Bitcoin price is once again dominating headlines as the leading cryptocurrency continues its explosive rally, crossing the $104,000 mark and showing no signs of slowing down. As of May 12, 2025, BTC is trading at $104,470, up +0.33% on the day after briefly touching $105,706 earlier this morning.
The surge comes amid a wave of bullish catalysts — including massive ETF inflows, renewed institutional interest, and geopolitical developments easing macro pressure. Let’s take a closer look at what’s really powering this leg of the bull run.
Bitcoin Price Analysis: Holding Above $104K, Resistance at $107K
Technically, Bitcoin has firmly broken above the psychological barrier of $100,000, flipping it into new support. The daily chart shows strong momentum following the breakout at $97K, with increased volume supporting the move.
Source: Tradingview
Price is now consolidating between $103,500 and $105,700, with the next major resistance level sitting around $107,000 — a key zone identified by analysts as the final hurdle before retesting ATH territory above $110K.
The structure remains bullish, and any minor retracement could offer fresh entry points as long as BTC holds above the $100K zone.
ETF Inflows Just Hit a New All-Time High
One of the strongest catalysts for Bitcoin’s rally is the record-setting inflow into Spot Bitcoin ETFs. According to recent data from The Block, total assets under management (AUM) across spot ETFs have surged past $150 billion, marking a new all-time high.
Source: TheBlock
iShares (IBIT), Fidelity (FBTC), and ARK (ARKB) continue to lead the pack, with BlackRock’s IBIT now dominating daily inflows. Institutional demand is clearly ramping up — especially as ETFs provide compliant exposure to BTC without custody risk.
This surge in capital reflects a long-term conviction that’s now spilling into price action.
Whales Make Noise: Dormant Wallets Reactivate and Funds Move
One of the most notable dynamics behind the recent Bitcoin price momentum is the renewed activity among long-dormant whale wallets. On May 11, on-chain analysts from Lookonchain reported that a Bitcoin wallet untouched for 12 years suddenly transferred 1,079 BTC, equivalent to over $109 million, directly to a Gemini deposit address.
This rare move, likely executed by an early miner or long-term holder, immediately sparked speculation within the crypto community. Many interpreted it as a strategic reallocation rather than a sell-off, given that it coincided with ETF inflows reaching all-time highs and a broader bullish sentiment around Bitcoin’s long-term trajectory.
At the same time, analytics platforms like Whale Alert reported multiple whale transactions—including movements from addresses holding over 10,000 BTC—supporting the thesis that large investors are reshuffling portfolios, possibly in anticipation of higher valuations. The combination of shrinking sell pressure, record ETF accumulation, and whale movements around the $104,000–$105,000 range paints a clear picture: institutional and early crypto players are positioning themselves for the next leg up.
Is the Bitcoin Price Rally Sustainable in Q2 2025?
While the recent price surge has excited traders and long-term holders alike, the question remains: how sustainable is this momentum?
Historically, parabolic runs in the Bitcoin price often come with short periods of consolidation or retracement. With key resistance levels still ahead, especially near $107K and the previous ATH zone around $110K, it’s likely that the market may take a breather before attempting another leg up.
On-chain indicators show healthy demand — but also signal rising leverage and overbought RSI levels. Still, with ETF inflows increasing and institutional support growing, the macro setup remains firmly bullish.
For now, all eyes are on the next key breakout. Whether you’re a short-term trader or long-term investor, it’s clear that Bitcoin price movements in May 2025 are shaping the next chapter of the crypto bull cycle.
Final Thoughts: Bitcoin’s Momentum Is Real – But Is It Sustainable?
With Bitcoin now above $104K, ETF demand at historic highs, and corporate players like MetaPlanet doubling down, the bullish narrative remains dominant. However, short-term volatility is likely as BTC approaches key resistance zones.
All eyes are now on the $107K level — a breakout there could set the stage for a new all-time high in Q2.As always, the best moves happen when conviction meets timing. And right now, the market is sending a clear message: Bitcoin is back, and it’s bigger than ever.
