Shunyet, head of Bybit derivatives, talks about Bitcoin's new high: It is expected to hit $125,000 in the second quarter

News - Dubai, UAE, May 22, 2025 - Cryptocurrency exchange Bybit today shared an exclusive insight from its derivatives head Shunyet Jan regarding Bitcoin hitting a historic high. Shunyet stated that this historic rise is the result of multiple market catalysts and macroeconomic changes, and predicted that Bitcoin still has room for further growth if the current trend continues. "Bitcoin's new all-time high marks a significant transformation in the global financial landscape," Shunyet said. "We are witnessing a rare convergence of regulatory clarity, institutional capital inflow, and macroeconomic changes, accelerating mainstream adoption." Shunyet pointed out that Bitcoin's rise was primarily driven by three key factors: Stablecoin Regulation Becoming Clearer: "A series of comprehensive legislation, including the GENIUS Act, has established a clearer regulatory framework for stablecoins. This has enhanced institutional confidence and laid the groundwork for large-scale cryptocurrency adoption." Continuous Inflow into Spot Bitcoin ETFs: "Continuous capital inflow into Bitcoin spot ETFs indicates that institutional investors are treating Bitcoin as a mainstream asset class. These products provide a regulated investment entry point, releasing new liquidity sources and long-term demand." Weakening US Dollar and Inverse Correlation: "As a global asset, Bitcoin is particularly sensitive to macro trends. With the US dollar weakening, Bitcoin is benefiting from its 'digital gold' value storage role, further consolidating its position." Although Bitcoin is leading this market rally, Shunyet maintains a cautiously optimistic view of the overall crypto market: "Ethereum and other large-cap crypto assets are likely to benefit from Bitcoin's momentum," he added. "However, the current high-interest-rate environment and ongoing macroeconomic uncertainty may limit the growth potential of small Altcoins in the short term." Looking ahead, Shunyet boldly predicts: "If the current trend continues, our analysis suggests Bitcoin could reach $125,000 by the end of the second quarter. We remain confident in Bitcoin's core role in the future financial system." Bybit will continue to provide a trustworthy, high-performance trading platform for retail and institutional users, helping them enjoy advanced trading tools and deep liquidity markets.