#BTC突破99K : A New Milestone in the Cryptocurrency Market

On May 8, 2025, Bitcoin (BTC) broke through $99,000, setting a new historical high, just a step away from $100,000, igniting global investor enthusiasm. According to TradingView data, BTC reached $99,388 during the Asian morning session, with a 31.8% increase over the past month, demonstrating strong rebound momentum. This wave of increase is driven by multiple factors: institutional investors continue to increase their positions, with BlackRock raising its holdings to 614,639 BTC (approximately $58.07 billion); long-term holders have accumulated 254,000 BTC since March, indicating a rebound in market confidence; and the inflow of Bitcoin ETFs in the U.S. has accelerated, with total holdings approaching 1.171 million BTC.

From a technical perspective, after BTC stabilized in the resistance zone of $96,500, momentum continues to strengthen, with the RSI reaching 68.3, indicating it is not yet overheated. Analysts predict that if it can break through $99,000 and turn it into support, the $100,000 mark will be within reach. However, there is a dense position of 17,600 BTC in the range of $99,000 to $99,150, which may face short-term profit-taking pressure. If it cannot break through, $93,000 will become a key support level.

Market sentiment is optimistic, discussions on platform X are lively, and investors are looking forward to BTC challenging the psychological barrier of $100,000. With the surge of stablecoin inflows into Binance, it indicates that buying pressure is ready to enter, and BTC is expected to continue achieving great results, driving a new wave in the cryptocurrency market.