Bitcoin (BTC) Surpasses $110,000: What’s Driving the Price Increase?

Jakarta, Pintu News – Bitcoin hit a new record high today, with the price touching $111,800. The rise was driven by whale transactions and high optimism on Bitcoin Pizza Day, which has become an important symbol in the cryptocurrency’s history.

With an in-depth analysis of the factors influencing this surge, investors and market watchers gain a clearer insight into the current market dynamics.

Bitcoin Pizza Day Optimism Drives Positive Sentiment

Bitcoin Pizza Day, which is celebrated every May 22, is a historic day in the cryptocurrency world. On this day, Bitcoin (BTC) not only celebrates its history but also demonstrates significant market power.

Bitcoin’s (BTC) price increase to $111,800 marks a new peak and shows that there is a strong positive sentiment among investors. This celebration is not only symbolic but also a catalyst for increased buying in the market. In addition, this price increase is supported by data that shows structural strength in the Bitcoin (BTC) uptrend.

In the past 30 days, Bitcoin (BTC) has increased by 19.3%, and in the past year, it has increased by 61.4%. This shows that there is growing confidence and continued investment from market participants, both retail and institutional investors.

Also read: Bitcoin Pizza Day May 22, 2025: 10,000 BTC Can Buy Anything This Year?

$76 Billion Whale Deal Shows Institutional Momentum

Analysis from IntoTheBlock, via Sentora, shows that large transactions in the Bitcoin (BTC) market have increased dramatically, reaching $76 billion on May 13. This is almost double the amount recorded three days earlier, which was $37 billion.

These large transactions involved Bitcoin (BTC) moving $100,000 or more per transaction, indicating massive accumulation by whales. This activity coincides with the Bitcoin (BTC) price rising above $105,000, indicating that accumulation by whales is accelerating the price discovery process.

Historically, large transaction volume spikes like this have often preceded periods of significant price increases in the Bitcoin (BTC) cycle. This suggests growing institutional confidence in Bitcoin (BTC), possibly fueled by expectations of low interest rates in the US and the narrative of Bitcoin (BTC) as digital gold post-halving.

Read also: FIFA Digital Revolution: Launch of Dedicated Blockchain for Digital Collectibles with Avalanche!

Delta Positive Volume Confirms Broader Market Participation

In addition to whale activity, delta volume, which is the net difference between buying and selling pressure, has also turned significantly bullish. Although delta volume remains volatile, the last six sessions have shown positive net demand on four occasions.

This includes a very strong bar of 2,770 BTC on Thursday, which indicates persistent buying in the spot market on Binance. This confirms that this rally is supported not only by institutional flows on the OTC desk but also by retail participation on exchanges.

The combination of these two types of investors adds strength to the current uptrend and suggests there is broad market support for Bitcoin (BTC) price increases.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Why is Bitcoin Price Up Today? $76B Whale Transactions and Delta Volume Form Dual Catalysts. Accessed on May 23, 2025
• Featured Image: Generated by Ai