Bitcoin Bull Run Might Not Be Over Yet, Says Bitfinex Report
By: coinchapter|2025/05/07 04:00:05
0
Share
Bitcoin’s price surged by 14.08% in April 2025, according to the latest Bitfinex report. The gain exceeded Bitcoin’s historical monthly average of 13% and the median return of 7.3%. The report was published on May 6. Early April brought price pressure. A U.S. tariff announcement from President Donald Trump pushed Bitcoin’s price down to $74,501. The coin later recovered 32%, reaching $97,900 by the end of the month. The Bitfinex report linked the rebound to inflation concerns and a weakening U.S. dollar. The report stated that the Bitcoin bull run may not be over. However, it noted that the market trend depends on macroeconomic stability . April’s strong finish showed resilience, especially after the early decline. Bitcoin Miners Hold Reserves, Supporting Bull Cycle Data Miners typically sell Bitcoin to cover costs. Instead, they kept holding, which the report linked to expectations of future price strength. The report also cited the Puell Multiple, which remained under 2. This metric compares current miner revenue to historical levels. The current reading shows that the market has not reached a typical cycle top. The report stated: The miner behavior and low Puell Multiple add to signs that the Bitcoin bull run could extend, but the Bitfinex report did not give a price prediction. Bitfinex: Bitcoin $95,000 Level Remains Crucial for Trend Shift The Bitfinex report identified $95,000 as a key level for Bitcoin’s price. This level was the lower edge of a range seen between November 2024 and February 2025. The report noted that Bitcoin is now consolidating around this point. A clear move above $95,000 may shift the trend upward. If Bitcoin fails to hold this level, the price may fall back to previous support zones. The report said, The next few days may show whether Bitcoin can reclaim this level as support or continue consolidating below it. Bitfinex: Short-Term Holder Cost Basis Near Bitcoin’s Current Price The Bitfinex report also reviewed Bitcoin’s position relative to its short-term holder (STH) cost basis. This metric shows the average acquisition price of BTC bought by recent investors. As of May 6, this value stood at $93,340. Bitcoin’s price at press time was $94,236, slightly above the STH cost basis. According to the report, this level historically acts as a dividing line between bullish and bearish phases. If Bitcoin stays above the short-term holder cost basis, it could support the ongoing market strength. A fall below may suggest a shift in short-term sentiment. However, the report focused on current technical levels without offering forecasts. Bitcoin Price Still Below All-Time High As of May 6, 2025, Bitcoin trades near $94,452 on the 4-hour chart, still 13.4% below its all-time high near $109,000. Despite the strong rebound in late April, the price has struggled to break past the $96,000 resistance level. The 50-period Exponential Moving Average (EMA) sits slightly above the current price at $94,735, acting as immediate resistance. Meanwhile, the Relative Strength Index (RSI) holds near 45, showing weak momentum after bouncing from oversold levels. Volume remains low, confirming the consolidation phase. Bitcoin continues to hover just below the short-term moving average, with buyers yet to push for a decisive breakout.
You may also like

The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
The puzzle of the Romanian elections under digital manipulation.

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Sentient is gathering builders and supporters from around the world (including Founders Fund, Pantera, Franklin Templeton, alphaXiv, Fireworks, OpenRouter, etc.) to jointly address the reasoning capability gap in enterprise AI.

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…

Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…

Axiom Crypto Uncovered: ZachXBT Reveals $400k Insider Trading
Key Takeaways Allegations of insider trading at Axiom Crypto involve approximately $400,000 and a complex scheme where employees…
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."