💥 Bitcoin Rebounds: Eyes on New All-Time High
Bitcoin (BTC) is once again flirting with all-time highs, climbing back to $110,000 after a late-week rally. With $155,000 in sight, traders and analysts are closely monitoring a combination of macroeconomic events, ETF inflows, and on-chain metrics for the next big move.
After dipping below $107,000, Bitcoin closed the week strong at around $109,100—just shy of its January high. The bounce has sparked optimism, with some traders claiming the breakout structure is now in play, awaiting a momentum trigger to lift BTC to new heights.
📊 5 Things to Watch This Week in Bitcoin
1. ETF Inflows Fueling Optimism
Spot Bitcoin ETFs continue to draw capital, with $2.75 billion added last week alone. Traders expect these inflows to bolster Bitcoin’s long-term growth and act as a stabilizing force amid volatility.
2. PCE Inflation Data and Fed Policy
The Personal Consumption Expenditures (PCE) Index, the Fed’s preferred inflation gauge, will be released on May 29. Combined with rising bond yields and Trump's proposed 50% EU trade tariffs, the market is on edge about possible tightening from the Fed.
3. Bearish Signals from Exchange Data
Data from CryptoQuant shows a decline in taker buy/sell ratio, suggesting cooling market activity and potential short-term correction. However, funding rates remain low, keeping bullish hopes alive for a sustainable uptrend.
4. Whale Watch: Wynn’s Wild Ride
Hyperliquid’s James Wynn continues to stir the market, flipping between long and short positions on Bitcoin and now even dabbling in memecoins. His recent $25 million profit highlights the volatile yet opportunistic landscape.
5. Funding Rates Hint at Short Squeeze Potential
Despite BTC’s climb, funding rates are neutral—a sign that leveraged longs are not overheating. This setup is reminiscent of previous breakout conditions and may pave the way for a short squeeze if upward momentum continues.
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🧠 Final Thoughts: Is $155K Next?
As Bitcoin navigates a week full of economic data, Fed uncertainties, and technical market cues, the path to $155,000 looks challenging yet achievable. With low leverage, strong ETF backing, and neutral funding, this may be one of the healthiest bullish setups in months.