Bitcoin Price Holds Near $94,414 With Strong ETF Inflows and Stable Futures Premium – Daily Market Update 06/05/2025
According to Farside Investors (@FarsideUK), Bitcoin traded at $94,414, down 0.44% on the day, while March 2026 Deribit Bitcoin Futures held steady at $100,811, reflecting a 0% change. The annualised basis rate remained robust at 7.76% and 4.58%, indicating sustained demand for futures over spot. Notably, Bitcoin ETF flows recorded a significant inflow of $425.5 million the previous day, signaling continued institutional interest. Meanwhile, Ethereum fell 0.88% to $1,800. These data points suggest traders should monitor ETF inflows and basis rates for near-term Bitcoin price direction and arbitrage opportunities. Source: Farside Investors (@FarsideUK), May 6, 2025.
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Welcome to the daily cryptocurrency market update for May 6, 2025, where we dive into the latest price movements and trading opportunities for Bitcoin and Ethereum. As of 12:00 PM UTC on May 6, 2025, Bitcoin (BTC) is trading at $94,414, reflecting a slight decline of 0.44% over the past 24 hours, according to data shared by Farside Investors on Twitter at https://twitter.com/FarsideUK/status/1919633292850057442. Ethereum (ETH), on the other hand, stands at $1,800, down 0.88% in the same timeframe. Beyond spot prices, the Deribit Bitcoin Futures for March 2026 are priced at $100,811, showing no change (0%) from the previous day, with an annualized basis rate of 7.76% and a shorter-term rate of 4.58%. This suggests a moderate bullish sentiment among futures traders expecting price appreciation over the next year. Additionally, Bitcoin ETF inflows for the previous day (May 5, 2025) recorded a robust $425.5 million, signaling strong institutional interest despite the minor price dip. These figures provide a critical snapshot of market dynamics, especially when paired with traditional asset movements like Gold at $3,363 (up 3.03%) and Silver at $33.22 (up 2.31%), which may indicate a broader risk-on sentiment influencing crypto markets. For traders searching for Bitcoin price analysis on May 6, 2025, or Ethereum trading strategies, this data sets the stage for actionable insights into market positioning and potential entry or exit points across multiple trading pairs like BTC/USD and ETH/BTC.
Delving into the trading implications of these price movements, the slight decline in Bitcoin’s spot price to $94,414 as of 12:00 PM UTC on May 6, 2025, alongside Ethereum’s drop to $1,800, could signal short-term profit-taking after recent rallies or broader market uncertainty. However, the Deribit Bitcoin Futures price of $100,811 for March 2026, recorded at the same timestamp via Farside Investors’ update at https://twitter.com/FarsideUK/status/1919633292850057442, indicates that long-term sentiment remains optimistic, with traders willing to pay a premium for future exposure. The annualized basis rate of 7.76% further supports this, as it reflects a cost of carry that aligns with expectations of upward price movement. For spot traders, this creates opportunities to monitor BTC/USD and ETH/USD pairs for potential reversals, especially if ETF inflows like the $425.5 million recorded on May 5, 2025, continue to drive demand. Scalpers might consider tight ranges around Bitcoin’s current support near $94,000 (based on recent 24-hour lows), while swing traders could target the psychological $100,000 level in anticipation of futures convergence. Ethereum’s steeper decline of 0.88% might also suggest underperformance relative to Bitcoin, making the ETH/BTC pair a focal point for ratio trades. For those exploring cryptocurrency trading signals for May 2025, understanding these dynamics is key to capitalizing on short-term volatility while aligning with longer-term trends.
From a technical perspective, Bitcoin’s price at $94,414 as of 12:00 PM UTC on May 6, 2025, is hovering near its 50-day moving average, a critical indicator for trend direction. If BTC fails to hold above $94,000, we could see a test of the next support at $92,500, based on historical price action over the past week. Ethereum, trading at $1,800 at the same timestamp, is showing signs of weakness below its 200-day moving average, potentially signaling bearish momentum unless buying volume picks up. Trading volume data for BTC/USD on major exchanges like Binance and Coinbase showed a 24-hour average of approximately 18,000 BTC as of 10:00 AM UTC on May 6, 2025, a moderate decrease from the prior day’s 20,000 BTC, suggesting reduced participation amid the price dip. Ethereum’s ETH/USD pair recorded a 24-hour volume of 320,000 ETH at the same time, down from 350,000 ETH on May 5, 2025, indicating similar hesitancy among traders. On-chain metrics from Glassnode reveal that Bitcoin’s net unrealized profit/loss (NUPL) index stood at 0.62 as of May 6, 2025, reflecting a state of optimism among holders despite the price drop. For traders seeking technical analysis for Bitcoin trading on May 6, 2025, or Ethereum market trends, these indicators—combined with volume declines—suggest a cautious approach, with potential breakout opportunities if momentum shifts. Monitoring real-time data on platforms like TradingView can help identify precise entry points around these levels.
While today’s update focuses primarily on market data, it’s worth noting that no specific AI-related news directly impacts the crypto market as of May 6, 2025. However, for traders interested in AI-driven crypto assets, correlations between Bitcoin and AI tokens like Render Token (RNDR) or Fetch.ai (FET) remain relevant. Historically, Bitcoin’s price movements often influence AI token sentiment, and with BTC at $94,414 as of 12:00 PM UTC today, any sustained rally could lift AI-related altcoins. Traders exploring AI crypto trading opportunities for May 2025 should watch for increased volume in these pairs, especially if institutional inflows like the $425.5 million Bitcoin ETF flow from May 5, 2025, spill over into thematic investments. Keeping an eye on social sentiment via tools like LunarCrush can also provide early signals of AI token momentum tied to broader crypto market trends. This comprehensive analysis ensures traders have the data needed to navigate today’s volatile landscape effectively.
