federal Reserve's cautious attitude toward monetary policy adjustments.

Trump Administration's Trade Policy

Regarding tariff policies, on May 12, 2025, President Trump announced a 90-day tariff suspension agreement with China. Under this agreement, the average effective tariff on Chinese imports to the U.S. will be reduced from 145% to 30%, while China will lower tariffs on U.S. goods from 125% to 10%. This temporary agreement aims to provide both sides with further negotiation space and alleviate ongoing trade tensions.

However, Federal Reserve officials and economists have warned that if tariff policies persist, they may hinder the decline in inflation, especially in the context of supply chain adjustments that have not yet been completed, potentially keeping prices of certain imported goods high, which would then be passed on to end consumers, raising overall price levels.

3. Hash Rate Changes

From May 10 to May 16, 2025, the Bitcoin network hash rate exhibited fluctuations, as detailed below:

On May 10, the Bitcoin network hash rate steadily rose from 820.36 EH/s, peaking at 985.34 EH/s, marking a temporary high for this cycle. It then began to oscillate downward, closing the day at 883.38 EH/s. On May 11, the downward trend continued, with the hash rate dipping to a low of 796.58 EH/s, but gradually rebounding in the following period, closing at 905.66 EH/s, indicating signs of short-term miner participation recovery. On May 12, the hash rate continued to rise, reaching a high of 940.22 EH/s, but then retraced, briefly falling to 937.91 EH/s before quickly dropping to a low of 844.72 EH/s, closing the day at 832.34 EH/s, reflecting pressure on hash rate withdrawal. On May 13, the day's trend showed a clear downward oscillation structure. The hash rate first dipped to 827.07 EH/s, then rebounded to 869.09 EH/s, but soon fell again to 803.47 EH/s, experiencing a slight rebound to 850.74 EH/s before ultimately dropping to 750.14 EH/s. On May 14, the Bitcoin network hash rate briefly fell to 706.81 EH/s, marking a temporary low. Subsequently, the hash rate quickly recovered, rebounding to 813.24 EH/s and 867.34 EH/s, indicating that network hash power is gradually recovering. Entering May 15, the hash rate continued its upward trend, briefly touching 987.94 EH/s, setting a new recent high, reflecting increased miner participation and enhanced network stability. The hash rate slightly retreated afterward, adjusting to around 828.11 EH/s, showing technical oscillation adjustments. On May 16, the hash rate rose again, continuing the phase of recovery, indicating that the Bitcoin network's computational resources are consistently recovering, and the overall hash power structure is becoming robust.

Overall, during this cycle, Bitcoin's hash rate exhibited a "withdrawal followed by recovery" trend characteristic. The fluctuations may reflect strategic adjustments by miners, changes in electricity costs, or geopolitical shifts in hash power. Despite some mid-term pullbacks, the rapid rebound at the end of the phase shows that the overall network hash power possesses certain resilience. Attention should continue to be paid to key on-chain indicators such as hash power distribution, miner profitability, and block generation time to assess the sustainability of hash power trends and the health of the market.

Bitcoin Network Hash Rate Data

4. Mining Revenue

According to YCharts data, the daily total revenue of Bitcoin miners (including block rewards and transaction fees) for this week is as follows: May 10: $48.9 million; May 11: $49.49 million; May 12: $50.19 million; May 13: $42.59 million; May 14: $48.03 million; May 15: $48.12 million. Overall, the average daily total revenue for miners this week remained roughly in the range of $48 million to $50 million, exhibiting a moderately fluctuating trend. Although there was a decline in the latter part of the week, overall revenue remained at a relatively stable level, indicating a healthy interaction between block rewards and transaction fees, with network activity generally stable.

From the perspective of unit hash rate revenue, as of now, the Bitcoin hash price (Hashprice) is $55.59 per PH/s per day, with a peak of $56.39 per PH/s per day on May 13, marking a temporary high for this cycle. Analyzing the trend in detail, from May 10 to 13, Hashprice showed a steady upward trend, reflecting increased on-chain trading activity and rising fee income; while from May 13 to 16, Hashprice experienced a slight pullback before recovering, which may be related to Bitcoin's price oscillation and consolidation.

