{"id":23587,"date":"2025-05-01T17:45:13","date_gmt":"2025-05-01T14:45:13","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-tests-97000-amid-short-term-investor-frenzy\/"},"modified":"2025-05-01T17:45:13","modified_gmt":"2025-05-01T14:45:13","slug":"bitcoin-tests-97000-amid-short-term-investor-frenzy","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-tests-97000-amid-short-term-investor-frenzy\/","title":{"rendered":"Bitcoin Tests $97,000 Amid Short-Term Investor Frenzy"},"content":{"rendered":"<p>On May 1, the price of digital gold surpassed $96,000 for the first time since February, while the cryptocurrency market capitalization reached $3 trillion, a level last seen in March.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">1 May 2025 | 18:25<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The price is testing the $97,000 level.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_18-23-08_9cdc0-1024x574.png\" alt=\"BTCUSDT_2025-05-01_18-23-08_9cdc0\" class=\"wp-image-257923\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_18-23-08_9cdc0-1024x574.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_18-23-08_9cdc0-300x168.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_18-23-08_9cdc0-768x430.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_18-23-08_9cdc0-1536x860.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_18-23-08_9cdc0.png 1814w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">30-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\" title=\"TradingView\">TradingView<\/a>. <\/figcaption><\/figure>\n<\/div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"595\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_17-17-12-1024x595.png\" alt=\"BTCUSDT_2025-05-01_17-17-12\" class=\"wp-image-257920\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_17-17-12-1024x595.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_17-17-12-300x174.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_17-17-12-768x446.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-05-01_17-17-12.png 1439w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, Bitcoin is trading at $96,344 (+2.8% for the day), according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>. The monthly increase is 15.2%.<\/p>\n<p>The rise is accompanied by a surge in short-term investor (STH) activity, which previously preceded rallies, noted CryptoQuant author DanCoinInvestor.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin Forming an Accumulation Structure Similar to Past Rallies<\/p>\n<p>\u201cPreviously, there was a sharp increase in the activity of short-term holders. This was followed by strong price rallies. Now, a similar increase in STH activity is being observed.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/DanCoinInvestor?ref_src=twsrc%5Etfw\">@DanCoinInvestor<\/a> <a href=\"https:\/\/t.co\/opF1OsoNUQ\">pic.twitter.com\/opF1OsoNUQ<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1917918303646879997?ref_src=twsrc%5Etfw\">May 1, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cA sharp rise in STH activity often coincided with strong upward trends. Now we see similar dynamics,\u201d the expert explained.<\/em><\/p>\n<\/blockquote>\n<p>The open interest in Binance futures has increased by $2.2 billion over 20 days, stated CryptoQuant author burak_kesmeci.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Binance Open Interest Surges by $2.2 Billion in the Last 20 Days<\/p>\n<p>\u201cThis strong futures backing on Binance could signal a continuation of the recent bullish trend in Bitcoin.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/burak_kesmeci?ref_src=twsrc%5Etfw\">@burak_kesmeci<\/a> <\/p>\n<p>Full post \u2935\ufe0f<a href=\"https:\/\/t.co\/paTq6cZu6M\">https:\/\/t.co\/paTq6cZu6M<\/a> <a href=\"https:\/\/t.co\/jvCoA1y7BF\">pic.twitter.com\/jvCoA1y7BF<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1917624506404794728?ref_src=twsrc%5Etfw\">April 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cSuch support in the futures market indicates a continuation of the bullish trend,\u201d the analyst believes.<\/em><\/p>\n<\/blockquote>\n<p>Back on April 23, the price of the first cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-surpasses-94000-amid-conciliatory-signals-from-us-president\">surpassed the $94,000 mark<\/a> following conciliatory statements by U.S. President Donald Trump regarding tariffs and the head of the <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 1, the price of digital gold surpassed $96,000 for the first time since February, while the cryptocurrency market capitalization reached $3 trillion, a level last seen in March. 1 May 2025 | 18:25Update: The price is testing the $97,000 level. 30-minute BTC\/USDT chart on Binance. Data: TradingView. 15-minute BTC\/USDT chart on Binance. Data: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1145],"class_list":["post-23587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23587"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23586"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}