According to Cas Abbé, Bitcoin (BTC) continues to demonstrate strong bullish momentum as it consistently forms higher highs and higher lows since April, indicating a resilient uptrend (source: Twitter @cas_abbe, May 21, 2025). Institutional interest remains robust, with spot Bitcoin ETFs purchasing $400M-$500M worth of BTC daily, highlighting sustained demand from large investors (source: Twitter @cas_abbe). Additionally, the persistent Coinbase Bitcoin Premium suggests strong US-based buying pressure, a key metric for traders monitoring order flow and arbitrage opportunities (source: Twitter @cas_abbe). These factors underscore the technical and on-chain signals that support the probability of BTC reaching new all-time highs, making it a critical period for active crypto traders and investors.

According to Cas Abbé, the Coinbase Bitcoin Premium, a key indicator for spotting institutional accumulation of BTC, has reversed and is positive again. This shift often precedes a Bitcoin price pump, suggesting potential bullish movements in the market.