Analyst: Bitcoin Could Rise to $220,000 by 2025
On May 16th, as reported by Cointelegraph, cryptocurrency analyst Apsk32 declared that Bitcoin has achieved a new high following gold. This theory is highly favored among bullish investors. Historically, Bitcoin has a tendency to rise after gold has been on an upward trend for several months. With the price of gold surging to a historical high of $3,500 per ounce, the future price trend of Bitcoin has also become more optimistic.
Apsk32 mentioned the concept of the "Power Law Corridor," which measures the Bitcoin price in terms of gold ounces to reduce the impact of USD inflation. If Bitcoin's network value (measured in gold) continues to develop along the Power Law Corridor and gold maintains its current price while the Bitcoin price returns to the five-year leading support track, this year's target could reach $444,000. However, this week, Apsk32 believes that a more "reasonable" target price for 2025 is around $220,000. He also stated that if the Bitcoin price exceeds $250,000, it
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MapleStory (Adventure Island) yesterday's transaction volume exceeded 100,000 transactions, reaching a new all-time high.
On May 16th, as monitored by @ai_9684xtpa, MapleStory went live on the Avalanche sub-chain Henesys, and it required a registered wallet to download the game. Wallet data showed significant front-loading on May 14th, while transaction and token data reached their peaks yesterday:
· On May 14th, the number of active addresses reached 1.15 million.
· On May 15th, the number of transactions reached 103,000.
· On May 15th, the number of NESO holding addresses was 3810, and the number of NXPC holding addresses was 3080.
· On May 15th, there were 973 buyers and 2540 sellers on the Marketplace.
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Matrixport: Market Generally Expects Bitcoin to Break All-Time High, Prices Likely to Extend Bull Run into Summer
On May 16th, Matrixport released its weekly report indicating that Bitcoin has rebounded to the upper limit of the consolidation range ($106,000). Driven by multiple bullish factors, the market generally anticipates its breakthrough of the all-time high. With the gradual mitigation of downside risks at this stage, the upward trajectory of Bitcoin's price has become increasingly evident. Recently, Trump's shift in focus towards fundraising and trading partnerships has further boosted market optimism in both the stock market and Bitcoin. If the tax reduction policy of the Trump era persists and is coupled with potential regulatory relaxation measures, it may further boost market expectations for economic growth, driving a reevaluation of growth prospects and bond yield readjustment.
In the current situation, risk assets, especially Bitcoin, are expected to enter a favorable trading period before July. This period coincides with the end of the 90-day tariff truce agreement, the commencem
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Greeks.live: Option Data Shows Market Sentiment is Optimistic, but Short-Term Still Leans Cautious
On May 16th, the Greek.live analyst Adam posted on social media, stating, "On May 16th, the Options Expiry Data: 27,000 BTC options are set to expire, with a Put Call Ratio of 1.03. The maximum pain is at $100,000, and the notional value is $2.76 billion. 220,000 ETH options are expiring, having a Put Call Ratio of 1.36. The maximum pain is at $2300, and the notional value is $570 million."
This week's Bitcoin expiry data is nearly identical to that of last week. Regarding Ethereum, it is similar except for price-related factors. Currently, the market sentiment is extremely positive. However, the options data indicates that there are still relatively few mainstream coin holders, and the number of profit takers is limited. Currently, Bitcoin's short- to medium-term RV has dropped below 35%, and the medium- to long-term RV is around 50%. But the decline in IV is more pronounced, with almost all falling below 45%. Therefore, the VRP for each term has instead decreased.
The expiry volume
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