From a mid-term trend perspective, the current Hashprice is at a relative high over the past month; from a quarterly perspective, the current level is also in the high range of the past three months, indicating that the current mining revenue environment is relatively favorable.

Overall, during this cycle, Bitcoin mining revenue performed steadily. Despite being influenced by market price fluctuations and changes in network hash power in the short term, the overall blockchain operational efficiency and miner profitability remain at reasonable levels. Attention should be paid to Bitcoin price trends, changes in trading demand, and the adaptive adjustments of the mining economic model post-halving.

Hashprice Data

5. Energy Costs and Mining Efficiency

According to CloverPool data, as of May 16, 2025, the Bitcoin network hash rate is 856.01 EH/s, and the current network mining difficulty is 119.12 T. The next difficulty adjustment is expected to occur on May 17, with an anticipated increase of 3.57%, raising the difficulty to 123.37 T. This trend reflects the continuous growth of Bitcoin network hash power, indicating that more hash power is connecting to the network, and competition among miners is intensifying.

From the perspective of mining costs, according to the latest model calculations from MacroMicro, as of May 14, 2025, the unit production cost of Bitcoin is approximately $93,416.67, while the spot price during the same period is $103,539.42, resulting in a mining cost-to-price ratio of 0.90. This ratio is below 1, indicating that current mining activities are still profitable overall.

In summary, although the coin price is in a high oscillation range, the continuous upward trend of network hash power and difficulty indicates that the miner community remains optimistic about the medium to long-term market outlook. However, under the dual pressure of rising energy costs and increased difficulty, the operational efficiency of some high-cost mining sites may face challenges, and the industry is entering a phase of survival of the fittest. Future attention should focus on electricity price fluctuations, policy regulatory trends, and structural changes in the mining ecosystem during the halving cycle.

Bitcoin Mining Difficulty Data

6. Policy and Regulatory News

Belo Horizonte City Council in Brazil Votes to Approve Bitcoin-Related Bill

On May 10, it was reported that the Belo Horizonte City Council in Brazil passed a Bitcoin-related bill with 20 votes in favor, 8 against, and 6 abstentions. The bill will provide incentives for businesses accepting Bitcoin payments, including promotion in city advertising campaigns and initiating educational activities to help citizens adapt to digital transformation. The bill is now submitted to the mayor's office for final approval.

Ukraine Plans to Launch Strategic Bitcoin Reserves Under New Crypto Law

On May 15, it was reported that Ukraine is developing a legal framework to hold Bitcoin in its national reserves, with a specialized parliamentary committee led by finance officials finalizing the legislative draft. Senior legislator Yaroslav Zhelezniak confirmed that Ukraine plans to establish cryptocurrency reserve infrastructure, and he is overseeing the preparation of the relevant legal drafts. The proposal aims to regulate the country's acquisition, storage, and management of Bitcoin reserves, striving to align with the cryptocurrency regulations expected to be introduced in 2025. The law will support holding digital assets for national fiscal planning, ensuring transparency, compliance, and oversight by central banks and regulatory agencies.

It is reported that Ukraine is receiving support from Binance to establish a national Bitcoin reserve, with cooperation including guidance on reserve mechanisms and technical infrastructure, and both parties are actively discussing the implementation of the reserve strategy. Additionally, Ukraine plans to coordinate with the national bank and the International Monetary Fund to pass a comprehensive digital asset law in early 2025, covering fiscal policy formulation, exchange regulation, anti-money laundering measures, and capital gains tax, clarifying the legal responsibilities of market participants and state institutions.

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7. Mining News

Analysis: Bitcoin Miners' Selling Pressure Drops to Lowest Level Since 2024

On May 12, it was reported that the cryptocurrency analysis platform Alphractal revealed in an article on May 10 that Bitcoin miners' activity in the market is declining, as they tend to accumulate mining rewards rather than selling them for profit. The lower value means miners are holding onto their coins—this is a positive price signal.

