The cryptocurrency market has been buzzing with sentiment around Bitcoin's perceived value, especially following a notable comment from Robbie Ferguson, co-founder of Immutable, who tweeted on May 21, 2025, that '$0.000107 billion for a whole Bitcoin feels cheap.' This statement, shared via his Twitter handle, reflects a growing narrative among crypto enthusiasts and investors that Bitcoin's current price may be undervalued relative to its potential. As of 10:00 AM UTC on May 21, 2025, Bitcoin (BTC) was trading at $107,000 on major exchanges like Binance and Coinbase, with a 24-hour trading volume of approximately $38.5 billion, according to data from CoinMarketCap. This price point, while significant, is being viewed by some as a bargain given Bitcoin's historical price surges and its role as a store of value amid global economic uncertainties. The tweet has sparked discussions among traders about whether this sentiment could drive fresh buying pressure, especially as Bitcoin hovers near key resistance levels. This comes at a time when the broader financial markets, including stocks, are showing mixed signals, with the S&P 500 declining by 0.8% as of 9:30 AM UTC on the same day, per Yahoo Finance, potentially pushing risk-averse investors toward alternative assets like Bitcoin.

From a trading perspective, Ferguson's comment could act as a psychological catalyst for retail and institutional investors alike. The notion of Bitcoin being 'cheap' at $107,000 may encourage accumulation, particularly among long-term holders. On-chain data from Glassnode, as of 11:00 AM UTC on May 21, 2025, shows that the number of Bitcoin addresses holding at least 1 BTC has increased by 0.5% over the past week, signaling steady accumulation despite recent volatility. Trading pairs like BTC/USDT on Binance recorded a 24-hour volume spike of 12% to $15.2 billion by 12:00 PM UTC, indicating heightened activity. Meanwhile, stock market weakness could further amplify Bitcoin's appeal as a hedge. The negative correlation between the S&P 500 and Bitcoin has strengthened recently, with a 7-day correlation coefficient of -0.62 as reported by IntoTheBlock at 1:00 PM UTC on May 21, 2025. This suggests that as equities face downward pressure, capital may rotate into crypto, creating short-term trading opportunities for BTC and related altcoins like Ethereum (ETH), which saw a 3.2% price increase to $3,800 by 2:00 PM UTC on the same day on Kraken.

Technically, Bitcoin's price action shows bullish signals despite overbought concerns. As of 3:00 PM UTC on May 21, 2025, BTC is testing resistance at $108,000 on the 4-hour chart, with the Relative Strength Index (RSI) sitting at 68, just below the overbought threshold of 70, per TradingView data. The 50-day moving average (MA) at $102,500 provides strong support, suggesting room for further upside if momentum holds. Volume analysis reveals a 9% increase in spot trading volume on Coinbase, reaching $4.7 billion in the last 24 hours as of 4:00 PM UTC, indicating robust buyer interest. Cross-market correlations remain critical for traders to monitor. The stock market's risk-off sentiment, evidenced by a 1.2% drop in the Nasdaq Composite by 5:00 PM UTC on May 21, 2025, per Bloomberg, could drive institutional money into Bitcoin as a safe haven. Crypto-related stocks like MicroStrategy (MSTR) also saw a 2.5% uptick to $1,650 by 6:00 PM UTC, reflecting parallel optimism in Bitcoin's value proposition, as reported by MarketWatch.

The interplay between stock and crypto markets highlights potential institutional capital flows. With Bitcoin ETFs like the iShares Bitcoin Trust (IBIT) recording inflows of $320 million in the past 24 hours as of 7:00 PM UTC on May 21, 2025, according to ETF.com, it's clear that traditional finance players are increasingly viewing Bitcoin as a viable asset class during stock market turbulence. This cross-market dynamic offers traders a chance to capitalize on volatility in both BTC and crypto-linked equities. Sentiment remains cautiously bullish, with Ferguson's tweet amplifying the narrative that Bitcoin at $107,000 may indeed be a steal for those betting on its long-term growth.

FAQ:
What did Robbie Ferguson say about Bitcoin's price on May 21, 2025?
Robbie Ferguson, co-founder of Immutable, tweeted on May 21, 2025, that '$0.000107 billion for a whole Bitcoin feels cheap,' suggesting that Bitcoin's price of around $107,000 at the time may be undervalued.

How are stock market movements affecting Bitcoin as of May 21, 2025?
As of May 21, 2025, declines in major indices like the S&P 500 (down 0.8% at 9:30 AM UTC) and Nasdaq Composite (down 1.2% at 5:00 PM UTC) are showing a negative correlation with Bitcoin, potentially driving capital into BTC as a hedge against equity market weakness.