Crypto Assets Market Analysis: Bitcoin Short-term Pullback but Long-term Bullish, Institutional Investors Become Major Buyers

Market Overview

Recently, there have been changes in U.S. trade policy, but it has not affected the stock market performance. The Nasdaq index and the S&P 500 index rose 9.9% and 6.2% respectively this month, marking the best monthly performance in nearly 18 months. Meanwhile, Trump met with Federal Reserve Chairman Powell to discuss interest rate policy and other economic issues.

Bitcoin price today fell below $105,000, with $359 million flowing out of spot ETFs, indicating a cooling of short-term market sentiment. However, the long-term bullish sentiment remains strong. Several industry insiders are optimistic about Bitcoin's future price, predicting it may surpass $170,000 in the coming years. A stablecoin issuer revealed that the company currently holds over 100,000 Bitcoins and more than 50 tons of gold, further boosting institutional investors' confidence in Bitcoin.

Regarding Ethereum, although the recent price has seen a pullback, analysts expect it may reach a historical high of $4000 to $5000 within this year. Some predictions suggest the price will reach $4000 by 2025 and could rise to $7500 by 2029.

Institutional Investment Trends

A certain asset management giant called for a 2% allocation of portfolios to Bitcoin at the Bitcoin 2025 conference, triggering a new wave of institutional allocation enthusiasm. Analysts believe that as institutional funds flow in, Bitcoin is becoming an important allocation asset in the global capital markets. Several institutions have begun to lay out Bitcoin investments, such as a certain technology company that launched its "Bitcoin Strategy" as early as 2020, currently holding 580,000 coins, with its stock price increasing 12 times in four years.

In the Asian market, a well-known game company in Hong Kong has accumulated 1,110 Bitcoins and 14,855 Ethereum, with a holding profit exceeding $48 million and a stock price increase of 449% this year. As regulatory attitudes in various countries shift and the compliance process advances, more convenience has been provided for institutions to enter the market. Analysts believe that the accumulation of coins by institutions is not a short-term speculative behavior, but rather a strategic decision based on multiple structural factors.

Other Market Dynamics

The altcoin market has also shown new hotspots and pullbacks recently. A certain plush toy has become a sensation in the international market, driving the market value of related tokens to surpass 60 million USD. A certain information tokenization protocol project has seen a surge in hype, with its upcoming Initial Attention Offering (IAO) becoming the focal point of market attention.

In addition, a bankrupt crypto assets exchange is expected to initiate the debt repayment process around May 30, which may release approximately $5 billion in stablecoin liquidity back into the market, potentially resonating with Bitcoin ETF funds, bringing new liquidity support to the market.

Market Data

• Bitcoin: $106,130 (Year-to-date +18.39%), Daily trading volume $36.871 billion
• Ethereum: $2,635.64 (Year-to-date -21.17%), Daily trading volume $21.445 billion
• Fear and Greed Index: 76 (Greed)
• Market share: Bitcoin 63%, Ethereum 9.5%
• 24-hour liquidation data: A total of 190,866 people were liquidated globally, with a total amount of $656 million.

Recent Important Events

• A certain exchange will launch Assisterr AI (ASRR)
• A bankrupt exchange will issue over $5 billion in stablecoins to creditors on May 30.
• Treasure Chain will officially shut down on May 30th, and users need to migrate their assets as soon as possible.
• Multiple projects will unlock tokens in the near future, including Renzo, Kamino, Optimism, Sui, ZetaChain, and dydx.

Hot News

• A certain investor's Bitcoin long position was liquidated, worth 100 million USD.
• Many industry insiders are optimistic about the future prices of Bitcoin and Ethereum.
• The U.S. SEC issues a policy statement on staking activities in PoS networks.
• An NFT trading platform has released a comprehensive upgrade version, which will airdrop tokens.
• The CEO of a certain crypto company revealed that they hold a large amount of Bitcoin and gold.
• Multiple well-known figures predict the future price trend of Bitcoin.