Bitcoin Nears $100K as Binance Funding Rates Signal Potential Short Squeeze

Bitcoin''s price has shown renewed momentum in early May 2025, currently hovering around the $98,000 mark and teasing the psychologically critical $100,000 threshold. This comes after a period of sluggish movement in late April, with the cryptocurrency struggling to regain its six-figure valuation since February. On-chain data from CryptoQuant analyst Amr Taha reveals a sharp decline in Bitcoin''s funding rates on Binance - a key metric that often precedes significant price movements. The deeply negative funding rates suggest the market may be overly bearish, potentially setting the stage for a short squeeze that could propel Bitcoin past the $100,000 resistance level. This development comes as institutional interest in Bitcoin continues to grow, with many analysts viewing the $100,000 mark as a critical psychological barrier whose breach could trigger a new wave of FOMO (Fear of Missing Out) among investors. The current market conditions, combined with Bitcoin''s historical performance in bull markets, suggest that the cryptocurrency may be poised for another significant upward move as we progress through 2025.

Bitcoin Funding Rate Enters Deep Red On Binance — Short Squeeze Soon?

Bitcoin''s price showed sluggish movement in late April before surging as May began, now hovering NEAR $98,000 and teasing the psychologically critical $100,000 threshold. The cryptocurrency has struggled to regain its six-figure valuation since February, but on-chain data hints at a potential resurgence.

CryptoQuant analyst Amr Taha notes a sharp decline in Bitcoin''s funding rates on Binance—a metric often signaling market sentiment. Negative funding rates typically indicate bearish positioning, which can set the stage for a short squeeze if prices rebound forcefully.

Bitcoin Price Nears Critical $100K Threshold Amid Supply Cluster Resistance

Bitcoin''s resurgence has reignited bullish sentiment as the cryptocurrency challenges key resistance levels. After a two-week rally, BTC now faces a dense supply cluster that could determine its trajectory toward six-figure valuation.

On-chain data reveals the market leader is trading within a critical range, with analyst Checkmate noting ''pretty much blue skies above $100K'' in recent commentary. This technical pattern suggests breakout potential, though immediate price action remains constrained by accumulated sell orders.

Crypto Glut Turns to Graveyard as 1.8M Tokens Died in Q1 2025

The cryptocurrency market endured a historic collapse in the first quarter of 2025, with 1.8 million tokens rendered obsolete—nearly half of all failures recorded over the past five years. A CoinGecko study reveals that roughly 25% of tokens launched since 2021 have now flatlined.

Bitcoin''s post-inauguration rally in January 2025 proved fleeting, triggering a broader market correction. The unchecked proliferation of token generators like Pump.fun, while democratizing creation, has drawn criticism for eroding industry standards. These platforms enabled instant token launches but contributed to a saturation of low-quality assets.

Bhutan’s Bitcoin Holdings in Question Amid Wallet Tracking Debate

Bhutan''s Bitcoin reserves may have plummeted by nearly half, according to unverified wallet tags analyzed by Arkham Intelligence. Market observers speculate the Himalayan kingdom has liquidated 46% of its BTC treasury over the past year, though incomplete wallet tracking leaves room for uncertainty.

The nation''s active mining operations suggest undisclosed holdings beyond monitored addresses. As digital assets become increasingly vital to Bhutan''s fiscal strategy, analysts demand greater transparency from the traditionally secretive monarchy.

Blockchain sleuths note concerning depletion rates in tagged wallets, with Pledditor''s analysis highlighting rapid BTC outflows. The situation underscores the challenges of tracking sovereign crypto assets without official disclosures.

Bitcoin Eyes $104K Breakout as Analysts Spot Classic Bullish Pattern

Bitcoin''s late-April surge to $96,000 has reignited bullish sentiment, with traders now watching for a decisive break above all-time highs to confirm the next leg up. Crypto analyst Rekt Capital suggests BTC could follow historical patterns toward $104,500 in 2025, citing the recent recovery from downside deviation as technically significant.

The market remains laser-focused on two key levels: immediate resistance at $93,500 and the psychological $100,000 threshold. This price action echoes previous cycles where bitcoin consolidated before parabolic advances, though sustained volume and institutional inflows will determine whether history truly rhymes.

Analyst Says Bitcoin’s Most Crucial Support Level Is At $91,200 — What’s Next?

Bitcoin''s bullish momentum continues into May, with the cryptocurrency eyeing the psychologically significant $100,000 mark. The resurgence has reignited Optimism among investors, but a prominent analyst cautions against unchecked enthusiasm.

Crypto platform Burak Kesmeci highlights $91,200 as a critical support level for Bitcoin''s long-term trajectory. The analysis, based on the Pi Cycle Top indicator, suggests that maintaining this threshold could sustain the current upward movement. Market participants now watch for either a consolidation above this level or a potential test of its validity.