After a minor setback, bitcoin ETFs roared back with $422 million in net inflows, led by Blackrock’s IBIT. Ether ETFs also ended the day positively, adding $6.49 million to continue their recovery. Bitcoin ETF Inflows Surge After Brief Pause Along With Decent Recovery for Ether ETFs A brief pullback was quickly forgotten as U.S. bitcoin […]

ETF Markets Regain Momentum as Blackrock’s IBIT Powers $422 Million Bitcoin Inflow

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Bitcoin&#8217;s price action has broken above $96,000 in the past 24 hours, 
strengthening the case for a sustained move into six-figure territory. This 
recent price action is particularly significant as it marks a clean breakout 
above a key on-chain resistance zone stretching from $93,000 to $95,000, which 
many analysts believe could determine whether Bitcoin&#8217;s next leg takes it into 
six-figure territory. Supporting this momentum is a long-term technical 
outlook by renowned trader Peter Brandt, who projected that Bitcoin remains on 
course to set new all-time highs, with a potential price peak exceeding 
$150,000 on his projected timeline. Peter Brandt Maps Timeline For $150,000 
Bitcoin Top With Parabolic Structure Veteran trader Peter Brandt shared a 
weekly candlestick Bitcoin price chart on social media, highlighting a path 
toward $150,000 by late summer 2025. According to Brandt’s post on social 
media platform X, Bitcoin is currently trading below a parabolic trendline 
that is key to the final leg of the current bull cycle. Interestingly, this 
parabolic trendline has served as an upper resistance for Bitcoin&#8217;s price 
peaks and all-time highs since 2021. Related Reading: Bitcoin Price 
Prediction: The Last Leg-Up That Confirms A Resounding Rally To $150,000 
Brandt’s chart captures a variety of classical technical formations, including 
multiple head and shoulders patterns, expanding triangles, and consolidation 
wedges. The breakout from the recent wedge pattern serves as his basis for 
suggesting that the bull market is structurally intact. According to his 
projection, the parabolic slope that Bitcoin needs to overcome currently sits 
around the $120,000 mark. A decisive breakout above this threshold would set 
the stage for a run-up to a cycle top. Brand noted that this cycle top would 
be between $125,000 and $150,000, and the timeline is by August or September 
2025. On-Chain Indicators Reveal Pressure Points Around $93,000 To $95,000 On- 
chain data from on-chain analytics firm Glassnode shows that Bitcoin is 
currently testing the convergence of two critical resistance points: the 
111-day simple moving average, which now sits at $91,300, and the short-term 
holder cost basis, which sits at $93,200. Related Reading: Bitcoin Price: 
Analyst Peter Brandt Says BTC Still Bearish Unless This Happens Notably, 
Bitcoin&#8217;s price structure has confirmed a higher high relative to a high of 
$94,000 in early May, effectively breaking the downtrend from early April. 
This suggests that the market may be shifting into a more aggressive 
accumulation phase. However, this region also represents a significant cluster 
of previously bought coins, meaning investors underwater during earlier 
pullbacks now find themselves near break-even. This could cause increased 
sell-side pressure if some traders take profit or exit at breakeven. 
Meanwhile, long-term holders continue to exhibit strong HOLDling behavior, 
with realized profits exceeding 350% for many. In fact, over 254,000 BTC have 
crossed the 155-day threshold since Bitcoin&#8217;s recent local bottom, indicating 
that a significant portion of the supply is maturing into long-term holdings. 
Many of these coins were acquired at prices above $95,000. Although current 
momentum clearly favours the bulls, the $93,000 to $95,000 range is a major 
battleground that could define Bitcoin&#8217;s trajectory in the months ahead of 
reaching Peter Brandt&#8217;s target of $150,000. At the time of writing, Bitcoin is 
trading at $96,635. Featured image from Pexels, chart from Tradingview.com

Peter Brandt Predicts When Bitcoin Price Might Reach $150,000, Technical Signals Show Where Market Is At

