Cryptocurrency
3 Reasons Why a New Bitcoin (BTC) ATH Is Incoming

TL;DR
Bitcoin’s recent outflows from exchanges and other vital factors support the case for a push toward a new all-time high.
However, the rising RSI suggests the asset may be overbought and vulnerable to a short-term pullback.
New Peak on the Way?
The price of the leading cryptocurrency has been booming lately, briefly climbing above $104,000 earlier today (May 9). As of this writing, bitcoin (BTC) is worth approximately $103,000, which represents a 33% monthly increase.
The asset’s impressive rally sparked huge enthusiasm on crypto X, with multiple users predicting that an upswing toward a new all-time high is just a matter of time. Some important factors support the bullish thesis.
An example is BTC’s exchange netflow, which has been predominantly negative on most days in the past week or so. This indicates a shift from centralized trading platforms toward self-custody methods and reduced selling pressure.
The interest in BTC is also worth mentioning. Over the last few weeks, Google searches with the word ‘bitcoin’ have been on the rise, signaling increased attention from investors, especially retail.
As CryptoPotato reported earlier today (May 9), Bitcoin’s network saw almost 350,000 newly created wallets in a single day, signaling a FOMO effect. On some occasions in the past, the massive influx of retail investors has been a precursor of cycle tops. Although the current retail numbers are higher now than in the last several weeks, they are still far from what could be described as the bull run top.
Last but not least, we will focus on the upcoming meeting between US and Chinese officials scheduled for this weekend. The two sides will supposedly discuss de-escalation of the ongoing trade war. Recently, American President Donald Trump hinted that the tariffs imposed on China might be cut in the near future.
Eased tension between the two biggest economies in the world could positively impact the financial and crypto markets since it would reduce uncertainty and might boost investor confidence.
Greed Is Here, But Watch Out
BTC’s recent bull run seems to have affected investors’ sentiment. Today, the popular Fear & Greed Index surged to “greed” territory of 73, a level last observed in January this year.
The metric tracks numerous segments, such as price volatility, social media comments, and surveys, to determine the momentary investor feelings toward BTC.
The predominantly bullish sentiment might sound encouraging, but one should keep in mind Warren Buffett’s advice, who once urged people “to be fearful when others are greedy and to be greedy only when others are fearful.”
The Relative Strength Index (RSI) is another indicator worth monitoring. The momentum oscillator measures the speed and magnitude of the latest price changes and varies from 0 to 100. It helps traders spot potential trend reversals, as readings above 70 typically signal that the asset could be overbought and headed for a pullback. Currently, the ratio stands at almost 75.
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Cryptocurrency
Capital B Acquires 126 BTC, Total Holdings Top 2,200

The data & AI technology consulting company, now turned to treasury, has released a financial statement showcasing its most recent Bitcoin procurement.
Meanwhile, the crypto asset posted some gains over the weekend and, at the time of writing, is still riding the bullish wave.
The Acquisition
Listed on the Euronext Growth Paris ($ALCPB), Capital B (formerly the Blockchain Group), announced its most recent purchase via a press release earlier today.
The 126 bitcoins were purchased for approximately €12.4 million (~$ 14.4 M), bringing their total stash to 2,201, with an average purchase price of $106,770 per coin.
This aligns with their plan to have 3,000 BTC by the end of fiscal 2025, which falls on September 27th this year, and their overall goal of owning 1% of all Bitcoin by 2033. They started the acquisitions in early November last year and have achieved a Bitcoin yield of 1,519.5% year-to-date (YTD).
This is a metric that tracks the percentage change in the ratio of total BTC holdings to fully
diluted shares outstanding over a given period, or simply put, how much more of the asset is owned per potential share of stock.
They are currently ranked 24th on Bitcoin Treasuries, neck-and-neck with HIVE Digital Technologies, which also holds 2,201 BTC, and behind the 2,353 BTC that Microcloud Hologram currently holds.
Bitcoin Outlook
The largest cryptocurrency by market capitalization had a green Sunday, opening at $116,490 and closing the day at $119,310, representing a 2.42% increase. The wave continues into Monday, and at press time, the asset remains on the rise.
An interesting week is ahead of us, as per the US economic calendar, with CPI and PPI data being released, along with several other key indicators.
Bitcoin, like other volatile assets, tends to react to macroeconomic data, so its price could fluctuate depending on the numbers. The highly anticipated Fed meeting is also approaching, with just over a month to go until we hear whether a rate cut will be announced, which is another potential catalyst for price moves.
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Cryptocurrency
A Modest One: Saylor’s Strategy Buys 155 BTC for $18 Million