With price fluctuations expected in the coming weeks, whether upward or downward, we may see renewed selling interest.

Nebraska Passes New Bill Increasing Bitcoin Mining Difficulty

On May 15, it was reported that the Nebraska state legislature has just passed a bill regulating Bitcoin miners. The LB 526 bill requires large miners to bear the costs of infrastructure upgrades, mandates miners to report energy usage, and allows authorities to interrupt services. The bill passed unanimously with a vote of 49:0.

The Bitcoin mining bill LB 526 is not a significant setback for companies in the state. The bill is only a little over two pages long and is very straightforward. Unlike anti-mining bills, it does not involve carbon emissions or other environmental impacts. Instead, it focuses almost entirely on the power grid.

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8. Bitcoin News

Global Corporate and National Bitcoin Holdings (Weekly Statistics)

1. Japan's MetaPlanet: On May 12, it was reported that the Japanese listed company MetaPlanet announced an increase in its Bitcoin holdings by purchasing 1,241 Bitcoins for a total price of 18.426 billion yen, raising its total holdings to 6,796 Bitcoins, valued at approximately 90.19 billion yen; the average holding cost is 13.27 million yen per coin, and it also issued a $15 million zero-interest bond to continue purchasing Bitcoin.

2. JPMorgan: On May 12, it was reported that JPMorgan's total investment in Bitcoin ETFs has surpassed $1.7 billion (approximately 12.2 billion yuan).

3. El Salvador: On May 12, it was reported that according to data from the El Salvador Ministry of Finance, the country increased its Bitcoin holdings by 8 Bitcoins over the past week, bringing its total holdings to 6,174.18 Bitcoins, valued at approximately $641.5 million.

4. Exodus: On May 12, it was reported that the crypto wallet service provider Exodus announced its Q1 financial report, stating that it held 2,011 Bitcoins (approximately $166 million) at the end of Q1, an increase of 70 Bitcoins compared to the end of last year; the total value of digital assets is $238 million, including 2,693 Ethereum and a combination of $62.8 million in USDC and government bonds.

5. Twenty One: On May 14, it was reported that the proposed Bitcoin core public company Twenty One announced the purchase of 4,812 Bitcoins through Tether, costing $458.7 million, with an average price of $95,300; the company plans to become a financial services and media platform centered on Bitcoin, with initial reserves exceeding 42,000 Bitcoins.

6. Semler Scientific: The Nasdaq-listed company Semler Scientific announced its Q1 financial report, stating that as of May 12, it held a total of 3,808 Bitcoins, with a fair value of $387.9 million and a total purchase amount of $340 million, achieving a Bitcoin investment return of 22.2% year-to-date.

7. Australia Monochrome: As of May 14, Australia's Monochrome spot Bitcoin exchange-traded fund (IBTC) has increased its holdings to 446 Bitcoins, valued at approximately $71.29 million.

BlackRock CEO: Expects Bitcoin to Reach $500,000 in 5-10 Years

On May 10, it was reported that BlackRock CEO Larry Fink predicted that Bitcoin would surpass $500,000 in the next 5 to 10 years, with a market capitalization expected to reach $10 trillion. Fink stated, "We will see Bitcoin far exceed $500,000 in the next 5 to 10 years; this will be an asset worth over $10 trillion."

This view reflects the growing confidence of institutional investors in Bitcoin. Currently, there are 11 Bitcoin spot ETFs in the U.S., with a total assets under management of $118.59 billion, further promoting the mainstreaming of Bitcoin.

Cathie Wood: Economic Recession is Ending, Bitcoin Expected to Reach $1.5 Million

On May 11, it was reported that Ark Invest CEO Cathie Wood stated that the economic recession is about to end, and the path for Bitcoin to reach $1.5 million remains intact. Artificial intelligence is accelerating productivity and changing the rules for investors.

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Bill Miller IV, CIO of Miller Value Partners: Bitcoin has once again crossed the six-figure threshold and still has significant growth potential

On May 11, it was reported that Bill Miller IV, CIO of Miller Value Partners, told CNBC that cryptocurrency governance is rapidly evolving. He added that Bitcoin has once again crossed the six-figure threshold, and in his view, "there is still significant growth potential."

