Bitcoin Smashes Through $99K: Binance Traders Gear Up for Historic $100K Breakout
May 2025 — Bitcoin (BTC) has shattered the $99,000 resistance level, propelling the crypto world into a frenzy as the long-anticipated six-figure milestone comes into view. With Binance—still the largest crypto exchange globally—at the epicenter, traders are preparing for what could be Bitcoin’s most historic rally yet.
Binance Sees Record Volume Amid Bullish Frenzy
As BTC surged past $99K, Binance logged its highest-ever 24-hour BTC/USDT trading volume. Futures open interest has also reached unprecedented levels. The long/short ratio on Binance has held firm above 1.8, signaling overwhelming bullish sentiment.
Funding rates, which briefly dipped during recent consolidation, have flipped positive again—an indication of renewed trader confidence. Whale activity has also intensified, with significant buy walls forming just under $99K, a strong vote of confidence that this move is more than just a flash rally.
Technical Indicators Clear Path to $100K and Beyond
Binance Research outlines key technical signals:
Support Zone: $96,500 – $97,800
Resistance: Virtually clear until $100K and then $107K
Volume Profile: Most traded range is now $93K–$98K, reflecting strong buyer accumulation
With $99K breached, there’s little technical resistance left before Bitcoin enters uncharted six-figure territory—both psychologically and symbolically significant.
On-Chain Metrics and Macro Trends Point Bullish
Outside of Binance, broader on-chain and macroeconomic indicators align with the bullish case:
Exchange BTC Reserves: At multi-month lows, as coins flow into cold storage
ETF Inflows: U.S. spot BTC ETFs are absorbing billions, reducing circulating supply
Macro Tailwinds: Loosening U.S. monetary policy and global instability are pushing institutional players toward Bitcoin as a digital store of value.
