Unlike previous surges in the price of the leading cryptocurrency, the current rise is not associated with risks from the derivatives market, providing a more solid foundation for long-term growth, according to a K33 Research review.
Bitcoin has reclaimed six digits following continued strong momentum. In contrast to past $100k breakouts, we see no signs of derivatives froth as general defensiveness prevails, strengthening the case for lasting momentum and new ATHs.https://t.co/cVIVanaCGR
— K33 Research (@K33Research) May 13, 2025
The rise last week was driven by high demand in the spot market and balanced positioning, rather than speculation using borrowed funds, the experts explained.
According to their calculations, the average daily volume on CEX jumped by 51% to $3.9 billion, indicating strong genuine investor interest. However, experts warned that market depth remains less than during previous all-time highs.
Analysts noted that they do not expect unpleasant surprises from May, traditionally considered a weak month in terms of dynamics.
“This summer may reward those who hold rather than sell,” the report states.
The combination of high demand in the spot market, a balanced derivatives situation, and a favorable political backdrop creates conditions for the digital gold to reach new ATH, the analysts concluded.
Earlier, experts identified the reasons for Bitcoin’s move to consolidation after testing $105,000.
In April, Standard Chartered urged buying the leading cryptocurrency and forecasted its price to rise to $120,000 in the fourth quarter.