Market updates
Bitcoin Breaks Records Again, Surging Past $109K
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2025-05-22 | 5m
Bitcoin has reached a new all-time high, climbing to $109,400 during Thursday morning trading in the U.S. This breaks the previous record set back in January, just before President Trump's inauguration. The price increase marks a 46% rise since April, when global trade tensions and U.S. tariffs had driven the cryptocurrency to a low point.
Experts believe this rally is different from past spikes, as it seems more stable and grounded. Key reasons for the surge include a renewed wave of investor interest, especially through spot Bitcoin ETFs, which have brought in $3.6 billion in May alone. Companies focused on bitcoin investment, such as Michael Saylor's Strategy and the newly launched Twenty One Capital, have also contributed heavily to the buying.
In addition, recent developments in U.S. crypto regulation are boosting market confidence. The U.S. Senate is working on a bill to regulate stablecoins, and several U.S. states and other countries are considering holding bitcoin as a reserve asset. These moves are making digital currencies feel more secure and legitimate in the eyes of investors. Analysts suggest that the current price rally is built on stronger foundations than in past cycles.
Source:
CoinDesk
Futures Market Updates
In the past 24 hours, both BTC and ETH futures saw significant growth in open interest and trading volume, with BTC rising 18.02% and 87.35%, and ETH increasing slightly more at 19.97% and 74.85%, respectively. BTC futures experienced a much larger disparity in liquidations, with shorts losing nearly three times more than longs, while ETH liquidations were more balanced. The long/short ratios indicate a nearly even market sentiment for both assets, though ETH slightly leaned bearish. Funding rates for both remained positive, signaling mild bullish bias, but BTC's rate (0.0125%) was notably higher than ETH's (0.0074%).
BTC Futures Updates
Total BTC Open Interest: $80.15B (+18.02%)
BTC Volume (24H): $214.71B (+87.35%)
BTC Liquidations (24H): $43.99M (Long)/$123.19M (Short)
Long/Short Ratio: 50.68%/49.32%
Funding Rate: 0.0125%
ETH Futures Updates
Total ETH Open Interest: $31.84B (+19.97%)
ETH Volume (24H): $141.48B (+74.85%)
ETH Liquidations (24H): $56.26M (Long)/$50.32M (Short)
Long/Short Ratio: 49.59%/50.41%
Funding Rate: 0.0074%
Top 3 OI Surges
ALPACA: $2.56M (+974.76%)
GHIBLI: $534.03K (+274.91%)
MOG: $1.01M (+228.50%)
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