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

Rhythm BlockBeats News, May 4th, BiyaPay Analyst: Bitcoin may see a historic breakthrough in May, challenging the key $100,000 resistance level. The core factors driving this round of the market include institutional funds pouring into ETFs, the halving cycle effect, and macroeconomic hedging demand.

From April 20th to 26th, Bitcoin spot ETF net inflows reached $3.1 billion, setting a weekly record, with BlackRock's BIT fund size surpassing its gold ETF, becoming the primary channel for traditional funds to enter. Standard Chartered Bank pointed out that Bitcoin is replacing gold as a new safe haven option, with a significant ETF fund suction effect forming an "institutional bottom, retail follow-up" pattern.

Historical data shows that Bitcoin typically experiences explosive price increases 12-18 months after halving. The post-2020 halving price surged by 536%, with analysts predicting the peak of this cycle to occur in May 2025, with a target price of $156,000. If Bitcoin breaks $100,000 in May, it may trigger market FOMO sentiment accelerating the rally.

Additionally, USD weakness and U.S. Treasury bond risks are also boosting Bitcoin's safe-haven demand. In early April, the market saw a sharp volatility due to "tariff policy" rumors, demonstrating its sensitivity to macro risks. The derivatives market is showing differentiation, with retail funding rates becoming more cautious, but the two-month futures premium rising to 6.5% and institutions 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 strengthened. Bitcoin's correlation with 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 investors focus on on-chain data and institutional trends to avoid chasing prices with high leverage. Currently, the market is awaiting 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 to demonstrate unique value, BiyaPay has now connected 30 fiat currencies with 200 cryptocurrencies for instant exchange, allowing users to directly participate in the U.S./Hong Kong stock markets via 1:1 USDT conversion to USD, with zero fees for spot/contract Maker transactions.