Bitcoin Targets $109,000 as Weekly Surge Signals Bullish Breakout

Bitcoin is poised for its strongest weekly gain in 2025, with prices surging toward $94,846 amid growing institutional interest. Analysts suggest a 15% breakout could propel BTC past $109,000 if bullish momentum continues. Whale activity has also spiked, indicating heightened confidence among large investors.

Bitcoin Price Poised For Strongest Weekly Gain, Targets This Level

Bitcoin surged toward $94,846 this week, marking its most robust performance in 2025. Analysts project a 15% breakout could propel BTC past $109,000 if bullish momentum holds.

Whale activity signals mounting confidence, with 23,550 large transactions recorded in 24 hours—nearly matching this week’s peak. Institutional accumulation often precedes major price movements.

Bitcoin’s Price Momentum Faces Liquidity Constraints Despite ETF Demand

Bitcoin’s recent price surge leans heavily on ETF inflows while stablecoin-based buying power languishes at concerning levels. Two critical metrics—the exchange stablecoins ratio (ESR) and stablecoin supply ratio (SSR)—paint a nuanced picture of market liquidity. The ESR, tracking stablecoins against Bitcoin reserves on exchanges, signals tightening spot market conditions as it extends a multi-year downtrend, sliding from 0.000056 to 0.000053 in April 2025.

Meanwhile, the SSR’s comparison of Bitcoin’s market cap to stablecoin supply reveals weakening demand from crypto-native capital. Institutional ETF flows now appear to be compensating for retail investors’ retreat, creating a fragile equilibrium where price advances lack broad-based support.

Cboe Launches Cash-Settled FTSE Bitcoin Index Futures for Institutional Investors

Cboe Global Markets has expanded its cryptocurrency derivatives offerings with the introduction of cash-settled FTSE Bitcoin Index futures. The new product, trading under the ticker XBTF, provides institutional investors with 1/10th Bitcoin exposure through monthly cash-settled contracts.

The futures are based on the FTSE Bitcoin Reduced Value Index and will be cleared through the Options Clearing Corporation (OCC). Barak Capital and Prime Trading have been tapped as liquidity providers for the new contracts, which join Cboe’s existing Bitcoin derivatives products.

This launch represents a significant step in simplifying Bitcoin exposure for professional market participants, offering regulated risk management tools without the complexities of direct cryptocurrency custody.

Bank of Italy Warns of Systemic Crypto Risks Amid Traditional Finance Integration

Italy’s central bank has issued fresh warnings about cryptocurrency’s deepening ties to traditional finance, suggesting such integration could destabilize markets. The Bank of Italy’s Financial Stability Report highlights global crypto adoption as a potential systemic risk, particularly noting concerns about market intermediaries.

Despite these warnings, the Italian financial sector continues embracing digital assets. The country’s largest commercial bank quietly added Bitcoin to its portfolio earlier this year, demonstrating the persistent institutional interest that continues to shape crypto markets.

The report specifically referenced political influences, suggesting former U.S. President Donald Trump’s pro-crypto stance could introduce additional volatility. This political dimension adds complexity to regulators’ ongoing struggle to balance innovation with financial stability concerns.

New Cboe Bitcoin Futures (XBTF) Offer More Flexibility for Crypto Traders

Cboe Global Markets has expanded its cryptocurrency derivatives suite with the launch of Cboe FTSE Bitcoin Index futures (XBTF), now trading on its Cboe Futures Exchange. This follows the exchange’s earlier introduction of Bitcoin options products, providing traders with a broader toolkit to navigate Bitcoin’s price volatility.

The new XBTF contracts join Cboe’s growing lineup of crypto products, which includes spot Bitcoin ETFs and Bitcoin ETF index options. Like the exchange’s existing Bitcoin options, these futures will be cleared through the Options Clearing Corporation (OCC), offering institutional and retail traders additional ways to gain exposure to Bitcoin’s price movements.