Bitcoin price holds firm above $103,000 as GD Culture commits $300M to crypto reserves, supporting bullish momentum toward $105,700 breakout.
Bitcoin price holds above $103,000 as GD Culture commits $300 million to BTC reserve
Bitcoin traded steadily above $103,000 on Thursday as GD Culture Group announced a $300 million capital injection for its crypto treasury strategy.
The funding, secured through a Common Stock Purchase Agreement, will be deployed by its subsidiary AI Catalysis to acquire digital assets including Bitcoin and Trump Coin.
Bitcoin price action, May 15, 2025 | Source: Coingecko
The company stated this move is designed to reinforce its balance sheet and expand its exposure to decentralized financial systems.
By actively building a crypto reserve, the group aims to enhance long-term shareholder value and adopt crypto-native treasury practices.
The announcement coincided with stable Bitcoin price action, as BTC hovered just above $103,000, eyeing the $105,000 psychological level amid broader market consolidation.
$40B options open interest reaffirms bullish resilience
Bitcoin derivatives data on Thursday signaled continued bullish conviction among market participants, despite a drop in trading volume.
According to Coinglass, Options open interest rose 1.21% to $40.04 billion, its highest in over a week, while total open interest across BTC derivatives held firm at $65.84 billion, down only 1.93%.
This increase in options positioning, even as total volume declined by over 16% to $80.19 billion, reflects strategic accumulation amid low-volatility consolidation.
Bitcoin Derivatives Market Data, May 15, 2025 | Source: Coinglass
Options trading volume itself fell sharply by 33% to $2.83 billion, yet the persistence of high open interest indicates traders are holding positions rather than unwinding them. Long/short ratios across major exchanges such as Binance and OKX remained near parity, with Binance accounts showing a 0.7449 ratio and top trader positions favoring longs at 1.5977.
Rekt data further revealed $27.42 million in liquidations over 24 hours, with long traders taking the brunt at $18.37 million. The data suggests positioning is skewed bullish but not overly leveraged, reinforcing Bitcoin’s ability to absorb volatility and maintain bullish consolidation above $103,000.
Bitcoin price forecast today: Bulls eye $105,700 breakout as momentum consolidates above $103,000
Bitcoin price held firm above $103,000 on Thursday, signaling continued strength despite short-term consolidation below the $105,706 resistance.
The Relative Strength Index (RSI) at 67.42 and 69.14 reflects ongoing bullish momentum, though it has modestly declined from its May 9 peak, suggesting a temporary cool-off in buying pressure rather than a reversal. The price remains comfortably above the Parabolic SAR level at $98,673, indicating that the bullish trend remains intact.
Bitcoin price forecast today
Volume has moderated during this consolidation phase, pointing to a healthy pause rather than a breakdown.
Support from the Donchian Channel midpoint at $99,276 provides a firm floor for price action, with the lower band at $92,846 acting as a secondary safeguard.
Bitcoin price forecast today is skewed to the upside so long as price action holds above $99,000 and maintains distance from its lower volatility bands.
A daily BTC price close above $105,700 would confirm breakout continuation toward new monthly highs, while failure to hold $99,000 could expose downside risk to the SAR level. Current indicators suggest bullish resilience, backed by declining sell volume and a structure that continues to respect ascending trend signals.
The post Bitcoin Price Holds Above $103K as GD Culture Commits $300M to Crypto Reserves, $105.7K Breakout Next? appeared first on CoinGape.
