#BTCBreaks99K *BTC Breaks $99K – What’s Next?**

*May 9, 2025 Update*

Bitcoin's breakthrough past $99K today marks a historic moment, just weeks after its 2024 halving. The rally is now driven by three key factors: (1) unprecedented institutional accumulation through spot Bitcoin ETFs, (2) growing recognition as an inflation hedge amid global monetary easing, and (3) the activation of Bitcoin's "hard cap" scarcity mechanism post-halving. While technicals show extreme bullish momentum, the $100K barrier represents both psychological and derivatives resistance - with $2.8B in BTC options expiring at this strike price. Short-term, we may see volatility as leveraged positions rebalance, but the structural demand shock from ETFs (currently absorbing 10x daily mined supply) suggests this rally has fundamental support. The true test comes at $105K, the next major liquidation zone.