On Thursday, Bitcoin prices jumped to $102,819, reaching a peak that has not been seen since February 3, with many analysts showing a wave of institutional involvement as the driving force behind climbing.
Wall Street’s growing appetite surges Bitcoin over $102,000
The agency is completely emphasizing here as corporate players and trade funds (ETFs) scooped up more BTC from the open market. As Bitcoin is falling below the $100,000 mark today, market watchers and crypto industry specialists have sounded their thoughts on the latest upward execution.
“Below the surface, Spot ETF flows remain strong, especially during US time,” a Bitfinex analyst told Bitcoin.com News on Thursday. “Open profits are high but not bubbled, and funding is neutral. This is true demand, not chasing leveraged-driven prices. Exchange balances continue to decline and on-chain accumulation by long-term holders has resumed.”
A Bitfinex market researcher added:
This is not a melt-up. It is a structurally supported movement. As long as the institutional flow of ETF+ persists and the macro remains stable, the dip will be shorter and likely to be purchased aggressively. The path with minimal resistance remains high.
BTC/USD on May 8, 2025.
Some view this moment as a full-blown plot twist, while Mike Cahill, CEO of Douro Labs, a leading contributor to Pyth Network, is exactly that.
“Bitcoin is over $100,000, indicating a complete narrative reset, as this milestone cements the role of BTC as a macro asset in the institutional portfolio,” explained Cahill. “We see a coordinated flow from asset managers increasingly viewing ETFs, sovereign wealth funds and Bitcoin as a hedge of policy uncertainty and long-term growth.
Joe Burnett, Market Research Director at Crypto Financial Services Firm Unchained, is shared in a note from Newsdesk, which is working to partner with Asset Management’s newly announced Asset Entities (NASDAQ:ASST).
“Stock prices have skyrocketed by more than 700% since the announcement of the efforts. This highlights the growing excitement in the markets around the Bitcoin Treasury companies. We see that it translates balance sheet assets, cash flow, overvalued stocks and even utilization into Bitcoin,” Burnett said. “This is a powerful new model of capital allocation in a world of broken money.”
Others told the news on Bitcoin.com that BTC is increasingly attractive to the institution’s portfolio. “Investors hate uncertainty, but on the other hand, clarity brings confidence,” explains Dave Sedakka, financial director at Parity Technologies, explaining Thursday. “Whether Trump is revealing positive developments in the trade agreement or whether FOMC reaffirms its commitment to stable interest rates, these signals will help stabilize market sentiment.
Doug Colkitt, a former Fogo contributor, believes the rally has sustainability thanks to a strong fundamental foundation. “The $100k on hype is low, and more about the market structure,” Colkitt said. “We finally have a consistent, institutionally led demand fulfills mature infrastructure: liquid venues, clear custody, and actual settlement rails. Bitcoin gatherings are being promoted to basics rather than bubbles.
