Bitcoin Holds Steady Near $103K as Institutional Demand and FTX Repayments Loom
Bitcoin’s price has stabilized around $103,000 after facing resistance at the $105,000 level this week. Despite the minor pullback, market sentiment remains bullish, driven by positive global trade developments, continued corporate accumulation, and strong inflows into spot Bitcoin ETFs. The cryptocurrency market is witnessing sustained institutional interest, though traders are advised to remain cautious due to potential volatility stemming from FTX’s upcoming second round of creditor repayments. As of May 17, 2025, Bitcoin’s resilience highlights its growing role in the financial ecosystem, even as legacy crypto events like FTX’s fallout continue to influence short-term price action.
Bitcoin Stabilizes Near $103K Amid Trade Optimism and Institutional Demand
Bitcoin price found stability around $103,000 after repeated rejections at the $105,000 resistance level this week. Market sentiment remains bullish, fueled by global trade developments, corporate accumulation, and sustained inflows into spot ETFs.
The crypto market continues to draw institutional interest, though traders should note potential volatility from FTX’s second round of creditor repayments. Bitcoin’s consolidation near six-figure levels reflects growing confidence in digital assets as macro conditions improve.
Bitcoin Weekly SuperTrend Flashes Sell Signal, Echoing 2022 Market Downturn
Bitcoin’s recent rally above $100,000 has reignited bullish sentiment, but a troubling technical indicator suggests history may repeat itself. The Weekly SuperTrend, which accurately predicted the 2022 crash following FTX’s collapse, has triggered a sell signal for the first time since that downturn.
Market participants now face a stark reminder of 2022’s 60% price plunge. While greed dominates current sentiment, this development raises questions about BTC’s near-term trajectory. The cryptocurrency’s resilience will be tested as traders weigh technical warnings against fundamental strength.
