Bitcoin Blasts Past $93K—Latecomers Finally in the Green. Is $100K Next?

BTC bulls charge as the king coin surges past $93K—dragging recent buyers into profit territory for the first time. Market sentiment flips greedy, derivatives heat up, and even Wall Street’s ’wait-and-see’ crowd starts eyeing entry points.

Key drivers? Spot ETF inflows keep stacking, miners hold tight post-halving, and macro uncertainty pushes institutional FOMO. But let’s be real—half the ’fundamental analysis’ tweets are just reverse-engineered price charts.

The path to six figures looks clear... until the next ’black swan’ drops. Because in crypto, the only certainty is that bankers will call it a bubble right until they back up the Brinks truck.

Source: Glassnode

Bitcoin flips above STH realized price:  Key reversal signal

Bitcoin posted a 6.82% single-day gain on the 22nd of April, closing at $93,489, effectively reclaiming a key overhead resistance level that has remained untested for over a month.

Its impact? Short-term holders (STHs) flipped into profit territory after over a month of their realized price sitting below BTC’s market valuation, keeping them in an underwater position.

This resurgence signals a strong bullish continuation. Why? It serves as a critical FOMO trigger.

If Bitcoin maintains its momentum, short-term investors are likely to HODL for outsized returns. Hence, viewing the move as a “reward” for their resilience during the March sell-offs.

In fact, at $93,986, 11.72k BTC were bought— the highest in the month. This marks a significant shift with strong outflows into wallets, reinforcing AMBCrypto’s thesis of bullish continuation.

Source: CryptoQuant

With increased whale participation and the reversal of STHs into profit, Bitcoin’s market structure has shifted decisively. 

The path of least resistance now points toward further bullish price discovery, with a potential for continuation into higher resistance zones.