Btc price forecast may 2025 glassnode’s realized profit/loss ratio

Glassnode’s realized profit/loss ratio supports BTC price forecast May 2025 in the $89K zone, suggesting holding patterns resemble prior bull-market mid-cycle structures. Bitcoin's price has appreciated in recent years thanks to more adoption across large financial institutions as well as government interest. Josh Fraser, the cofounder of Origin Protocol, is similarly bullish with his prediction of $230,000 as people throw their money into hard assets. “We’re currently seeing a flight to hard assets, including bitcoin,” he said. “As countries continue to print fiat currency at unsustainable rates, people will find alternative ways to store value. Gold has been a primary store of value for hundreds of years, and bitcoin now competes as a better version of gold. When bitcoin reaches the same adoption as gold, BTC will be priced at roughly $1.15 million. Over the long term, I anticipate that bitcoin adoption will surpass that of gold.” Miner revenue models hint at BTC price forecast May 2025 pushing $93K if hash rate growth stabilizes, reducing pressure for miners to liquidate holdings on exchanges.