Strategy – the company founded by Michael Saylor – rarely skips a Monday without announcing a crypto purchase.
Today was no exception as the company revealed it had acquired the modest (for its standards) 155 BTC for roughly $18 million. The average price of the deal was around $116,401 per coin.
Strategy has acquired 155 BTC for ~$18.0 million at ~$116,401 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 8/10/2025, we hodl 628,946 $BTC acquired for ~$46.09 billion at ~$73,288 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/bx0814RI1w
— Michael Saylor (@saylor) August 11, 2025
Over the past few months, the company has announced several more impressive deals. Towards the end of June, it bought 4,980 BTC for over $530 million, while a few weeks prior, it stunned the community with a multi-billion-dollar purchase.
Strategy has achieved a BTC yield of 25% YTD 2025. It is the world’s biggest corporate holder of the primary cryptocurrency, and currently it has 628,946 BTC bought for approximately $46.09 billion.
Due to the price increase of the asset, the current value of the holdings now exceeds $75 billion, meaning the company is sitting on a paper profit of almost $30 billion.
It is worth mentioning that Strategy began accumulating BTC exactly five years ago. Its initial purchase included 21,000 coins, valued at around $250 million.
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Cryptocurrency
Ethereum Dev Says Turkish Authorities Accused Him of Helping Others Misuse Ethereum

An Ethereum developer pseudonymously known as “Fede’s Intern” claims to have been detained in Izmir, Turkey.
Authorities accuse him of helping others “misuse” the ETH blockchain network, a charge he strongly denies.
“Very Troubling”
The Argentinian developer, who focuses on ZK and Ethereum projects, said Turkey’s Minister of Interior accused him of facilitating Ethereum misuse and that he was confined to a room.
In posts on social media platform X, he maintained that he and his associates are “just infra builders” working transparently and in the open. Their business operations span more than a dozen industries across Europe and collaborations with governments.
He is linked to projects including Lambda Class and Aligned. According to his account, local authorities told his lawyer he could face charges, which prompted him to limit public comments and urge followers to contact associates who could speak on his behalf.
He claimed to have engaged senior contacts in over 10 countries, including the US, UAE, and various Asian nations, while friends from multiple jurisdictions have contacted Turkish officials.
Fede’s Intern expressed readiness to cooperate with Turkish authorities or any government, while asserting that neither he nor his companies were involved in illicit activity. He also added that he might soon contest the allegations from abroad. His latest update reads:
“I couldn’t leave yet. In theory in 3 hours I’m out. Once I land in Europe I will explain everything we know. Thanks for everyone helping me get out of here. They wanted to take my phone since they considered it a security risk but thanks to some friends calls they didn’t.”
Bankless co-founder Ryan Sean Adams called the situation “very troubling.” He noted that the story was still developing and questioned the optics for the Ethereum community, especially with Istanbul having been floated as a potential location for DevCon 2026.
Compliance and AML Vigilance
Turkey has significantly tightened oversight of its crypto sector. For instance, tougher Anti-Money Laundering (AML) rules came into effect on February 25, 2025. As such, all crypto transactions of more than 15,000 TRY would need user identification, and providers can curb or halt transactions deemed “risky.”
The Capital Markets Board (CMB) was given authority over crypto asset service providers (CASPs), including exchanges, custodians, and wallet services.
Since March 13, 2025, operators must obtain a license, meet capital requirements, which are around $4.1 million for exchanges, $13.7 million for custodians. In addition to that, operators must also integrate risk-management and compliance infrastructure, and submit frequent audits and transaction reports.
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