#BTC突破99K

On May 8, 2025, the price of Bitcoin (BTC) broke through $99,000, reaching a high of $99,500, just a step away from the historic high of $100,000. This increase was mainly driven by continuous inflows of institutional funds, expectations of Federal Reserve policy, and demand for geopolitical safe-haven assets:

- Institutional Accumulation: Bitcoin spot ETF had a net inflow of $142 million in a single day, with total net assets reaching $112.7 billion, accounting for 5.86% of Bitcoin's market value.

- Macroeconomic Factors: The Federal Reserve maintained interest rates, and the market still anticipates interest rate cuts, combined with the escalation of the India-Pakistan conflict, leading some funds to flow into Bitcoin as a safe haven.

- Technical Analysis: There is a key resistance level around $99,900; if broken, it may trigger FOMO (Fear of Missing Out) sentiment, pushing the price to challenge $100,000 or even $120,000; conversely, if there is a pullback, the support level is in the $92,800-$90,000 range.

Market sentiment is optimistic, but caution is needed regarding high volatility and regulatory risks.