#BTCBackto100K

Milestone Reclaimed: It surged back above $100,000, trading around $101,400 at midday on May 8 for the first time since early February.

• Volume & Flows: 24-h volume topped $28 billion, driven by a mix of institutional buys (notably BlackRock’s $4.44 billion BTC purchase at $95K) and renewed retail FOMO

• Key Drivers: A wide-ranging U.S.–UK trade deal eased global tariff fears, restoring risk appetite across crypto and equity markets.

• Technical Outlook:

– Support: $96,500 (200-day MA)

– Resistance: $109,000 (Jan. all-time high).

– A sustained close above $100K opens the door to retesting the $109K peak.

• Watchpoints: Elevated futures open interest (+7% OI) and funding rates warn of leveraged positioning risks—volatile pullbacks can follow sharp breakouts.

DYOR & size positions to your risk tolerance—this rebound is powerful, but momentum swings can be swift!