**Key takeaways:**
 * BTC hit $97,900 due to soaring institutional investor demand, but futures pricing shows traders aren&#8217;t confident in a sustained rally.
 * Macroeconomic risks and global trade tensions cap bullish sentiment despite $3.6 billion in spot BTC ETF inflows.
 * BTC options lean bullish, suggesting big players expect upside, but their caution keeps leverage use low.
Bitcoin (BTC) broke out of a tight trading range between $93,000 and $95,600 
on May 1, following six days of limited movement. Despite reaching its highest 
price in ten weeks at $97,930, sentiment remains neutral according to BTC 
derivatives indicators. This price action has occurred alongside significant 
net inflows into US spot exchange-traded Bitcoin funds (ETFs).
Some of the disappointment among traders can be attributed to the ongoing 
global tariff dispute, which is beginning to affect macroeconomic data. 
Bitcoin traders are concerned that, despite growing interest from 
institutional investors, fears of an economic recession could limit price 
performance. This concern reduces the likelihood of BTC reaching $110,000 or 
higher in 2025.
_Bitcoin 2-month futures annualized premium. Source: Laevitas.ch_
The annualized premium for Bitcoin&#8217;s two-month futures has remained between 6% 
and 7% over the past week, staying within the neutral range of 5% to 10%. 
Compared to January, when Bitcoin was trading near $95,000 and the futures 
premium was above 10%, traders&#8217; sentiment has weakened. This data suggests 
there is less optimism, or at least less conviction, in further price gains 
toward $100,000 and above.
## Gold&#8217;s performance outshone Bitcoin&#8217;s modest gains
Some market participants point to gold&#8217;s 20% rally, from $2,680 to $3,220, as 
a source of concern. Although Bitcoin recently surpassed silver&#8217;s $1.8 
trillion market capitalization to become the seventh largest global tradable 
asset, gold&#8217;s surge to a massive $21.7 trillion valuation has overshadowed 
this achievement. Investors worry that Bitcoin&#8217;s strong correlation with the 
stock market has diminished the appeal of its &#8220;digital gold&#8221; narrative.
_Bitcoin spot US-listed ETFs daily net flows, USD. Source: CoinGlass_
There is also a possibility that the $3.6 billion in net inflows to US spot 
ETFs over the past two weeks are being driven by delta-neutral strategies. In 
this scenario, the flows reflect Bitcoin holders moving to listed products or 
using derivatives for hedging. If so, the direct impact on price would be 
limited, which is consistent with Bitcoin&#8217;s modest 5% gain during this period.
To determine whether professional traders are comfortable with Bitcoin around 
$97,500, it is helpful to examine the BTC options market.
_Bitcoin 1-month options 25% delta skew (put-call) at Deribit. Source: 
Laevitas.ch_
The BTC options 25% delta skew metric is currently near its lowest level since 
Feb. 15, indicating that whales and market makers are assigning higher odds to 
further upside from here. This marks a sharp reversal from three weeks ago, 
when put (sell) options traded at a premium.
_**Related:**__**Bitcoin unsure as recession looms, US-China tariff talks kick 
off**_
## Bitcoin derivatives&#8217; resilience favors further BTC price gains
Overall, Bitcoin derivatives indicate moderate optimism. Traders generally 
expect further price gains, but bulls are refraining from using leverage. Some 
might argue that this creates the ideal conditions for a surprise rally, 
especially since the retest of $74,500 on April 9 did not significantly affect 
BTC derivatives.
The most important factor influencing Bitcoin&#8217;s performance remains the 
commercial relationship between the US and China. As long as the trade war 
continues, Bitcoin is likely to continue tracking the S&amp;P 500 movements. While 
this environment may prevent Bitcoin from reaching a new all-time high in the 
near term, BTC derivatives are currently leaning slightly in favor of the 
bulls.
This article is for general information purposes and is not intended to be and 
should not be taken as legal or investment advice. The views, thoughts, and 
opinions expressed here are the author&#8217;s alone and do not necessarily reflect 
or represent the views and opinions of Cointelegraph.

Stars align for Bitcoin rally to $100K, but futures traders exercise caution — Here’s why

Senator Cynthia Lummis and at least one other Republican in Congress are 
reportedly critical of US President Donald Trump for offering the top holders 
of his memecoin a dinner and White House tour.
According to a May 2 CNBC report, Lummis said the idea that the US president 
was offering exclusive access to himself and the White House for people 
willing to pay for it &#8220;gives [her] pause.&#8221; She wasn&#8217;t the only member of the 
Republican Party to be critical of Trump&#8217;s memecoin perks, announced on April 
23, roughly three months after the then-president-elect launched the TRUMP 
token. 
&#8220;I don&#8217;t think it would be appropriate for me to charge people to come into 
the Capitol and take a tour,&#8221; said Republican Senator Lisa Murkowski, 
according to NBC News.
Despite Lummis&#8217; reported &#8220;pause&#8221; over the president&#8217;s actions, on May 2, she 
posted a video to X of herself speaking on the Senate floor, saying she was 
&#8220;particularly pleased&#8221; by Trump&#8217;s support of legislation to establish a 
strategic Bitcoin (BTC) reserve in the United States. The Boosting Innovation, 
Technology, and Competitiveness through Optimized Investment Nationwide, or 
BITCOIN, Act would seemingly codify Trump&#8217;s executive order to create a 
national crypto reserve.
_**Related:**__**House Democrats want ethics probe on Trump over crypto 
projects**_
The launch of the TRUMP coin on Jan. 17 was met with outrage from many 
lawmakers and figures in the crypto industry, who pointed to potential 
conflicts of interest and implications of allowing foreign actors to channel 
funds directly to Trump. The criticism continued after Trump announced that a 
group of the top memecoin holders would have the opportunity to apply for a 
White House tour and dinner.
 &#8220;Trump once claimed he is so rich he cannot be bought,&#8221; said Craig Holman, a 
government ethics expert with the consumer advocacy organization Public 
Citizen. &#8220;But his obsession with money means he apparently can be bought for a 
meme.&#8221;
## Calls for impeachment over ties to crypto
Georgia Senator Jon Ossoff, a Democrat, called for Trump&#8217;s impeachment during 
an April 25 town hall, claiming the memecoin dinner represented &#8220;selling 
access for what are effectively payments directly to him.&#8221; During his first 
term, Trump was impeached twice in the House of Representatives but acquitted 
after the Senate votes fell short of the two-thirds majority required for 
conviction.
At the time of publication, it was unclear who, if any, of the memecoin 
holders would attend the May 22 dinner with Trump. Usernames from the TRUMP 
leaderboard have led to speculation that staunch supporters like Tron founder 
Justin Sun and Tesla CEO Elon Musk could be among the attendees. As of May 2, 
neither the individuals nor the companies have made any formal announcements.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_