Consistent capital inflows and strong technical indicators suggest Bitcoin could reach new highs before May ends.
Bitcoin remains in a bullish trend, supported by steady inflows of capital that hint at further price gains in the near term. According to a post by Glassnode on X, Bitcoin’s Realized Cap — which reflects the value of BTC based on the price each coin last moved — has climbed by $30 billion since April 20, increasing at a 3% monthly rate so far in May. The metric now sits at $900 billion.
Although this growth is slower than the sharp 8% rise seen in late 2024 when BTC hit $93,000, it still signals growing investor confidence and new money entering the space.
Glassnode also pointed to a notable shift in market behavior. The 7-day simple moving average (SMA) of Bitcoin’s Spot Volume Delta turned positive, reaching a peak near $5 billion on May 13. This indicates a surge in direct spot market buying — a pattern observed only a few times in 2025 — reinforcing the strength behind Bitcoin’s recent breakout above the crucial $100,000 level. The increase in spot demand suggests that both institutional and retail buyers are fueling the rally, rather than speculative leveraged trades.
While the pace of Realized Cap growth lags behind the late 2024 surge of $50 billion, overall market sentiment remains upbeat.
Is Bitcoin on track for another 10% rally?
Bitcoin has been following a pattern of consolidation and breakout since bottoming near $74,500 in early April. Over the last month, the asset has shown a repeating cycle — it consolidates at a key level, then breaks into a higher trading range.
This structure has occurred twice and appears to be forming a third time. Each cycle has created higher support and resistance levels, with Bitcoin typically retesting the lower boundary before surging higher. The Relative Strength Index (RSI) has aligned with this movement, peaking into overbought territory during price rallies and retreating to the neutral 50 zone during sideways moves.
Currently, BTC is trading between $100,678 and $105,700. If the pattern continues, a short-term retest near $100,000–$102,000 could set the stage for a breakout above $110,000. However, if Bitcoin drops below $102,000 and fails to rebound, the bullish setup may be at risk of invalidation.
