Bitcoin’s Wild Ride: Why Everyone’s Calm While Prices Soar!

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So, here we are, folks! Bitcoin is strutting around like it owns the place, hovering near its all-time high after a jaw-dropping surge on May 21. The bulls are in charge, and the market is practically drooling over the prospect of price discovery. 🐂💰

After hitting dizzying heights of $111,861, Bitcoin (BTC) decided to take a little breather at around $110,300 before bouncing back up like a rubber ball. 🎈

Now, you’d think with such a spike, everyone would be cashing in their chips, right? Wrong! The market is as calm as a cat in a sunbeam, with no significant profit-taking in sight. It’s like watching a game of poker where everyone’s holding onto their cards for dear life. 🃏

What are analysts saying about Bitcoin price?

In a shocking twist, all BTC addresses have suddenly become profitable as the cryptocurrency rallies. But hold your horses! On-chain data suggests that our beloved digital asset is “still not overheated.” Who knew Bitcoin could be so chill? 😎

Enter CryptoQuant analyst Crypto Dan, who, despite the new all-time high, claims that profit-taking is as mild as a lukewarm cup of tea.

“Overheating indicators such as the funding rate [and] short-term capital inflow remain low compared to previous peaks, and profit-taking by short-term investors is limited.”

Meanwhile, Alex Wacy, the crypto oracle of our time, took to X to share his wisdom. He pointed out that while BTC is off to the races, “there’s no mania.” It’s like a party where everyone forgot to RSVP. 🎉

$BTC is hitting a new all-time high.

But look around: there’s no mania.

Google searches are quiet. Retail is still asleep. CT is loud, but it always is. The broader public isn’t rushing in — not yet.

It’s a familiar pattern. Hype always lags price. Interest follows…

— AlΞx Wacy 🌐 (@wacy_time1) May 22, 2025

As Bitcoin tiptoes towards price discovery, something else is making waves – the global M2 money supply, which is currently lounging at over $22 trillion. That’s right, folks, there’s more money floating around than ever before, but it’s not backed by anything substantial. Just… more money. 💸

“That means there’s more money in the system than ever before. But it’s not backed by an equivalent increase in productivity, goods, or services. It’s just… more money,” the analyst noted.

With no frenzy in sight, Wacy suggests it’s still early days for Bitcoin. His crystal ball predicts a price target of $150k or higher in 2025. On May 21, 2025, as BTC broke past its January peak, Michael Saylor chimed in, suggesting that buying at the top could still be a long-term win. Talk about optimism! 🌈

And speaking of optimism, a whale recently decided to sell off some Ether (ETH) while holding onto their BTC like it’s a beloved pet. According to Lookonchain, this whale, who snagged 30,000 ETH and 600 BTC on April 27, 2025, has sold all 30k ETH but is still clutching those 600 $BTC purchased for a cool $56.9 million. The whale’s Bitcoin stash is now worth over $66.5 million as prices hover above $111k. 🐋💎

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2025-05-22 19:45