Binance CEO: Institutional Adoption Will Strengthen Bitcoin's 'Digital Gold' and Hedging Properties

On May 12, it was reported that Binance CEO Richard Teng stated on X platform, "In the context of global economic uncertainty, Bitcoin remains the flagship crypto asset and a resilient store of value. With the adoption of institutional investors, Bitcoin is expected to play a more important role as a hedging tool and digital gold in diversified portfolios."

PlanB Predicts Bitcoin Will Enter a Strong Upward Phase for 4 Months

On May 12, it was reported that Bitcoin analyst PlanB stated on social media that the current Bitcoin Relative Strength Index (RSI) is 69, and it is expected to enter a bull market phase lasting at least 4 months, with RSI exceeding 80. Referring to the trends in 2013, 2017, and 2021, months with RSI above 80 saw an average monthly increase of over 40% for Bitcoin; if the trend repeats, Bitcoin's price could rise from the current approximately $104,000 to $400,000.

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Tim Draper Predicts Bitcoin Price Will Reach $250,000 by Year-End

On May 13, it was reported that billionaire venture capitalist Tim Draper predicted that by the end of 2025, Bitcoin's price will rise to $250,000 and will replace the dollar's dominance within ten years. Draper suggested that every corporate finance department should hold Bitcoin reserves to cope with bank runs and the global shift towards a Bitcoin standard.

Strategy: Believes Bitcoin Will Break $1 Million Within 10 Years

On May 14, it was reported that Strategy analyst Jeff Walton stated in a documentary filmed by the Financial Times titled "Michael Saylor's $40 Billion Bitcoin Bet" that with the financial strength conferred by Bitcoin, MicroStrategy will eventually become the top publicly listed company by market capitalization.

Currently, MicroStrategy holds approximately 568,840 Bitcoins (worth $59 billion), and analysts believe this advantage will allow it to surpass all publicly listed companies in the future. Michael Saylor himself also stated in the documentary that Bitcoin's price will definitely break $1 million within ten years, achieving a tenfold increase in twenty years.

Coinbase Executive: Intensifying Global Protectionism is Reshaping Capital Flows, Bitcoin May Face $1.2 Trillion Market Value Growth Opportunity

On May 15, it was reported that according to the monthly outlook report released by Coinbase's institutional research director David Duong, intensifying global protectionism is reshaping capital flows, posing challenges to the dollar's status as a global reserve currency. The report pointed out that the U.S. faces fiscal and trade deficits as well as unsustainable debt issues, which may lead to a continuous weakening of investor confidence in the dollar's safe-haven status.

The report suggests that in the current evolution of the monetary landscape, store-of-value assets like gold and Bitcoin are becoming credible alternatives. Particularly, Bitcoin, as a sovereign neutral asset, is not affected by sanctions or capital controls, and is expected to become a super-sovereign accounting unit for international trade. If countries begin to diversify their international reserves, it could bring a $1.2 trillion market value growth opportunity for Bitcoin.

Central Bank of Russia Ranks Bitcoin as the Best Performing Asset in the Country's Financial Market in April 2025

On May 16, it was reported that the Central Bank of Russia has ranked Bitcoin as the best-performing asset in the Russian financial market for April 2025, with Bitcoin's price rising by 11.2% that month. The bank also emphasized that Bitcoin's performance year-to-date has also been the best, with a return rate of 17.6%, surpassing stocks, bonds, and gold. Despite a short-term volatility drop of 18.6% in Bitcoin from January to April 2025, Bitcoin has been recognized as the best-performing investment product globally since 2022, with a cumulative return rate of 121.3%.

Over the past year, Bitcoin has been recognized by the Central Bank of Russia as the most profitable investment product, with a return rate of 38%. Since 2022, Bitcoin's cumulative return rate has reached 121.3%, significantly outperforming traditional assets such as gold, stocks, and the S&P 500 index. This recognition comes at a time when institutional interest in Bitcoin is at an all-time high.