Market updates
Bitcoin Hits $105K; More Growth Expected
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2025-05-20 | 5m
Bitcoin rose to over $105,000 on Monday, bouncing back after a dip earlier in the day. The drop followed Moody’s downgrade of the U.S. government’s credit rating, which briefly unsettled financial markets. However, experts believe this downgrade won’t have lasting effects on prices. Other cryptocurrencies also recovered slightly, with Ether climbing above $2,500 and Aave performing well, although many still showed small losses.
The U.S. stock market also turned around, with the S&P 500 and Nasdaq recovering after a weak start. The bond market saw some pressure, especially on long-term Treasury yields, but analysts say the downgrade wasn’t a surprise and won’t likely change long-term investment trends.
Meanwhile, digital investment firm 21Shares believes Bitcoin could rise even higher this year, possibly reaching $138,500 — a 35% increase from current levels. This growth isn’t driven by everyday buyers but by large institutions and limited supply. More Bitcoin is being bought than mined, and major companies and even governments are starting to hold Bitcoin as a reserve. These trends suggest a more mature and stable rise in value rather than a short-term frenzy.
Source:
CoinDesk
Futures Market Updates
In the past 24 hours, both BTC and ETH futures saw a notable rise in open interest—BTC by 6.86% and ETH by a slightly higher 8.31%—indicating increased trader positioning. However, trading volumes declined for both, with BTC futures down 7.53% and ETH futures seeing a steeper 12.76% drop. ETH futures experienced heavier liquidations on both long and short positions, particularly shorts ($60.18M vs. BTC’s $43.61M), suggesting more aggressive price movements or volatility. Long/short ratios were nearly identical for both assets, hovering around 50/50, and funding rates remained slightly positive, indicating a mild long bias.
BTC Futures Updates
Total BTC Open Interest: $72.67B (+6.86%)
BTC Volume (24H): $132.03B (-7.53%)
BTC Liquidations (24H): $26.17M (Long)/$43.61M (Short)
Long/Short Ratio: 50.27%/49.73%
Funding Rate: 0.0066%
ETH Futures Updates
Total ETH Open Interest: $31.37B (+8.31%)
ETH Volume (24H): $102.50B (-12.76%)
ETH Liquidations (24H): $30.42M (Long)/$60.18M (Short)
Long/Short Ratio: 50.25%/49.75%
Funding Rate: 0.0072%
Top 3 OI Surges
COLLAT: $765.39K (+288724.84%)
ALPHA: $24.71M (+194.91%)
XEM: $3.81M (+105.79%)
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