🟡On May 1, Bitcoin’s price surpassed $96,000 for the first time since February, while the total crypto market capitalization reached $3 trillion — a level last seen in March. According to CoinGecko, at the time of writing, the asset was trading at $96,344, up 2.8% over the past 24 hours and 15.2% over the past month. The rise is accompanied by a surge in activity from short-term holders (STH), which, as observed by CryptoQuant analyst DanCoinInvestor, has often preceded major rallies in the past.
🟡Another signal supporting the continuation of the uptrend is the sharp increase in open interest in Binance futures — up by $2.2 billion over the past 20 days. Analyst burak_kesmeci views this as a sign of strong support for the bullish movement. Notably, on April 23, Bitcoin broke through $94,000 following positive statements from Donald Trump and the Fed chair. All of this strengthens expectations of an approaching “euphoria phase,” with a potential target of $115,000.