Bitcoin Eyes $110K as Capital Inflows Build Momentum
NEW YORK — Bitcoin is once again knocking on the door of history. After weeks of strong inflows and persistent buying pressure, analysts now say the world’s largest cryptocurrency could break its all-time high before the end of May — possibly topping $110,000 in the days ahead.
New on-chain data suggests that both institutional and retail investors are pouring fresh capital into Bitcoin markets, fueling a price structure that’s steadily grinding higher.
$30 Billion in Capital Flows in Just Three Weeks
According to on-chain analytics firm Glassnode, Bitcoin’s Realized Cap — a measure of the value of all BTC based on the last time they moved — has grown by $30 billion since April 20, bringing the total to $900 billion. That’s a 3% monthly increase for May, signaling strong and steady investor confidence.
While not as rapid as the 8% surge in late 2024, when Bitcoin hit $93,000, the sustained capital injection paints a picture of resilient market participation.
Spot Market Demand Hits $5 Billion Surge
Another bullish signal came from Bitcoin’s Spot Volume Delta, which flipped positive on May 13. The 7-day simple moving average (SMA) hit nearly $5 billion, one of the few times this year spot buyers have shown this level of conviction.
This isn’t just leverage-fueled hype. The data indicates real demand in the spot market — the kind that typically reflects long-term conviction rather than speculative frenzy.
As Bitcoin pushes further above the $100,000 psychological threshold, the spot buying pressure suggests this rally is being driven by actual money — not just derivatives traders.
Can Bitcoin Break $110,000 Next Week?
Analysts are watching a repeating pattern on Bitcoin’s 4-hour chart that’s played out over the past month:
-
BTC bottoms and consolidates
-
It retests support levels
-
Then breaks out to a higher trading range
Currently, Bitcoin is consolidating between $100,678 and $105,700. If the trend holds, the next target zone could be $110,000 and beyond. However, should BTC drop below $102,000 and fail to recover, the bullish thesis could temporarily unravel.
Price Action Backed by Technical Indicators
Bitcoin’s Relative Strength Index (RSI) continues to align with this cycle. RSI levels peak above 70 during breakouts and retreat to the 50 range during sideways movements — a classic sign of consolidation before continuation.
With rising capital inflows, sustained spot demand, and chart signals flashing green, Bitcoin’s next big leap may just be days away.
Share This
