BTC Price Eyes $155K Trigger — 5 Things to Know About Bitcoin This Week
BTC Price Eyes $155K Trigger — 5 Things to Know About Bitcoin This Week
Bitcoin is back in the spotlight, surging past $110,000 after a weekend rebound — but can bulls push through brewing macro risks and inflation data to target the next big milestone at $155,000?
Currently, Bitcoin (BTC) trades around $109,788, having bounced from weekend lows near $107,000, as traders brace for an eventful week packed with U.S. inflation updates, bond market concerns, and the Federal Reserve’s next moves.
Let’s break down the five key things Bitcoin traders are watching this week.
BTC/USD 1-week chart. Source: TradingView
Bitcoin Rebounds, Targets Fresh All-Time Highs
Over the weekend, BTC/USD staged a last-minute recovery, climbing back above $110,000 just before the May 25 weekly candle closed. Still, The weekly close at $109,100 fell slightly short of January’s highs.
Popular trader Daan Crypto Trades commented that while the bounce was encouraging, Bitcoin still needs stronger momentum to break decisively into price discovery:
“Not a great-looking weekly candle for an all-time high break. Generally, you want to see strong continuation — especially with ~$2B+ in ETF inflows since breaching that previous high,”
Meanwhile, other analysts like BitBull are optimistic:
“Clean breakout from consolidation, retest underway. If this structure holds, the next target zone is $155K — momentum only needs a trigger.”
U.S. Bond Yields and PCE Inflation Data Loom Large
This week’s macroeconomic focus: the Personal Consumption Expenditures (PCE) Index for April, due May 29, plus initial jobless claims and the first revision of Q1 GDP.
BTC/USDT perpetual swaps 1-day chart. Source: BitBull/X
These figures come amid rising U.S. bond yields — a development worsened last week by former President Donald Trump’s proposed 50% tariffs on EU goods, pushing the 10-year Treasury yield back above 4.55%.
“The Fed refuses to cut rates and trade deals are driving yields higher,”
summarized The Kobeissi Letter on X.
For now, CME’s FedWatch Tool shows low expectations of a rate cut before the Fed’s September meeting, adding pressure on risk assets like Bitcoin.
Exchanges Flash Bearish Momentum Signals
On-chain analytics from CryptoQuant highlight a worrying sign: the taker buy/sell ratio on exchanges has dropped below 1 for the first time since early April, signaling sellers beginning to dominate.
“Both taker buy and taker short volumes have dropped significantly, indicating cooling market order aggressiveness,”
explained contributor Crazzyblockk in a CryptoQuant Quicktake.
This cooling momentum, paired with spiking 7-day price volatility, suggests Bitcoin could face a short-term correction — with key support eyed near $105,000.
Whale Trader James Wynn Dominates Headlines
In the whale trading world, few are making waves like Hyperliquid’s James Wynn. Known for his massive leveraged plays, Wynn recently exited a $125 billion long at a loss due to U.S. tariff headlines, only to flip short — and then re-enter with a 40X long just as BTC/USD reversed higher.
Fed target rate probabilities (screenshot). Source: CME Group
“To all the fans and haters: We had a good run gambling on perps,”
Wynn posted on X, after pocketing a $25 million profit.
Lookonchain also reported Wynn taking new long positions in memecoins like Pepe (PEPE), which continues to attract speculative attention.
Calm Funding Rates Hint at Short-Squeeze Potential
Despite Bitcoin’s breakout, funding rates across derivatives platforms remain relatively neutral — a sign that overleveraged longs aren’t yet flooding in.
According to CryptoQuant, the cross-exchange BTC funding rate stood at 0.006 on May 25, resembling the calm environment seen before Bitcoin’s previous all-time highs in late 2024.
“This is one of the healthiest Bitcoin breakouts in a long time — looks ripe to move a lot higher,”
said trader Jelle.
Crypto commentator Quinten Francois called it a
“perfect setup to rip higher”,
while Crypto Eagles highlighted that the combo of low funding and rising open interest (OI) increases the odds of a short squeeze.
Exchange taker buy/sell ratio signal (screenshot). Source: CryptoQuant
Outlook: Can Bitcoin Trigger $155K?
With a mix of technical breakouts, strong ETF flows, whale activity, and an intriguing macro backdrop, Bitcoin bulls have the stage set — but they need a solid momentum trigger.
As the week unfolds, all eyes are on inflation data, bond market moves, and whether BTC can hold the $110K zone to aim for the $155,000 target.
Stay tuned for live updates and whale-trade tracking on
Disclaimer: The content on this website is for informational purposes only and does not constitute financial or investment advice. We do not endorse any project or product. Readers should conduct their own research and assume full responsibility for their decisions. We are not liable for any loss or damage arising from reliance on the information provided. Crypto investments carry risks.