$BTC Bitcoin price reached a new all-time high of $111,903 on May 21 on the Coinbase exchange.

The rally attracted over $600 million in spot Bitcoin ETF inflows in the United States.

Implied volatility remains at a 10-month low despite the new price highs.

Open interest and the annualized basis on CME show limited institutional involvement.

Daily active addresses and new wallet growth are declining while the price rises.

Bitcoin price bill surged on May 21, hitting a new all-time high of $111,903 on Coinbase. This price movement triggered $607.1 million in spot ETF inflows, showing strong buying interest. However, multiple indicators now signal that the Bitcoin price could fall to $100,000 in the short term.