Glassnode Analysis Predicts All-time High for Bitcoin Price in May

Recent capital inflows and strong technical indicators indicate that the Bitcoin course could reach new all-time highs by the end of May. Both institutional and individual investors remain active in their purchases, indicating robust interest in this market. A report from Glassnode shows that the Realized Cap has increased by $20 billion since April 30 to around $900 billion, a 3% increase in May. While this is lower than the 8% growth seen at the end of 2024, these figures suggest consistent accumulation without excessive speculation.

The dominant presence of real buyers

A key observation in market dynamics is the 7-day Spot Volume Delta, which remains positive and shows that more Bitcoin is being bought than sold. This form of direct buying pressure, rare this year, often accompanies a rising price and indicates significant demand from long-term investors and large financial institutions looking to bolster their positions.

Bitcoin price structure points to continued growth

Bitcoin’s price performance shows a clear pattern of accumulation, with periods of sideways movement followed by upward jumps. If the price holds current support levels and the pattern repeats, a slight pullback within the current price range could provide a stepping stone to higher values ​​such as $110,000. A dip below $102,000 without a quick recovery could temporarily dampen bullish sentiment, but fundamental indicators and demonstrable interest from real buyers suggest underlying strength in the market.

The current market phase, characterized by less explosive but potentially more sustainable growth, could provide a new setting for Bitcoin to reach record highs, provided no unexpected macroeconomic events occur and key support levels remain intact. The path to the upside seems paved with more than just good intentions, it looks like there’s gold in the bag!

Frequently Asked Questions

What are the signs of healthy accumulation in the Bitcoin market?

The consistent growth in Realized Cap and the positive Spot Volume Delta, which indicates more buying than selling activity, are indications of healthy accumulation by long-term investors.

What could trigger an upward price move?

A pullback that stays within the current price range and then finds support can lead to a new uptrend. It is precisely this 'staircase structure' that has often led to increases in the past.

Could the price come under pressure and what would cause this?

A drop below firmly established support levels, with no signs of a recovery anytime soon, could indicate temporary bearish pressure within the market, possibly due to external economic shocks or market volatility.