Bull Run for Bitcoin (BTC) isn't finished, claims CryptoQuant CEO, expect substantial ETF inflows.

Headline: 📊 Bitcoin (BTC) Achieves New High, Bull Market Roars On: Crypto Analyst

Bitcoin ETF AUM Breaks $120 Billion Again Amid Institutional Interest

In the fast-paced world of cryptocurrencies, Bitcoin (BTC) has recently soared to touch an unprecedented height of $104,000, a milestone not seen since late January, debunking one of the potential bearish predictions. This extraordinary run is shaped by a host of varying catalysts, asserts CryptoQuant CEO, Ki Young Ju.

🚀 Bitcoin (BTC) Bull Run: Kicking Away Pessimistic Forecasts

The relentless surge of Bitcoin (BTC) is far from over, the selling pressure is dwindling, and enormous inflows are coming to Spot Bitcoin ETFs. Consequently, the earlier dire prediction, unfortunately, proved to be erroneous, shares the insightful Ki Young Ju in his latest post on May 9, 2025.

He acknowledges that this crypto cycle contradicts earlier patterns, marked by old whales, miners, and retail investors powering the momentum. As soon as the retail optimism began to wane, the "big whales" would take their profits, effectively ending the rally.

But, according to Ki Young Ju, it's about time to redefine the theory of cycles. The influx of new liquidity sources and volume has become more elusive, indicating a paradigm shift as the digital currency market merges with traditional finance (TradFi). The focus now should be on monitoring how much fresh liquidity is pouring in from institutions and ETFs, as this influx can neutralize even the strongest sell-offs from the whales.

However, it's too early to label the recent price action as a clear bullish season, cautions the analyst.

💰 Bitcoin ETF AUM Surges Beyond $120 Billion

Over the last four days, a remarkable $10,000 has been added to Bitcoin (BTC)'s price. The cryptocurrency hit its local high at $104,116, marking the highest level since January 30.

May 8 was a hard day for Bitcoin (BTC) bears, with an estimated $400 million in liquidations — over 90% of all positions wiped out.

Spot Bitcoin ETFs have recorded an impressive run in the recent weeks. Since mid-April, they have only logged three sessions with a negative inflow/outflow ratio. As a result, Bitcoin Spot ETFs' AUM has surpassed $120 billion.

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💡 Notable Points

Technically, Bitcoin's price action could indicate a robust bullish momentum, with the 50-day simple moving average (SMA) edging closer to the 200-day SMA, hinting at an imminent "golden cross." This pattern has historically sparked exponential rallies, including a surge past $109,000 in a previous cycle.
Some experts foresee Bitcoin breaking the $100,000 barrier in 2025, with potential targets of $150,000 to $200,000 by year-end. Short-term forecasts even suggest a summer rally pushing Bitcoin's price to $120,000–$130,000.
This optimistic outlook is grounded in factors like rising institutional adoption, facilitated in part by the growing popularity of Spot Bitcoin ETFs. Additionally, enthusiasm for Bitcoin's next halving event in early 2026, which historically tightens supply and inflates prices, and the robust on-chain fundamentals indicating strong long-term investor behavior support this bullish sentiment.
The wave of Spot Bitcoin ETF approvals and adoption fuels a substantial flow of fresh institutional capital, maturing and stabilizing the market by attracting traditional investors.
Notable market strategists like Geoff Kendrick from Standard Chartered predict a climb to $120,000 by mid-2025, with the possibility of reaching $200,000 by the end of the year, aligning with current macroeconomic conditions and crypto-friendly regulatory developments that uphold bullish sentiments.

Ki Young Ju, the CEO of CryptoQuant, asserts that the extraordinary bull run of Bitcoin (BTC) contradicts earlier patterns in the digital currency market, with old whales, miners, and retail investors powering the momentum.
According to Ki Young Ju, the influx of new liquidity sources and volume in the cryptocurrency market signifies a paradigm shift as it merges with traditional finance (TradFi), making it crucial to monitor how much fresh liquidity is pouring in from institutions and ETFs.
Despite the relentless surge of Bitcoin (BTC) and the surpassing of $120 billion in Bitcoin Spot ETFs' Assets Under Management (AUM), it's too early to label the recent price action as a clear bullish season, cautions the analyst.
Bitcoin (BTC) hit its local high at $104,116 on May 8, 2025, marking the highest level since January 30, with an impressive $10,000 added to its price in just four days.
Bitcoin's price action could indicate a robust bullish momentum, with the 50-day simple moving average (SMA) edging closer to the 200-day SMA, hinting at an imminent "golden cross."
Some experts foresee Bitcoin breaking the $100,000 barrier in 2025, with potential targets of $150,000 to $200,000 by year-end.
The wave of Spot Bitcoin ETF approvals and adoption fuels a substantial flow of fresh institutional capital, maturing and stabilizing the market by attracting traditional investors, as predicted by market strategists like Geoff Kendrick from Standard Chartered.

Bull Run for Bitcoin (BTC) isn't finished, claims CryptoQuant CEO, expect substantial ETF inflows.