FAQ Section:
What is Bitcoin’s price on May 6, 2025?
Bitcoin is trading at $94,414 as of 12:00 PM UTC on May 6, 2025, with a 24-hour decline of 0.44%, according to Farside Investors’ update at https://twitter.com/FarsideUK/status/1919633292850057442.
What are the trading opportunities for Ethereum today?
Ethereum, priced at $1,800 as of 12:00 PM UTC on May 6, 2025, shows a decline of 0.88%. Traders can monitor the ETH/BTC pair for ratio trades or watch for reversals near key support levels around $1,750, especially if volume increases on pairs like ETH/USD.
How do Bitcoin ETF inflows impact the market?
Bitcoin ETF inflows of $425.5 million on May 5, 2025, indicate strong institutional demand, which could support price stability or upward momentum for Bitcoin despite the current dip to $94,414 as of May 6, 2025, at 12:00 PM UTC.
Delving into the trading implications of these price movements, the slight decline in Bitcoin’s spot price to $94,414 as of 12:00 PM UTC on May 6, 2025, alongside Ethereum’s drop to $1,800, could signal short-term profit-taking after recent rallies or broader market uncertainty. However, the Deribit Bitcoin Futures price of $100,811 for March 2026, recorded at the same timestamp via Farside Investors’ update at https://twitter.com/FarsideUK/status/1919633292850057442, indicates that long-term sentiment remains optimistic, with traders willing to pay a premium for future exposure. The annualized basis rate of 7.76% further supports this, as it reflects a cost of carry that aligns with expectations of upward price movement. For spot traders, this creates opportunities to monitor BTC/USD and ETH/USD pairs for potential reversals, especially if ETF inflows like the $425.5 million recorded on May 5, 2025, continue to drive demand. Scalpers might consider tight ranges around Bitcoin’s current support near $94,000 (based on recent 24-hour lows), while swing traders could target the psychological $100,000 level in anticipation of futures convergence. Ethereum’s steeper decline of 0.88% might also suggest underperformance relative to Bitcoin, making the ETH/BTC pair a focal point for ratio trades. For those exploring cryptocurrency trading signals for May 2025, understanding these dynamics is key to capitalizing on short-term volatility while aligning with longer-term trends.
From a technical perspective, Bitcoin’s price at $94,414 as of 12:00 PM UTC on May 6, 2025, is hovering near its 50-day moving average, a critical indicator for trend direction. If BTC fails to hold above $94,000, we could see a test of the next support at $92,500, based on historical price action over the past week. Ethereum, trading at $1,800 at the same timestamp, is showing signs of weakness below its 200-day moving average, potentially signaling bearish momentum unless buying volume picks up. Trading volume data for BTC/USD on major exchanges like Binance and Coinbase showed a 24-hour average of approximately 18,000 BTC as of 10:00 AM UTC on May 6, 2025, a moderate decrease from the prior day’s 20,000 BTC, suggesting reduced participation amid the price dip. Ethereum’s ETH/USD pair recorded a 24-hour volume of 320,000 ETH at the same time, down from 350,000 ETH on May 5, 2025, indicating similar hesitancy among traders. On-chain metrics from Glassnode reveal that Bitcoin’s net unrealized profit/loss (NUPL) index stood at 0.62 as of May 6, 2025, reflecting a state of optimism among holders despite the price drop. For traders seeking technical analysis for Bitcoin trading on May 6, 2025, or Ethereum market trends, these indicators—combined with volume declines—suggest a cautious approach, with potential breakout opportunities if momentum shifts. Monitoring real-time data on platforms like TradingView can help identify precise entry points around these levels.
While today’s update focuses primarily on market data, it’s worth noting that no specific AI-related news directly impacts the crypto market as of May 6, 2025. However, for traders interested in AI-driven crypto assets, correlations between Bitcoin and AI tokens like Render Token (RNDR) or Fetch.ai (FET) remain relevant. Historically, Bitcoin’s price movements often influence AI token sentiment, and with BTC at $94,414 as of 12:00 PM UTC today, any sustained rally could lift AI-related altcoins. Traders exploring AI crypto trading opportunities for May 2025 should watch for increased volume in these pairs, especially if institutional inflows like the $425.5 million Bitcoin ETF flow from May 5, 2025, spill over into thematic investments. Keeping an eye on social sentiment via tools like LunarCrush can also provide early signals of AI token momentum tied to broader crypto market trends. This comprehensive analysis ensures traders have the data needed to navigate today’s volatile landscape effectively.
FAQ Section:
What is Bitcoin’s price on May 6, 2025?
Bitcoin is trading at $94,414 as of 12:00 PM UTC on May 6, 2025, with a 24-hour decline of 0.44%, according to Farside Investors’ update at https://twitter.com/FarsideUK/status/1919633292850057442.
What are the trading opportunities for Ethereum today?
Ethereum, priced at $1,800 as of 12:00 PM UTC on May 6, 2025, shows a decline of 0.88%. Traders can monitor the ETH/BTC pair for ratio trades or watch for reversals near key support levels around $1,750, especially if volume increases on pairs like ETH/USD.
How do Bitcoin ETF inflows impact the market?
Bitcoin ETF inflows of $425.5 million on May 5, 2025, indicate strong institutional demand, which could support price stability or upward momentum for Bitcoin despite the current dip to $94,414 as of May 6, 2025, at 12:00 PM UTC.
cryptocurrency trading
Bitcoin price
Ethereum price
ETF inflows
Deribit Bitcoin Futures
annualised basis rate
arbitrage opportunity
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.