Bitcoin’s recent surge to a new all-time high above $111,000 is fueled by substantial institutional investment, favorable regulatory developments, and bullish on-chain data, strongly indicating the potential beginning of a new crypto supercycle.
Bitcoin has shattered expectations, soaring to a new all-time high of $111,880 on Thursday, May 22. The surge extends its bullish streak, smashing past previous records with a 4% gain in just 24 hours after briefly touching $109,458 earlier in the day.
Year-to-date, Bitcoin is up 19% in 2025 and has surged 48% since dipping to $75,000 in April following global market jitters from new U.S. tariffs. The new milestone has captivated investors globally, fueling widespread discussion about the potential onset of a new “crypto supercycle.”
What’s Fueling the Rally?
This breakout isn’t just about price—it’s powered by significant institutional momentum and supportive macro tailwinds.
For instance, BlackRock’s iShares Bitcoin Trust has seen a staggering $6.5 billion in inflows this month alone, while Michael Saylor’s firm, Strategy, acquired an additional $765 million in BTC this week.
Major financial players like JPMorgan, Morgan Stanley, and BlackRock are also expanding their crypto services, signaling deeper integration.
Simultaneously, positive policy moves are bolstering confidence. Initiatives such as the Texas Senate’s Strategic Bitcoin Reserve bill and ongoing stablecoin regulation efforts in the U.S. Congress suggest growing governmental acceptance.
On-chain data further paints a bullish picture: open interest in BTC futures has surpassed a record $80 billion, indicating fresh capital and heightened trader engagement.
Meanwhile, Bitcoin inflows to exchanges are sharply down, suggesting long-term holders are staying put despite elevated prices.
Is This the Start of a New Crypto Supercycle?
This rally feels different. Bitcoin is no longer just a speculative asset driven by retail frenzy; it’s becoming an integral part of the mainstream financial system.
The current ascent is distinguished by institutional capital, clearer regulatory pathways, and the behavior of long-term investors, all reshaping the market landscape.
This confluence of factors suggests a maturing asset class, a departure from previous cycles often characterized by more volatile, retail-driven speculation.
Market analysts are taking note, with experts like Edward Carroll and Arthur Hayes forecasting Bitcoin could reach $160,000 by the fourth quarter of this year, and some even eyeing the $1 million mark by 2028.
According to the Bitcoin Quantile Model, we can expect price targets of $130,000 and $163,000 in the coming months.
Conclusion
So, is this the start of a new crypto supercycle? Bitcoin’s price predictions, decisive surge, supported by institutional commitment and robust market fundamentals, strongly suggests it.
The fundamentals have never been stronger—and this may just be the beginning.
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