- Institutional wallets steadily accumulate, reinforcing long-term confidence in Bitcoin.
- BTC dominance drops, suggesting capital rotation into high-potential altcoins.
Bitcoin has surpassed the $100,000 mark, supported by growing institutional accumulation and early bullish signals from market indicators. According to data from CryptoRank, wallets holding between 1,000 and 10,000 BTC have continued to accumulate.
Source: CryptoRank
This group, often composed of institutional investors, hedge funds, and mining companies, has increased its holdings throughout the past year. Analysts said this trend reflects long-term confidence in Bitcoin’s potential, as large holders typically invest with strategic planning.
The sustained accumulation aligns with Bitcoin’s price growth, which has now exceeded $100,000 as of May 2025. At the time of writing, Bitcoin (BTC) is priced at $103,044.15, having increased by 1.47% in the past 24 hours.
Market observers point out that this correlation signals trust from major players in the asset’s future performance. CryptoRank data confirms that wallet balances in this range have risen consistently, even during market consolidation periods.
Bull-Bear Indicator Shows First Bullish Signal in Weeks
The Bitcoin Bull-Bear Market Cycle Indicator from CryptoQuant has flashed its first bullish signal after weeks of bearish sentiment. The current coefficient sits at 0.029, a low value, but its upward move marks a shift in momentum. The 30-day moving average has also started trending upwards.
Source: CryptoQuant
Analysts noted that a historical signal for parabolic rallies could follow if the 30-day average crosses above the 365-day average.
Market participants watch this closely, as early indicators often precede larger price movements. Despite the weak signal, traders have begun positioning for a possible bullish continuation.
Bitcoin Dominance Drops as Altcoins Attract Capital
Bitcoin’s market cap dominance fell from over 65% to 63.49% on May 9, 2025. This decline represents the first significant dip in weeks, reversing an upward trend that began in April. Analysts said the drop indicates capital rotation from Bitcoin into altcoins, a typical market behavior during early bull phases.
This shift often signals rising interest in alternative cryptocurrencies, as investors seek higher returns in smaller assets. With BTC dominance slipping, the stage may be set for an altcoin rally. Traders are monitoring whether this trend continues in the days ahead.
Meanwhile, President Donald Trump supported an 80% tariff on China, stating, “80% Tariff on China seems right! Up to Scott B.” His comment, posted on Truth Social, signals a potential shift in U.S. trade policy.
This statement comes as U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet with Chinese negotiators in Switzerland over the weekend.
