Will Crypto Go Back Up? The BTC Rally May Continue Beyond 2025

The crypto assets market has seen intensified fluctuations recently, but several indicators suggest that the current adjustment is not the beginning of a bear market, but rather a mid-stage of a long-term bull market. Institutional funds continue to flow in, technical analysis has broken through key resistance, the macro environment is improving, and the regulatory framework is gradually becoming clearer, all of which pave the way for a rebound in crypto assets.

The Bull Market Enters the Mid-Stage, Rebound Momentum Solid

According to Grayscale’s latest research report, the current Crypto Assets market is in the middle stage of a new bull market. Historical data shows that Bitcoin’s past price cycles typically last about three years, while this round of rise has only been ongoing for two and a half years since the low in November 2022, indicating that there is still room for continuation in terms of time and amplitude. The on-chain indicator MVRV ratio (Market Value/Realized Value) is currently at 2.6, far below the historical peak level of 4, indicating that the market is not yet overheated. Meanwhile, Bitcoin’s dominance has begun to decline, with funds rotating towards altcoins, which is in line with the typical characteristics of the mid-stage of a bull market.

Four Core Drivers Boost the Market Rebound

Institutional funds are entering on a large scale

In May 2025, the assets under management (AUM) of Crypto Assets funds surged to a historic high of $167 billion, with a net inflow of $7.05 billion in a single month, setting the highest record since the end of 2023. Bitcoin ETFs have become a major channel, with over $400 million inflow on June 11, significantly boosting market confidence. These funds exhibit strong stability, effectively reducing market volatility and providing support for prices.

Technical Breakthrough of Key Resistance

Bitcoin has recently broken through $110,000 again, standing firmly above the 10-day, 21-day, and 50-day Exponential Moving Averages (EMA), forming a typical bullish arrangement. Analysts point out that “high trading volume confirmation and liquidation-driven volatility” indicate that the current rebound structure is healthy, with $100,000 now transformed into a solid support level. Ethereum has also strengthened in sync, with a single-day rise of up to 7.6%, boosting market risk appetite.

Macroeconomic Environment and Regulatory Benefits

The easing of trade tensions between the US and China, along with cooling inflation, significantly enhances the attractiveness of risk assets. On the policy front, the US is expected to introduce stablecoin regulations by the summer of 2025, injecting certainty into long-term development. The Trump administration has revoked the accounting announcement SAB121, which hindered institutional custody of crypto assets, further removing barriers for traditional funds to enter the market.

Innovative Applications Drive Ecosystem Expansion

Asset tokenization has become a new growth engine, with VanEck predicting its valuation will exceed $50 billion by 2025. The integration of decentralized AI and blockchain is accelerating, attracting new capital flows into protocols like Bittensor that build the “AI Internet.” The daily issuance of Meme coins on the Solana chain reaches 60,000 coins, which, despite being speculative, drives a surge in revenue from underlying network fees.

Authoritative Price Forecast: Long-term Outlook is Optimistic

Multiple institutions have raised their target prices for Crypto Assets:

• Bitcoin: VanEck predicts the cycle high will reach $180,000 by the end of 2025, while Bitwise sees it at $200,000; conservative estimates place the support level at $40,000 - $50,000.
• Ethereum: Year-end target $6,000 - $7,000, Solana looking at $500 - $750.
• Long-term outlook: By 2050, some tokens have the potential for an 80,000% rise.

Risk Warning and Investment Advice

Although the mid-term trend is positive, investors should remain vigilant about short-term fluctuations:

• Leverage liquidation risk: The open interest of altcoin perpetual contracts has reached 54 billion USD, and severe price fluctuations can easily trigger a chain liquidation.
• The correlation with US stocks has strengthened: The 6-month rolling correlation between Bitcoin and the Nasdaq has risen to 0.5, requiring attention to the performance of tech stocks.

Overall, the Crypto Assets market has a solid Rebound foundation due to improved fundamentals, continuous capital inflows, and ecological innovation. Investors are advised to adopt a dollar-cost averaging strategy to allocate core assets, focusing on new tracks such as the integration of AI and blockchain, RWA, etc., while strictly controlling leverage to cope with short-term fluctuations. The bull market has not ended but is evolving towards a more sustainable direction.