Bitcoin Breaks $97,000: Could A ‘Synthetic Halving’ Power A Run To All-Time Highs?
Posted On May 1, 2025
Bitcoin (CRYPTO: BTC) has broken the $97,000 level in Thursday trading, and commentators predict an even more explosive move to the upside may be brewing.
What Happened: Bitcoin-focused financial service provider Swanoutlined in a post on X on April 30 that ETFs, long-term holders and institutions are steadily shifting BTC into cold storage, reducing liquid supply.
Prices haven’t surged because sellers still exist, including short-term traders and profit-takers, and large buyers accumulate gradually, not in sharp bursts.
The platform points out that the true driver will be demand breaking the current equilibrium — when …
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