- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Institutional investors show cooling interest.
- Derivatives activity reached a peak with heightened speculation.

Lede:
Bitcoinโs price slipped below $103,000 as of May 9, 2025, during a period of market volatility influenced by policy announcements from US leadership.
Nut Graph:
Bitcoinโs price dip below $103,000 signifies a hesitation among institutional investors, prompting increased speculative activity in derivatives markets, potentially impacting broader cryptocurrency trends.
Driven by institutional investors and options traders, Bitcoinโs price hovered around the $103,000 mark. A significant inflow slowdown in ETFs has coincided with a surge in options open interest, highlighting the heightened volatility in the market.
Institutional investors have seen a decline in ETF inflows, with Thursdayโs $117 million marking the lowest in two weeks. Options trading platforms like Deribit have recorded a record $30.7 billion in open interest, reflective of speculators aiming for higher market prices.
U.S. economic policies under President Donald Trump have shaped these shifts, introducing a baseline 10% tariff, which affects broader risk market dynamics. As Trump noted, โBasically will always have a baseline of 10% tariffsโฆ Exception to 10% baseline tariff possible if something exceptional.โ
Cryptocurrency exchanges such as Binance continue to capture real-time market data during these periods of increased volatility.
History shows that Bitcoin rallies often stall at psychological price points, prompting rotations into altcoins. Past behavior suggests a shift towards alternative coins as traders pursue more significant returns, impacting assets like ETH, SOL, and DOGE.
Market analysts predict continued capital movements, with a focus on altcoins while Bitcoinโs momentum stalls. The emphasis on ETF and options market data highlights ongoing speculative interest and suggests potential wider implications for cryptocurrency volatility.