Bitcoin achieves a historic milestone by staying above a crucial price threshold for 30 consecutive days.
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The first-born crypto achieved a significant milestone by maintaining a price above $100,000 for a month, marking the first time in the asset’s history.
For context, Bitcoin first reached the $100,000 milestone on December 5, 2025. This surge in value was partly fueled by the announcement that U.S. President Donald Trump had nominated a prominent crypto advocate to head the SEC. Interestingly, Trump praised Bitcoin enthusiasts after the milestone.
Following the initial spike above $103,000, Bitcoin saw a decline, dipping to around $94,000 before surging again to a new all-time high of over $108,000. However, the rally was followed by a sharp pullback, with Bitcoin falling as low as $74,000. Despite this volatility, the crypto gradually regained momentum and successfully reclaimed the $100,000 mark on May 8.
Since then, Bitcoin has maintained a value above $100K for 33 days now and counting. Specifically, following a record-high of $112,000 on May 22, Bitcoin saw a slight pullback to $100,428 by June 6, but found support at this level.
Interestingly, weekend buying pressure pushed the price back up to $105,000, and by June 9, it surged again to $110,000, fueled by optimism around US-China trade talks.
Bitcoin Keeps on Setting Records
Bitcoin price has fluctuated significantly over the past month, setting even further records.
Notably, on May 18, Bitcoin achieved a new local peak above $106,000 and recorded its strongest weekly close at $106,446, surpassing its previous record of $106,146 set in January. Moreover, Bitcoin also closed at an unprecedented $106,909 on May 20, marking its highest daily close ever.
Bitcoin Price Predictions
As the asset holds above $100K, analysts remain optimistic about its potential, suggesting it could leverage the $100K as a launchpad for greater heights. Specifically, Bitwise analysts believe Bitcoin could hit $200,000 by the end of the year, citing its fair value at $230,000.
Similarly, Bernstein, an $800 billion AUM firm, maintains its $200,000 price target for Bitcoin, calling it “high-conviction but conservative.”
In contrast, Peter Brandt, a well-known figure in the trading community, warns of a potential 75% price drop, drawing comparisons to Bitcoin’s 2022 chart setup.
Derivatives Market Trends
Meanwhile, Bitcoin’s derivatives market has been witnessing reduced activity. Trading volume for Bitcoin derivatives has decreased by 30.83%, settling at $79.26 billion. Open interest has also dropped by 2.81%, indicating fewer open contracts.
While options volume saw a decline of 36.55%, the open interest in options increased by 1.99%, reaching $45.73 billion. This suggests a shift in market participation, with traders holding fewer short-term positions and opting for longer-term contracts.
Liquidation Data Reveals Market Sentiment Shifts
The liquidation data for Bitcoin reveals notable market trends. In the past hour, $406.86 million in positions were liquidated, with the majority being long positions, totaling $403.46 million.
Over the last four hours, long liquidations dominated, accounting for $679.82 million of the total $898.75 million liquidated. The liquidation trend continued in the last 24 hours, with a near-even split between long and short liquidations, totaling $55.90 million.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect @Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions.@Lachakari_Crypto is not responsible for any financial losses.
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