Bitcoin Hits New ATH, Becoming The 5th Largest Global Asset

BTC hits $109,565, becoming the 5th largest global asset with a $2.166T market cap.

Exchange inflows have fallen 82% since November, while USDT on exchanges hits $46.9B.

Realized cap rises $3B in 24 hours, reflecting substantial market accumulation at record prices.

Bitcoin has reached a new all-time high of $109,565. The move places it ahead of Amazon in global asset rankings, making it the 5th largest asset by market cap at $2.166 Trillion.

This results from BTC price growth and strong backing from on-chain and derivatives data. Investors are becoming more active, boosting liquidity. People are holding onto their assets for longer periods.

Derivatives Volume Surges as Bitcoin Hits All-Time High

The recent rise in Bitcoin price has led to a surge in activity in its derivatives market. At the time of writing, the token was trading at $107,578, a 1.3% increase in the last 24 hrs. Also, its price has ranged from $105,574 to a new high of $109,565.

As per Coingecko data, BTC price has stayed above $100,000 for the last 7 days, rising from $101,776. The derivatives volume jumped by 60.51% in the past 24 hours, reaching $186.19 Billion.

Open interest rose by 5.09% to $75.94 Billion. This suggests increased trader participation in futures and options markets.

BTC Derivatives Data Analysis | Source: Coinglass

Trading in options increased by 79.19% to $6.03 Billion, with open interest rising by 4.59% to $43.88 Billion. Trading activity is rising, indicating ongoing speculation in the market. At the same time, experienced Bitcoin traders use hedging strategies to manage risk.

Exchange Inflows Decline Sharply as Long-Term Holders Grow

CryptoQuant’s on-chain data supports the bullish momentum, which reveals fewer Bitcoins are going into exchanges.

Total exchange inflows decreased from 121,000 BTC in late November 2024 to only 22,000 BTC in mid-May 2025. The sharp fall in investors sending Bitcoin to exchanges usually indicates less interest in selling.

Bitcoin exchange inflow (total) -all exchanges | Source: CryptoQuant

Similarly, the number of BTCs being deposited has dropped. At the beginning of 2023, the daily number of deposits was around 98,000. Currently, the number is 29,000, which is the same as the levels recorded in early 2023.

Bitcoin exchange depositing transactions -all exchanges | Source: CryptoQuant

These trends show that less money is coming into trading platforms. When the amount of currency in circulation falls and demand increases, the currency’s price tends to rise.

USDT Supply on Exchanges Reaches Record High of $46.9B

Additionally, growing stablecoin liquidity is helping to push up the price. There is now a record $46.9 Billion worth of USDT on centralized exchanges. When stablecoin reserves rise, the market can buy more assets.

USDT supply on centralized exchanges | Source: CryptoQuant

Since the start of 2024, the amount of USDT has been increasing as the BTC price rises. The increase in capital on exchanges indicates that it is ready to be used for buying assets.

Bitcoin Now Ranks Above Amazon in Global Market Capitalization

It follows only Gold, Microsoft, NVIDIA, and Apple in the ranking. It shows that Bitcoin is being recognized more widely as a global asset.

BTC hit an all-time high of $109,565, pushing its market capitalization to $2.166 Trillion. This makes it more valuable than Amazon, which has a market cap of $2.154 trillion.

Top assets by market cap | Source: X

This rise in the rankings of assets shows a significant change in how Bitcoin is viewed. Cryptocurrency is viewed as a serious investment and is being measured alongside the most prominent companies and financial holdings.

Furthermore, the realized cap increased by $3 billion in only one day. This means that investors are in the process of accumulating 0.33% of Bitcoin’s total capital.

The realized cap shows the total value of all Bitcoins, using the price it traded at last. When the realized cap increases during a price rise, new long-term buyers enter the market at higher prices.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.