Bitcoin (BTC) continues its bullish trend, trading near $70,000 as of May 22, 2025. But according to market analysts, this rally may be far from over. Despite reaching impressive price levels, the market is showing no signs of euphoric behavior—a key signal that Bitcoin has room to climb even higher.
No FOMO? Bullish Signal
One of the clearest indicators that the market hasn’t peaked is the lack of FOMO (Fear of Missing Out) among retail investors. Historically, Bitcoin tops have coincided with parabolic retail participation, but today’s sentiment remains cautiously optimistic.
“Retail is still sitting on the sidelines, and that’s incredibly bullish,” says James Butterfill, Head of Research at CoinShares.
Metrics like Google search trends for ‘buy Bitcoin’ and exchange sign-ups remain relatively low, further supporting the idea that mass adoption hasn’t kicked in yet.
Futures Market Euphoria Absent
Another bullish signal comes from the Bitcoin futures market. While open interest remains high, the funding rates across major exchanges are stable and not indicative of over-leveraged long positions.
“In previous cycles, overhyped futures markets triggered dramatic corrections. Today, we see a much more measured approach,” explains analyst Will Clemente.
Low funding rates and a balanced long/short ratio suggest that speculative frenzy is missing—a sign of a healthier, more sustainable rally.
Institutional Inflows Continue
A significant driver behind Bitcoin’s current strength is institutional investment, particularly through spot Bitcoin ETFs. Products from BlackRock, Fidelity, and Grayscale are seeing consistent net inflows, signaling strong long-term conviction from professional investors.
According to CoinShares, Bitcoin investment products saw over $900 million in inflows last week, marking one of the highest weekly totals in 2025.
What This Means for Bitcoin’s Future Price
With no retail mania and subdued leverage in futures, analysts believe Bitcoin could hit $85,000 to $100,000 in the coming months. Some even project long-term targets above $130,000 if macroeconomic conditions—like falling interest rates—align favorably.
“We’re not in the mania phase yet. This could be the mid-cycle consolidation before a major breakout,” noted analyst Michaël van de Poppe.
Final Thoughts
Bitcoin’s steady climb, backed by institutions and free of retail frenzy, may just be the beginning. Without the usual signs of overheating—like high funding rates or viral retail hype—analysts are increasingly confident that BTC has more room to grow.