Current market overview of BTC price

Image:https://www.gate.io/trade/BTC_USDT

According to Gate data, as of 8:30 am on May 15, 2025, the Bitcoin price USD was stable at around $103,809, a rise of 0.01% from the previous trading day. The highest within 24 hours reached $104,349, with a small intraday fluctuation, showing the ability of bulls to control at high levels. The current BTC trading volume remains at the level of 5,000 BTC, with a total trading volume exceeding 500 million USDT, reflecting that market liquidity remains active.

What are the driving factors behind the rise of Bitcoin?

1. Spot ETF inflows boost market confidence
   At the beginning of this month, several U.S. Bitcoin spot ETFs (such as BlackRock, Fidelity, etc.) announced their updated positions, with a total net inflow of funds reaching 9 billion USD, hitting a near three-month high. The continuous entry of institutional funds has strengthened the market’s mid-term bullish expectations.
2. Active trading in the Asian markets
   The trading volume of the South Korean and Japanese trading platforms has significantly increased recently, especially the BTC/KRW and BTC/JPY trading pairs. Part of the reason is that individual investors in Japan and South Korea are using digital assets as a hedge against the devaluation of their local currencies.
3. The increase in Layer2 activity drives overall on-chain demand
   Extension solutions based on Bitcoin (such as Stacks, BitVM) have gained attention, further consolidating the network vitality of BTC and boosting medium to long-term value expectations.

On-chain data reveals a shift in market sentiment

• The number of holding addresses hits a new high: Glassnode data shows that the number of addresses holding at least 0.1 BTC has surpassed the historical record, reflecting the continued accumulation by retail investors.
• Exchange reserves decline: In the past 7 days, the reserves of BTC on major exchanges have decreased by nearly 20,000 coins, indicating a tendency in the market towards long-term holding rather than short-term selling.
• Stable funding rate: In the futures market, the long and short funding rates remain neutral, indicating that the market has not experienced extreme sentiment or leverage bubbles.

Short-term trend outlook and key price levels

From a technical perspective, the BTC daily chart is maintaining above the middle track of the Bollinger Bands, and the MA20 moving average is strongly supported near $102,500. If it breaks the previous high of $105,793 in the short term, it may test the $108,000 integer mark. If it falls below $101,500, the short-term trend may turn into consolidation.

The current bitcoin price usd is showing low volatility and high stability, which is a more friendly entry environment for trend traders.

Entry advice for beginners

1. Avoid high-frequency trading, prioritize long-term layout
   Bitcoin is suitable for long-term holding, and beginners should not trade frequently. It can be gradually built up through dollar-cost averaging (DCA) to diversify entry costs.
2. Select buying time points based on fundamental information
   When observing signals such as an increase in ETF holdings and a rise in the number of active on-chain wallets, it is usually a bullish signal that can assist in decision-making.
3. Set stop loss points based on volatility changes
   If the BTC fluctuates suddenly, set a dynamic stop loss of 3-5% according to the actual situation to protect the principal.

Conclusion: Not just a rise in numbers

The rise in the price of Bitcoin not only signifies the change in coin price, but also represents improvements in market confidence, institutional participation, on-chain ecosystem vitality, and other aspects. For beginners, understanding the logic behind the price is more important than simply focusing on the ups and downs.

In the future, as the global digital asset regulatory framework gradually becomes clearer, Bitcoin is expected to enter a more stable development stage. For new investors hoping to establish themselves in the crypto market, the spring of 2025 may be a point worth paying attention to.