Bitfinex alpha | Actual purchasing power drives Bitcoin to a new peak

May 21st Bitfinex alpha | Actual purchasing power drives Bitcoin to a new peak

Bitcoin has been steadily increasing since it regained its $92,000 bottom in late April, and continues to show incredible durability and invincible structural strength.

The recent price rise has been a spot market, with strong breakthroughs relaxing after a short, clear stage. This indicates that the accumulation of healthy and potential needs is very solid, rather than being driven by excessive speculative factors. Data on accumulated delta mass (CVD) of large floors still maintains a positive level, making sure they dominate this race rather than leveraging real buyers-people.

Meanwhile, the derivatives market is in a responsive state, with open volatility (OI) indicating that semi-semi-climate pressure and liquidation is a transitional stage that helps clean up the dirty forms of the market. As a result, the current platform will become cleaner and the momentum supported by capital inflows instead of temporary heat generation.

As Bitcoin’s prices have been adjusted slightly after reaching record highs, the price difference (premium) in the spot market is still very high, and current price action actions could be simply a period of strength before explosion. Small adjustments may still occur, but the larger trends still leaning towards positive.

Bitcoin is flying high, but as inflation gradually decreases, warning signs continue to manifest themselves in the US economy, but deeper structural risks begin to emerge. The Consumer Price Index – CPI) rose only 0.2% compared to the previous month and 2.3% compared to last year. This is the lowest increase since the beginning of 2021.

Lower food prices have helped ease pressure from housing costs, but prospects remain ambiguous due to tax instability and trade policies. The US and China have reached a temporary ceasefire agreement, but a massive import tax rate still exists, with new taxes likely in July. These unpopular trade tensions pose a major challenge for both business and policy.

At the same time, financial pressure is high at home. Fed New York data shows an increase in credit debt rates and student loans over 90 days, drawing a pessimistic picture of personal financial situations. When the tariff effects began biting, they drooped along with the risk of inflation, but a combination of price expansion and escalation — also known as male dogs — could put the Federal Reserve in a difficult position.

The cost of core and housing services remains high at the moment, and the Fed may remain cautious. However, as economic pressures increase, flexibility and vigilance will be required in the coming months.

The markets sometimes flicker, legal regulations are still a long story, accepting bitcoin in the business world, and organizations are still developing strongly. Abu Dhabi’s Mubadara Investment Fund strengthened its holdings of BlackRock’s Bitcoin Spot ETF (IBIT) stock in the first quarter of 2025, indicating a temporary decline in its long-term belief in IBIT’s market value. Since its launch in January 2024, IBIT has led the US ETF spot market, attracting more than $45.5 billion in cash flow and managing a total of $65.4 billion in assets.

In Latin America, Brazil’s Fintech Melluse became the first public company in the region to apply the Bitcoin Reserve Strategy. After purchasing 274.52 BTC worth $28.4 million, the total number of Bitcoins I currently own is over 320 BTC. The move received strong support from shareholders, boosting the company’s stock price and proved investor support for its crypto-based financial strategy.

However, the legal framework remains a tough battle. US judges have rejected general offers between the Secretariat (the Securities Commission and the transaction), rippled over to reduce penalties and remove restrictions. The decision temporarily blocked a potential agreement in a groundbreaking case that could shape the future of US crypto regulations. All these events reflect both the motivations and challenges that crypto faces its journey into the global financial system.

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