Bitcoin Price Hits Fresh All-Time High
Bitcoin price punched through $109,114.88 on Wednesday, 22/05/2025, sealing a fresh Bitcoin ATH after a 40% six-week surge as the cooling U.S.
The milestone follows Washington’s surprise tariff truce with Beijing and a limited U.K. pact brightening the macro picture. With Bitcoin ETFs soaking up supply and shorts chartered near $108k, analysts say a squeeze towards $120k is now in play.
Crypto Market Surge After Trump’s Trade Deals
The bullish momentum intensified after President Trump dialed back his aggressive trade rhetoric in recent days, indicating openness to new trade deals and cooling tensions with key partners.
That policy shift has reignited investment and appetite for risk, with Bitcoin and major Altcoin benefiting directly.
BlackRock’s Dominance in Bitcoin ETF Inflows
In Asia, high-net-worth investors are also reallocating capital, pivoting away from U.S. dollar-linked instruments toward Gold, Chinese Equities, and cryptocurrencies, reinforcing regional interest in Bitcoin.
A key factor behind this Bitcoin ATH is the aggressive Net Spot Demand observed in both institutional and retail markets, driven not by leverage but by spot buying.
In a recent note, Galaxy Digital Analyst reaffirmed Bitcoin’s growing perception as a digital store of value, echoing comments from Jay Jacobd, Head of Thematics at BlackRock, who stated that countries are diversifying away from the U.S. dollar in favour of Gold and now Bitcoin.
Market Structure Supports Bitcoin Price Bullish Case
Market structure also supports the bullish case. Bitcoin has held above $100k for nearly two weeks, with recent closes near $106,500 marking historic strength.
Only four prior sessions have ended above the current level, making this Bitcoin ATH breakout meaningful from a technical perspective.
Additionally, data from Coinglass shows that around $1.2 billion in short positions are concentrated between $107k and $108k. A continued climb would trigger forced liquidations, spending prices sharply higher towards $115k–$120k.
Conclusion: Bulls Eye $120K as Institutional Demand Rises
This shows that Bitcoin ETFs have recorded consistent Net inflows over the past five trading sessions, indicating renewed institutional confidence.
Bitcoin’s breakout to a new ATH has strong legs. If bulls maintain control and macro conditions hold steady, especially with the Fed under pressure from Weak Long-Bond Demand, the path towards $120k this month is realistic.