Why Bitcoin’s Record Monthly Close Failed to Ignite Market Euphoria | Markets Daily
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 2 June 2025
⏱️ 13 minutes
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Summary
The latest price moves and insights with Gemini Head of Markets Patrick Liou.
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Gemini Head of Markets Patrick Liou joins CoinDesk to explain why bitcoin's sentiment is not euphoric despite the asset registering its highest monthly close ever at around $104,000 in May. Plus, the catalyst that would lead the largest crypto by market cap to the next breakout and insights into the increasing corporate adoption of BTC.
This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
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Transcript
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| 0:00.0 | Just a week ago, Bitcoin registered its highest weekly clothes ever at 110,000. |
| 0:05.7 | But, you know, the market sentiment doesn't really feel all that euphoric. |
| 0:09.9 | I think part of it is Bitcoin has failed to materially break out since about six months ago. |
| 0:27.8 | Bitcoin finished the month of May at its highest monthly close around $104,000. |
| 0:31.7 | But despite this, market euphoria has been subdued. |
| 0:33.2 | Are markets just maturing? |
| 0:35.3 | Are they reacting to trade wars? |
| 0:37.6 | Or is it something else altogether? |
| 0:41.5 | Joining us now for his thoughts is Gemini head of markets, Patrick Liu. |
| 0:43.4 | Patrick, welcome to Markets Daily. |
| 0:45.3 | Thanks for having me, Jen. |
| 0:46.4 | Of course. |
| 0:49.1 | Now, let's just talk about what's happening in the markets this morning. |
| 0:57.6 | You know, just recently we were riding a new all-time highs, but now sentiment is not feeling like it once did. |
| 0:59.0 | What are you watching? |
| 1:00.3 | How are you making sense of what's going on in the markets? |
| 1:03.0 | It's interesting. |
| 1:04.0 | You mentioned the thing about sentiment, right? |
| 1:05.8 | Like, Bitcoin just recorded its highest monthly clothes ever last night or two nights ago about 104,000. |
| 1:13.6 | And just a week ago, Bitcoin registered its highest weekly close ever at 110,000. |
| 1:19.8 | But, you know, the market sentiment doesn't really feel all that euphoric. |
| 1:24.0 | I think part of it is Bitcoin has failed to materially break out since about six months ago, |
... |
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