Sold Your Bitcoin At $77,000? Binance’s CZ Has An Advice For You
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The post Sold Your Bitcoin At $77,000? Binance’s CZ Has An Advice For You appeared first on Coinpedia Fintech News
Bitcoin recently hit a new all-time-high after it rose nearly 3.5% to $111,880. Bitcoin’s market cap is now approaching $2.2 trillion, surpassing Amazon. Amid these exciting times, Binance former CEO Changpeng Zhao was quick to react to Bitcoin’s all-time high.
According to him, investors who sold their tokens when the price was $77,000, missed out on big profits. He also had advice and suggested looking at long-term trends instead of getting caught up in short-term price changes. Investor Fred Krueger shared that once the $110,000 level is breached, there won’t be any blocking and it will be a smooth path straight to $150,000.
Bitcoin ETFs See $3.6B Inflows in May, Institutional Interest Rises
As Bitcoin broke past the $110,000 mark, spot ETFs recorded big gains. Investors poured in $608.99 million in new capital, pushing the total net asset value of all BTC spot ETFs to $129.02 billion as per data from SoSovalue.
The demand is not just from crypto funds or retail traders, as public companies are now looking at BTC as a treasury asset. The big institutions are fueling the Bitcoin rally and the trend may continue. May alone saw $3.6 billion net inflows in ETFs.
Exchange inflows have dropped 82% since November, while the liquidity is booming with USDT reserves at $46.9B. Unexpected moves like JPMorgan offering clients access to Bitcoin marks a major shift which could also push other big players to embrace crypto.
$180,000 By Year End?
QCP traders shared that a breakout to further highs may spark fresh FOMO and bring retail investors back which will push the prices higher..
Ryan Lee from Bitget predicts Bitcoin could surge to $180,000 by year-end, driven by strong spot ETF inflows, slower supply after halving, and rising institutional adoption. He highlights Moody’s recent U.S. credit downgrade as a major catalyst, that has boosted Bitcoin and Ether’s appeal as safe havens against fiat risk.
Golden Cross is Here; $113,000 Next?
Expert Benjamin Cowen points out that today is Bitcoin’s golden cross, a bullish signal where the 50-day moving average crosses above the 200-day moving average. It remains to be seen if this could push BTC to hit $113,000 next.
The Golden Cross is expected around May 22–23. Historically, this move often leads to a 10–15% pullback, even in strong bull markets.If Bitcoin dips but holds above $95K, then the uptrend will likely continue. But if it fails to break above $110K again by mid-June, then we could see a weaker Q3 and a possible retest of lower support levels.
Analyst Ali Martinez shared that Bitcoin is hitting new all-time highs and entering price discovery mode. He shared that the next key levels to watch are $116,000, $126,000, $136,000, and $148,000.
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