đ 6 Charts That Prove Bitcoinâs $100K Breakout Is Built Different đ„
By Omkar Godbole | Edited by Parikshit Mishra | May 21, 2025
Bitcoin is back above $100,000 â but this time, itâs not a hype cycle.
Hereâs why this rally is built on stronger fundamentals than Januaryâs fakeout. đ
đ 1. Easier Financial Conditions
â DXY down to 99.60 from 109 in Jan đ
â 10Y Treasury yields eased to 4.52%
đ§ Looser financial conditions = more risk-on appetite
đ” 2. Stablecoin Liquidity at ATH
â USDT + USDC = $151B market cap
â Up 9% vs Jan â More dry powder for crypto buying
đ Stablecoin growth = ammo for spot buying
đŠ 3. Institutional Flows > Speculation
â Spot ETF inflows at record $42.7B
â CME Futures OI still below Jan
đ§ Institutions are buying, not just hedging or arbitraging
đ¶ 4. Meme Coin Mania? Absent.
â DOGE & SHIB caps well below Jan levels
â No retail FOMO = No top yet
đ« No euphoric mania = Rally has room to run
âïž 5. Futures Not Overheating
â Perp funding rates calm vs Dec peaks
â No leverage blowout = More organic rally
đ Market is bullish, not overexposed
đ§ 6. Volatility Is Subdued
â Deribit DVOL index remains low
â No wild swings priced in
đ§ Quiet confidence > chaotic greed
đ Conclusion:
This isnât January.
Bitcoinâs breakout is supported by:
â
Eased macro conditions
â
Record ETF inflows
â
Ample stablecoin liquidity
â
Lack of retail-driven hype
đ $120K next? Only if the data keeps looking like this.