#BTCBreaks99K Bitcoin surpasses the 99,000 USD mark, recording a historical high, but the upward momentum shows signs of being dependent on leverage, according to CryptoQuant. Open Interest has surged, reaching a peak of 7.2% in 24 hours, indicating increased speculative activity, posing a risk of significant volatility. Glassnode points out that Realized Volatility is decreasing, signaling that the market may soon witness strong fluctuations. The current support is at 95,000 USD, but the resistance at 100,000 USD is an important psychological level. If surpassed, BTC could target 105,000-110,000 USD; conversely, there is a risk of a decline to 90,000 USD if support is broken.
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