BiyaPay Analyst: Confluence of Factors, Bitcoin Could Hit All-Time High in May, Market Cap to Surpass $2 Trillion

Rhythm on May 4th, BiyaPay Analyst: Bitcoin may achieve a historic breakthrough in May and challenge the crucial $100,000 resistance level. The core factors driving this round of the market comprise institutional funds flowing into ETFs, the halving cycle effect, and macroeconomic hedging demands. From April 20th to 26th, the net inflows of Bitcoin spot ETF reached $3.1 billion, setting a weekly record. The size of BlackRock's BIT fund surpassed its gold ETF and became the primary channel for traditional funds to enter. Standard Chartered Bank pointed out that Bitcoin is replacing gold as a new safe haven option, and a significant ETF fund suction effect is forming an "institutional bottom, retail follow-up" pattern. Historical data shows that Bitcoin usually experiences explosive price increases 12 to 18 months after halving. The price after the 2020 halving surged by 536%. Analysts predict that the peak of this cycle will occur in May 2025, with a target price of $156,000. If Bitcoin breaks through $100,000 in May, it may trigger market FOMO sentiment and accelerate the rally. In addition, the weakness of the USD and the risks of U.S. Treasury bonds are also boosting Bitcoin's safe-haven demand. In early April, the market witnessed sharp volatility due to "tariff policy" rumors, demonstrating its sensitivity to macro risks. The derivatives market is showing differentiation. Retail funding rates are becoming more cautious, but the two-month futures premium has risen to 6.5%, and institutions are continuing to accumulate. MicroStrategy increased its Bitcoin holdings by 15,000 BTC during the week at an average price of $92,700, highlighting long-term confidence. Furthermore, technical independence has been strengthened. The correlation between Bitcoin and the S&P 500 has dropped to 29%, enhancing its "digital gold" properties. If ETF inflows continue, it may break through the accumulation phase. If ETF funds shift to outflows, it will test the market's resilience. Analysts suggest that investors focus on on-chain data and institutional trends to avoid chasing prices with high leverage. Currently, the market is waiting for the validation of the key May window, where institutional and cyclical dual forces may reshape the cryptocurrency valuation system. As the world's first multi-asset trading wallet demonstrating unique value, BiyaPay has now connected 30 fiat currencies with 200 cryptocurrencies for instant exchange. Users can directly participate in the U.S./Hong Kong stock markets through 1:1 USDT conversion to USD, with zero fees for spot/contract Maker transactions.