Bitcoin (BTC) is showing impressive strength this week as its price surged by 3.7%, climbing to a new all-time high of $111,861 on May 21. Even after a slight pullback to around $110,300, the market quickly bounced back, showing no signs of major selling pressure.
Bullish Sentiment Stays Strong
Despite hitting record levels, Bitcoin investors are largely staying put. Many market participants are holding onto their positions instead of taking profits, suggesting strong confidence in further upside potential.
Interestingly, every Bitcoin wallet is now in profit, according to on-chain data — a milestone that highlights how far BTC has come. Yet, analysts say the market isn’t overheated.
What Experts Are Saying
CryptoQuant analyst Crypto Dan noted that while Bitcoin has reached a new all-time high, the usual signs of market overheating — such as rising funding rates or rapid inflows of short-term capital — are not present.
“So far, profit taking remains mild. The current indicators show healthy growth without the typical bubble warnings,” he explained.
Bitcoin Outperforms Traditional Markets
While major stock indexes like the Dow Jones Industrial Average faced headwinds, Bitcoin outshined with a solid rally, reinforcing its position as a top-performing asset in 2025.
