Will it break the all-time high again?

Over the past week, the Bitcoin market has seen volatile trends, attracting widespread attention. In terms of price performance, Bitcoin carried forward the upward momentum from the previous week, opening at $103,500 and continuing its upward trend. On May 22nd, Bitcoin reached a high point, breaking through the $110,000 mark and hitting a record high of $112,000. Its market capitalization also surged to over $2.15 trillion, ranking among the top five global asset market capitalizations.

In terms of market capital flows, Bitcoin ETF products saw a total net outflow of up to $616 million on May 30th, with IBIT alone experiencing an outflow of $431 million, ending a consecutive 10-day net inflow trend. However, BlackRock's iShares Bitcoin ETF recorded a total net inflow of over $6.35 billion in May, with assets under management exceeding $71 billion, indicating that institutional investors maintain a long-term optimistic view of Bitcoin, and the short-term outflows are mostly profit-taking.
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