$BTC Approaches All-Time High as #ARKInvest Highlights Bullish Signals


$BTC hovers near its $111,814 all-time high, with ARK Invest identifying multiple bullish indicators in its May monthly report.


Aggregate unrealized profits remain only one standard deviation above the mean, well below the three standard deviations indicating irrational exuberance.


$BTC #ETF inflows surged 120% from $2.5 billion to $5.5 billion in May, while global gold ETFs declined from $9.2 billion to $1.5 billion.


Key support levels now sit between $94,000-$97,000, eclipsing the 200-day moving average and short-term holder cost basis.


#ARK notes bearish signals including declining transaction volumes and $BTC core development commits hitting 10-year lows at 704.


However, the research firm maintains its bullish long-term outlook despite mixed near-term macro conditions.


Cathie Wood's team previously predicted $BTC could reach $2.4 million per coin by 2030 based on experimental modeling.


Their bear case scenario still projects $500,000 per $BTC in 2030, representing a 5x multiple from current levels.


$BTC is trading at around $109,360, just 2% below its all-time high.


The firm emphasizes $BTC role as a fixed monetary asset rather than a development platform.

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June 11, 2025 at 2:18 PM
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