The past eighteen months have seen Bitcoin swing from fresh all-time highs to sharp, short-lived pullbacks. Since April 2024 Halving, institutional inflows via spot ETFs have pushed BTC above 110 000 USDT for the first time ever, yet global inflation data, Federal Reserve policy, and whale activity keep traders on their toes. This article delivers an up-to-date look at the current Bitcoin price on Gate, dissecting macro, technical, on-chain, and derivatives forces—and mapping out end-2025 scenarios for both newcomers and seasoned investors.
After a record $111,970 peak in May, Bitcoin has cooled to the $108,000 zone. Solid spot turnover underscores steady institutional participation through spot ETFs, while a tighter futures-spot basis shows the spot market steering short-term direction.
A softer May CPI print bolstered expectations that the Fed will hold rates steady. With a more predictable policy backdrop and growing demand for inflation hedges, Bitcoin continues to serve as “digital gold.” Roshan Robert of 21Shares believes this friendlier environment leaves room for further upside in H2 2025.
U.S. spot Bitcoin ETFs have absorbed more than US $14 billion in net inflows, led by pensions and insurers seeking alternative allocations. A decisive break above $110,000 could propel BTC toward $120,000 by autumn, while a long-shot $200,000 year-end target remains “firmly in play.”
The 100-day moving average still slopes higher, and April’s golden cross underpins the medium-term uptrend. Net exchange flows are negative as coins migrate to cold storage. Daily RSI near 56 suggests additional upside room.
Perpetual futures open interest on Gate is up more than 10% month-over-month, yet funding remains neutral, implying leverage is contained. June options lean toward calls, reflecting bullish sentiment toward the current Bitcoin price.
Macro liquidity: A surprise hawkish pivot by the Fed could stall ETF inflows. Regulation: New rules on stablecoins or custody could dampen sentiment. Whale activity: Two transfers exceeding 10,000 BTC from cold wallets to exchanges this week could spark volatility if spot liquidity dries up.
The base case envisions a push to $120,000 by Q4 and consolidation near $115,000. In a bullish scenario—sustained ETF demand and U.S. inflation below 3%—Bitcoin could challenge $135,000–$150,000. Conversely, a major macro shock might drag BTC toward $95,000 support.
Bitcoin’s current price balances robust institutional inflows against lingering macro uncertainty. While long-term fundamentals remain compelling, volatility is an inherent feature. This article is for informational purposes only and does not constitute investment advice. Assess your risk tolerance before trading BTC on Gate, and explore Gate Earn, Futures, and the Gate Learn knowledge hub to refine your strategy.