Bitcoin Nears $100K Milestone as Bullish Momentum Builds
Bitcoin''s recent surge above $95,000 has ignited bullish sentiment among traders, with many now eyeing the psychologically significant $100,000 threshold. The cryptocurrency has shown consistent upward momentum in recent weeks, despite lingering macroeconomic uncertainties. According to Glassnode''s on-chain metrics, a critical support level has been identified at $93,460, which represents the Short-Term Holder Cost Basis. Maintaining this level could provide the foundation for further gains. As of June 15, 2025, the market remains optimistic about Bitcoin''s potential to break through the $100,000 barrier, signaling a new era of growth for the leading digital asset.
Bitcoin Tests Key Support Level as Bulls Eye $100K Breakout
Bitcoin''s rally above $95,000 signals growing bullish momentum, with traders now targeting the psychologically significant $100,000 threshold. The cryptocurrency has demonstrated sustained upward pressure in recent weeks, though macroeconomic uncertainties continue to linger.
On-chain metrics reveal a critical support level at $93,460 - the Short-Term Holder Cost Basis identified by Glassnode. Maintaining this floor could provide the springboard for a potential advance toward $132,000, according to technical analysts.
Arizona Governor Vetoes Bitcoin Investment Bill, Halting Crypto Reserve Plan
Arizona Governor Katie Hobbs has vetoed Senate Bill 1025, a Republican-led initiative that WOULD have allowed the state treasury and public retirement systems to allocate up to 10% of assets to Bitcoin. The move marks a setback for efforts to establish the first U.S. state-level cryptocurrency reserve.
Hobbs cited concerns over Bitcoin''s volatility and untested nature as a retirement asset class. The veto comes as similar crypto reserve proposals are under consideration in Iowa, Missouri, and Texas—highlighting the growing political divide over digital asset adoption in public finance.
Arthur Hayes Predicts Bitcoin Could Reach $1 Million by 2028 Amid Global Financial Turmoil
Former BitMEX CEO Arthur Hayes has doubled down on his bold prediction that Bitcoin (BTC) could surge to $1 million by 2028. In a recent interview with analyst Kyle Chassé, Hayes outlined a scenario where BTC evolves from a speculative asset into the ultimate hedge against a collapsing global financial system.
Hayes argues that the world is fracturing into competing economic blocs, with the U.S. and China gradually decoupling. He believes this geopolitical tension, combined with potential systemic failures in traditional finance, could drive unprecedented demand for bitcoin as a safe-haven asset.
Bitcoin Shows Signs of Rebound Amid Whale Accumulation and Technical Signals
Bitcoin''s path to $98,000 faces key hurdles despite early rebound signals. The TD Sequential buy signal on hourly charts and a 26% spike in whale inflows this week suggest growing conviction among large holders. Yet long-term outflows continue to outweigh accumulation, creating a valuation conflict that may delay a clean breakout.
At press time, BTC traded at $95,952.36, down 0.33% over 24 hours. The cryptocurrency remains range-bound below $96,000, though on-chain metrics hint at brewing volatility. Market structure must align for a decisive move—whale activity alone won''t guarantee upward momentum when macro uncertainty persists.
Bitcoin Nears $100K as $3 Billion in Short Positions Face Liquidation Risk
Bitcoin''s rally to $97,500 has placed $3 billion worth of short positions in jeopardy. A breach of the $100,000 threshold could trigger a cascade of liquidations, with Coinglass data revealing concentrated bets against BTC between $97K and $100K on Binance, OKX, and Bybit.
Market dynamics suggest a potential short squeeze. Should prices reach $105,000, liquidations may surge to $3.73 billion. The psychological $100K level now serves as a make-or-break point for bears who underestimated Bitcoin''s momentum.
Actor Ben McKenzie Investigates Crypto Industry in New Documentary
Ben McKenzie, known for his roles in "Gotham" and "The O.C.," has written, directed, and produced a documentary titled "Everybody Is Lying to You for Money." The film scrutinizes the cryptocurrency industry, featuring interviews with key figures and an examination of El Salvador''s Bitcoin adoption under President Nayib Bukele.
Notably, the documentary includes footage of Sam Bankman-Fried, the disgraced founder of FTX, months before his indictment for fraud and conspiracy. Filmed across New York, London, El Salvador, Miami, and Austin over three years, the project aims to expose alleged deceit within the crypto space.
