More Institutions Adopt Bitcoin Amid New All-Time High

29th May 2025 • 11 mins read

This Week’s Recap

Bitcoin Market Analysis

Bitcoin began the week above $111,700 and, despite a mid-week dip to $106,600, rallied to a high of $110,719 before closing Friday at $108,318, for a 0.9% gain. Reclaiming the 200-day moving average at $107,214 and seeing the 50-day cross above it confirmed a golden crossover and a bullish trend reversal. Meanwhile, prices have carved a rising wedge, with higher highs and higher lows converging just above last week’s $108,000 all-time high. Traders may set an alert on a clean break above $110,500 to capture the next leg toward $120,000.

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Source: https://altfins.com/technical-analysis

Momentum remains supportive but not overheated. The 14-day RSI sits near 64, well below overbought territory, indicating room for continued upside. The daily MACD line has edged above its signal line and the histogram shows modest positive bars, suggesting bullish momentum is intact. Volume, however, tapered as price squeezed into the wedge’s apex, implying any sustained breakout will require fresh participation to confirm strength.

Key support lies between $107,000 and $107,500, where the wedge’s lower trend line and prior congestion overlap. A deeper pullback would find buyers at the round-number floor of $100,000. On the upside, a decisive daily close above $110,500 on expanding volume would likely propel Bitcoin toward the next resistance zone of $120,000, with $150,000 as a longer-term extension target.

On-chain sentiment corroborates a bullish tilt. The Bitcoin Combined Market Index blends four weighted indicators—MVRV (30%), NUPL (25%), SOPR (25%) and Fear & Greed Index (20%)—to track market mood. The 7-day simple moving average of BCMI rebounded sharply to 0.60, an early upside signal, while the 90-day average held steady near 0.45, showing the market is not yet overheated. With profit-taking easing, BCMI now points to an early accumulation phase even as retail heads remain cautious.

Source: https://cryptoquant.com/

Exchange flows reveal who is driving that accumulation. Over April and May, mid-tier cohorts led inflows to Binance: “Fish” accounts moved 10–100 BTC and “Shark” accounts moved 100–1,000 BTC, with “Crab” accounts (1–10 BTC) also adding to the surge. Spikes in Long-Term Holder inflows—wallets holding coins for more than 155 days—have coincided with price peaks, indicating profit realization by seasoned investors. In contrast, “Whales” (1,000–10,000 BTC) and “Humpbacks” (over 10,000 BTC) remain largely inactive on-exchange, suggesting they either hold positions or use OTC desks.

Institutional demand has also climbed to new highs, and this is not merely an ETF story. Spot Bitcoin ETFs remain accessible to all investors, yet their volumes are modest relative to the overall spot and futures markets. Instead, average daily inflows over the past 30 days have held above $330 million, highlighting sustained buying by large players. The most telling metric is the Coinbase Premium Gap—measuring the price difference between Binance and Coinbase Pro—which sits at a 30-day average of 55 basis points, the highest level so far in 2025. That gap reflects aggressive bidding by U.S. professional and institutional accounts on regulated venues.

Source: https://cryptoquant.com/

Taken together, strong mid-tier inflows, strategic profit-taking by long-term holders, muted whale distribution and a record Coinbase Premium Gap suggest sophisticated retail and institutions are positioning for higher prices. Traders may wait for a retest of the $107,000–$107,500 breakout zone on rising volume before adding new positions or, for shorter-term swings, sell strength near $110,000 and cover near support at $100,000. A break below $107,000 would invalidate the bullish thesis and risk a deeper pullback. 

Source: https://sosovalue.com/

Finally, spot Bitcoin ETFs have recorded net inflows every one of the past 10 trading days with zero outflows, driving total assets under management above $130 billion. That unbroken flow into regulated Bitcoin vehicles underscores sustained demand from both institutional and retail investors. With no redemption pressure from ETF holders, these funds act as a steady liquidity sink, reinforcing price support even as broader market activity remains muted.

Ethereum Market Analysis

Ethereum began the week above $2,664.50 and, despite a midweek dip to around $2,467.82, rallied to a high near $2,784.26 before closing at $2,771.99. The breakout from the falling wedge and a close above the 200-day moving average at $2,699.62 confirmed a bullish shift, even as price paused near stiff resistance around $2,760.

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Source: https://altfins.com/technical-analysis

Momentum remains healthy but not overheated. The 14-day RSI sits near 67, below overbought levels, and the MACD line remains just under its signal line while negative histogram bars shrink. That suggests selling pressure is easing but upside conviction will require fresh volume.

Key support lies between $2,650 and $2,700, with a deeper floor at $2,400. On the upside, resistance between $2,760 and $2,800 must yield before a run toward $3,000 becomes likely.

In the current environment traders may wait for a retest of the breakout zone near $2,700 on rising volume before adding positions or, for those seeking shorter swings, sell strength near resistance and cover near support at $2,400. A break below $2,650 would invalidate the bullish thesis and risk a deeper pullback. Tight stops and monitoring regulatory developments around spot-ETF approvals and on-chain staking flows will be crucial for managing risk.

Source: https://sosovalue.com/

Over the past ten trading days, Ethereum spot ETFs saw net inflows on nine occasions, with the sole outflow of $35.4 M occurring on May 15. Key inflow days included $62 M on May 14, $110 M on May 22 and $84.9 M on May 28. Assets under management climbed to $9.48 B as of May 28, while ETH traded near $2,617.79. This near–unbroken string of inflows highlights persistent demand from both institutional and retail investors. With redemptions virtually absent, Ethereum ETFs continue to serve as steady liquidity sinks, underpinning price support even as on-chain activity fluctuates

Mark Your Calendars

Economic Data Releases:

  • May 30, 2025 (Friday): Core PCE (year-over-year) for April 2025
  • May 30, 2025 (Friday): Personal spending for April 2025
  • June 2, 2025 (Monday): ISM manufacturing index for May 2025
  • June 3, 2025 (Tuesday): Job openings (JOLTS) for April 2025
  • June 5, 2025 (Thursday): Initial jobless claims for week ending May 31, 2025

Token Unlock

  • May 23, 2025: OP (OP) unlocks $24.81 M (1.83 % of market cap)
  • May 24, 2025: SUI (SUI) unlocks $158.38 M (1.32 % of market cap)
  • May 27, 2025: EIGEN (EIGEN) unlocks $2.20 M (0.42 % of market cap)
  • May 27, 2025: IOTA (IOTA) unlocks $1.80 M (0.23 % of market cap)