Bitcoin Price Hits $104K as New Wallet Addresses Flood the Market

By: crypto news|2025/05/09 23:45:04

Bitcoin price experienced its strongest rally in months in the last 3 days as new wallet registration and investors poured in. The digital assets started bouncing back on May 6 after a quiet start on the month. It went from $94,000 to surged past $103,890 today.At press time, Bitcoin price is at $103,114 on Friday, May 9. The surge came with a record-setting 344,620 new wallets created on May 8, which is the highest single-day total of 2025 so far.BTCUSD Price Chart | Source: CoinGeckoThe spike in wallets began on May 4 as Bitcoin started climbing. New wallets are often a sign that more everyday people are joining the action. On-chain data from Santiment showed Bitcoin network activity increasing across several metrics. New addresses went up by 8.13%, active users by 8.79%, and zero-balance wallets becoming active jumped by 11.35% in the past week.Bitcoin sees 344k fresh wallet addresses | Source: x.com/santimentfeedAs the price moved higher, Bitcoin’s network became busier with both new and returning users. Activity picked up sharply as prices crossed $103,000. This kind of trend means more people are funding wallets and jumping into the market. Many had been inactive before the rally began.In the background, a wave of liquidations hit traders betting against Bitcoin. Coinglass data shows that $343.99 million in derivatives positions were wiped out within 24 hours, $320.96 million of that from shorts. A short squeeze happens when prices rise and force short sellers to exit fast, often by buying Bitcoin themselves, which drives prices up more.Meanwhile, spot Bitcoin ETFs attracted strong inflows. According to Farside Investors, a total of $142.3 million flowed into funds on May 7. ARK 21Shares saw $54 million, Fidelity brought in $39 million, and BlackRock added $37 million. On May 8, IBIT led with $69 million more.BTCETH Flows from May 6th |Source: Farside InvestorAs prices soared, Bitcoin’s market cap rose above Amazon’s, reaching $2.040 trillion, based on data from SoSoValue. It now ranks fifth among global assets, just behind Gold, Microsoft, Apple, and NVIDIA, according to SosoValue.Also Read: Hayes: Bitcoin to Hit $1M by 2028 as U.S.-China Deal Falters

Bitcoin is holding firm above the $70,000 support level following a massive short squeeze that liquidated $427 million. As the "Four-Year Cycle" narrative shifts, the market is split: Michael Saylor’s cold, institutional "indiscriminate stacking" vs. Carl Moon’s high-energy retail "hopium." This article decodes these two polar-opposite strategies for the 2026 bull run and reveals how WEEX’s institutional-grade liquidity and AI trading tools empower every type of investor to convert market volatility into profit.

The Girl Who Created the SBTI Test: A Story of a Doomed Cyber Love, an E-Widow Ratfolk

The usefulness of the useless is the highest usefulness.

B.AI Officially Launched: Building AI Agent Financial Bedrock Platform, Driving AGI Era Business Underlying Logic

B.AI has built a complete ecosystem from the AI Service Gateway to the AI Agent Financial Base: The LLM permissionless gateway integrates top global models and a unified API in one stop; The AI Agent infrastructure, through protocols such as x402 and 8004, empowers the AI Agent with an independent wallet and autonomous transactions.

B.AI Officially Launched: Breaking Down A2A Collaboration Barriers to Unlock the Smart Body Economy's Full Potential

With its Multi-Model Intelligent Routing breaking the compute bottleneck on one hand, and the integration of x402, 8004, Skills, and BAIClaw on the other hand, B.AI has seamlessly connected the full-stack business loop of AI Agents from large-scale intelligent scheduling to financial operational capability, accelerating the arrival of the AGI era.

Bitcoin Hits $73,000 Triggering $427M Short Liquidation | Carl Moon: $200,000 is the Target

April 9, 2026 (UTC+0), 22:17. Bitcoin (BTC) executed a high-velocity surge within minutes, heavy-hitting the $73,000 psychological barrier and touching a local high near $74,000. While the price has since retraced to consolidate above $72,000, this "instant ambush" successfully completed a $427M liquidation of short positions.

a16z partner: perpetual contracts are rewriting the global trading rules

Perpetual contracts are shedding the label of tools in the crypto space and transforming into a foundational force reshaping the global trading structure. Thanks to breakthroughs in decentralized platforms and the introduction of RWA, perpetual contracts, with their round-the-clock operation, high c...

Bitcoin ETF Inflows Just Turned Positive After 5 Months of Outflows: What Does That Mean for BTC Price Now?

The Hidden Risks Behind Bitcoin ETF Inflows in 2026: What Traders Should Know. The question now isn't whether inflows are happening. It's what they're telling you about the next phase and whether your portfolio is positioned for it.

Decoding 2026's Bitcoin ETF Data: How to Trade Alongside Institutional Smart Money in 2026

After months of sustained outflows, rolling 30-day net ETF inflows just crossed 30,000 BTC. That's not noise. Historically, when institutional capital rotates back in at this scale, it marks a regime shift — not just a bounce.