Sold Your Bitcoin At $77,000? Binance’s CZ Has An Advice For You

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Ah, the capricious nature of Bitcoin! Just recently, it soared to a dizzying height of $111,880, a rise of nearly 3.5%. One might say it has become the darling of the financial world, with a market cap now flirting with $2.2 trillion, leaving even Amazon in its dust. In these exhilarating times, the former CEO of Binance, the illustrious Changpeng Zhao, wasted no time in sharing his pearls of wisdom regarding this meteoric rise. 🤑

According to the sage Zhao, those who parted ways with their tokens at the modest price of $77,000 have, alas, missed the proverbial boat. His advice? Look beyond the fleeting whims of the market and focus on the long-term trends. A certain investor, Fred Krueger (no, not that one), has boldly proclaimed that once Bitcoin breaches the $110,000 threshold, it will be a smooth sail to $150,000. One can only hope he’s not just spinning tales! 😏

Bitcoin ETFs See $3.6B Inflows in May, Institutional Interest Rises

As Bitcoin gallantly broke past the $110,000 mark, spot ETFs basked in the glow of newfound wealth. Investors, in a frenzy of enthusiasm, contributed a staggering $608.99 million, elevating the total net asset value of all BTC spot ETFs to a princely sum of $129.02 billion, according to the ever-reliable SoSovalue. 💰

This fervor is not merely the domain of crypto enthusiasts or retail traders; public companies are now eyeing Bitcoin as a treasury asset. The big players are indeed stoking the flames of this Bitcoin rally, and the trend shows no signs of abating. May alone witnessed a remarkable $3.6 billion in net inflows into ETFs. Who knew finance could be so thrilling? 🎢

However, exchange inflows have plummeted by 82% since November, while liquidity is flourishing, with USDT reserves swelling to $46.9 billion. Unexpected maneuvers, such as JPMorgan offering clients access to Bitcoin, signal a significant shift that may compel other major players to embrace the crypto revolution. 🏦

$180,000 By Year End?

QCP traders have speculated that a breakout to new heights may incite fresh waves of FOMO, luring retail investors back into the fray and driving prices ever higher. Ryan Lee from Bitget has boldly predicted that Bitcoin could ascend to a staggering $180,000 by year-end, propelled by robust spot ETF inflows, a slower supply post-halving, and an increasing institutional embrace. He even points to Moody’s recent U.S. credit downgrade as a catalyst, enhancing Bitcoin and Ether’s allure as safe havens against the perils of fiat currency. 🛡️

Golden Cross is Here; $113,000 Next?

Expert Benjamin Cowen has declared today as Bitcoin’s golden cross—a bullish signal where the 50-day moving average triumphantly crosses above the 200-day moving average. Whether this will propel BTC to the lofty heights of $113,000 remains to be seen. 🤔

The Golden Cross is anticipated around May 22–23. Historically, such a move often leads to a 10–15% pullback, even in the most robust bull markets. If Bitcoin dips but manages to hold above $95,000, the uptrend may very well continue. However, should it fail to breach the $110,000 mark again by mid-June, we might witness a weaker Q3 and a potential retest of lower support levels. Ah, the drama of it all! 🎭

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2025-05-22 11:53