It's uncertain whether Bitcoin's market cap will soon surpass its all-time high. As of April 22, 2025, Bitcoin's market cap is around $1.73T, below its peak of $2.16T in January 2025. Recent price trends show volatility, with Bitcoin at approximately $88,199, up 4.27% in 24 hours. Factors like institutional adoption, ETF inflows, and macroeconomic policies could drive growth, but regulatory shifts or market corrections pose risks. CryptoQuant suggests long-term holder conviction and capital inflows remain strong, hinting at potential for further gains. However, Bitcoin's price is 19.05% below its high of $109,588, and market sentiment is mixed. A new high is possible but not guaranteed.