According to Adam Back, recent activity in the Bitcoin investment fund market shows that the mNAV (market Net Asset Value) can be compressed when large amounts of BTC are purchased, leading to a temporary lag in market repricing. Back notes that the fund briefly achieved a 10.25x multiple in February, and with more BTC now correlating to ¥1650, a price range of ¥1000-¥1500 is likely in play. He emphasizes the rapid pace of growth, citing a 2x increase in just three months, which would extrapolate to a 16x annual growth if the trend continues. This rapid mNAV movement and market lag are important for crypto traders monitoring fund price efficiency and arbitrage opportunities. (Source: Adam Back, Twitter, May 10, 2025)

According to Crypto Rover, Bitcoin is demonstrating a significant decoupling from traditional financial markets, signaling a potential shift in its correlation patterns and momentum. This observed divergence suggests that traders should consider raising their price targets, as Bitcoin's independent price action may offer new trading opportunities and increased volatility. Market analysts are closely monitoring this trend for its impact on short-term trading strategies and long-term portfolio allocation, as highlighted by Crypto Rover on April 25, 2025 (source: Crypto Rover Twitter).

According to Greeks.Live, the current market sentiment is cautiously bullish, with traders eyeing Bitcoin's potential rise past $90k. If achieved, the next price targets are set at $93k and $100k. However, some market participants express concerns about potential weaknesses, which could hinder upward momentum.