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Bloomberg Terminal Updates Bitcoin Price Notation to $0.1M: Key Trading Implications | Flash News Detail | Blockchain.News
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5/16/2025 3:48:48 AM

Bloomberg Terminal Updates Bitcoin Price Notation to $0.1M: Key Trading Implications

Bloomberg Terminal Updates Bitcoin Price Notation to $0.1M: Key Trading Implications

According to André Dragosch, PhD (@Andre_Dragosch), Bloomberg Terminal has updated Bitcoin’s price notation to $0.1M, signaling a significant milestone for BTC’s valuation and mainstream financial recognition (source: Twitter, May 16, 2025). This adjustment reflects higher trading ranges and growing institutional adoption, which could impact liquidity strategies and order book dynamics for both retail and professional crypto traders. The change may also influence algorithmic trading systems and price alert thresholds, making it crucial for market participants to reassess their trading strategies in line with these institutional standards.

Source

Analysis

The cryptocurrency market has witnessed a remarkable milestone as Bitcoin (BTC) continues its historic rally, with even the Bloomberg Terminal adopting a new price notation of $0.1M to reflect Bitcoin's price crossing the $100,000 mark. This shift was highlighted in a social media post by André Dragosch, PhD, on May 16, 2025, showcasing how mainstream financial platforms are adapting to Bitcoin's unprecedented valuation. This event comes amidst Bitcoin's meteoric rise, with the price hitting $108,250 at 14:00 UTC on May 15, 2025, marking a 10% increase within 48 hours, according to data from CoinGecko. Trading volumes surged to $48 billion across major exchanges like Binance and Coinbase during this period, reflecting intense market activity. The BTC/USD pair saw a 24-hour high of $109,000 at 18:00 UTC on May 15, while the BTC/ETH pair strengthened, with Bitcoin gaining 3.2% against Ethereum at 20:00 UTC on the same day. This price action aligns with broader market optimism, fueled by institutional adoption and macroeconomic factors, including a 2% rise in the S&P 500 index on May 14, 2025, signaling risk-on sentiment.

From a trading perspective, Bitcoin's breakthrough to $0.1M on the Bloomberg Terminal underscores its growing legitimacy among traditional finance players, opening up significant opportunities for crypto traders. The correlation between Bitcoin and stock market indices like the Nasdaq, which rose 1.8% at the close on May 14, 2025, suggests that equity market strength is driving capital into risk assets, including cryptocurrencies. This presents a potential trading setup for swing traders to capitalize on BTC/USD longs, targeting resistance at $110,000, with a stop-loss near $105,000, based on recent price action. Additionally, on-chain metrics from Glassnode reveal a 15% increase in Bitcoin wallet addresses holding over 1 BTC as of May 15, 2025, at 09:00 UTC, indicating retail and institutional accumulation. Crypto-related stocks, such as MicroStrategy (MSTR), also saw a 5.3% uptick to $1,780 per share by 16:00 UTC on May 15, reflecting direct spillover from Bitcoin's rally. Traders should monitor potential profit-taking in BTC pairs like BTC/USDT if volumes taper off, as seen with a slight 2% drop in trading activity on Binance at 22:00 UTC on May 15.

Delving into technical indicators, Bitcoin's Relative Strength Index (RSI) on the daily chart stands at 78 as of 00:00 UTC on May 16, 2025, per TradingView data, signaling overbought conditions that could precede a short-term pullback. However, the Moving Average Convergence Divergence (MACD) remains bullish, with a positive histogram above the signal line at the same timestamp, suggesting sustained upward momentum. Volume analysis shows a peak of $25 billion in spot trading on Coinbase between 12:00 and 18:00 UTC on May 15, 2025, correlating with the price surge to $109,000. Cross-market analysis reveals a 0.75 correlation coefficient between Bitcoin and the S&P 500 over the past week, calculated via Bloomberg data as of May 16, 2025, at 06:00 UTC, highlighting how stock market gains are amplifying crypto volatility. Institutional money flow is evident, with $1.2 billion in inflows into Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust (IBIT) reported for the week ending May 15, 2025, according to CoinShares. This institutional interest could further propel BTC/USD if stock market sentiment remains positive.

In terms of stock-crypto market dynamics, the rally in Bitcoin mirrors broader risk appetite in equities, as seen with the Dow Jones Industrial Average gaining 1.5% to 43,500 points by 20:00 UTC on May 14, 2025. This correlation suggests that any downturn in stocks, potentially triggered by upcoming economic data releases, could pressure Bitcoin's price, creating a risk for traders holding long positions. Conversely, sustained equity strength could drive more institutional capital into crypto, especially into Bitcoin and related assets like Ethereum (ETH), which traded at $4,200 with a 2.8% gain at 10:00 UTC on May 15, 2025. Traders should watch for volume spikes in crypto markets following stock market closes, as seen with a 7% increase in BTC/USDT trading volume on Binance at 21:00 UTC on May 14, post-NYSE close. The interplay between these markets remains a critical factor for strategic positioning in 2025.

FAQ Section:
What does the Bloomberg Terminal's $0.1M notation for Bitcoin mean for traders?
The adoption of the $0.1M notation by the Bloomberg Terminal on May 16, 2025, as shared by André Dragosch, signifies Bitcoin's price surpassing $100,000, reflecting its growing acceptance in traditional finance. For traders, this could boost confidence in long positions on BTC/USD, especially as institutional inflows into Bitcoin ETFs hit $1.2 billion for the week ending May 15, 2025, per CoinShares data.

How are stock market movements affecting Bitcoin's price in May 2025?
Stock market gains, such as the S&P 500's 2% rise on May 14, 2025, and Nasdaq's 1.8% increase at the same time, are driving risk-on sentiment, pushing Bitcoin to $108,250 by 14:00 UTC on May 15, 2025, per CoinGecko. This correlation, measured at 0.75 over the past week via Bloomberg data as of May 16, 2025, suggests traders should monitor equity indices for cues on Bitcoin's next move.

André Dragosch, PhD | Bitcoin & Macro

@Andre_Dragosch

European Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.