๐ BTC Back To 100K $100K: Bitcoin Smashes Historic Milestone! ๐
Bitcoin has done it again! On May 8, 2025, $BTC surged back to $100,000 for the first time since early February, hitting $101,111 as of 8:45 PM UTC, with a 0.23% rise in 24 hours on Binance! ๐ The crypto king is flexing its dominance, with a $2.02T market cap and $37.58B in trading volume. ๐
๐ฅ Why the Surge?
- Institutional FOMO : BlackRockโs IBIT ETF now holds $53B in BTC, and MicroStrategy boosted its stash by 2,138 BTC ($209M) in April, owning 446,400 BTC! ๐ณ
- Whale Moves : A whale scooped 600 BTC ($58.85M) after a dip from $100K, signaling dip-buying strength. ๐
- Market Sentiment : X posts show traders buzzing about passive buyers pushing BTC higher, though Binance Spot CVD hints at seller pressure at $95K. Are we breaking out? ๐ง
โ ๏ธ Trade Watch : Negative funding rates on Binance Futures suggest a potential breakout, but volatility looms. Keep an eye on the $98,400 resistance and $96,000 support. Analysts like Markus Thielen predict BTC could hit $97Kโ$98K by late May, with pullbacks possible before CPI data on May 14.
๐ก Pro Tip : Dollar-cost average to avoid FOMO traps, and secure your BTC in cold storage. Share your #BTCbreaks$100K trade story on Binance Squareโs Terminal! ๐ธ
#BTCbackto100K #bitcoin #BinanceSquareTalks $BTC
๐ Trade smart, DYOR, and join the crypto revolution!