Bitcoin Surges Past $100K as Bulls Target New All-Time High
Bitcoin has demonstrated remarkable resilience, holding firmly above the $100,000 psychological threshold and currently trading at $103,592—just 3.5% shy of its all-time high. With a market capitalization exceeding $2.1 trillion, traders are optimistic about a potential breakout beyond the $105,787 resistance level, signaling strong bullish momentum in the cryptocurrency market.
Bitcoin Holds Firm Above $100K as Bulls Eye New All-Time High
Bitcoin has reclaimed the $105,000 level, now trading at $103,592 and hovering just 3.5% below its all-time high. The cryptocurrency has maintained its position above the psychological $100,000 mark—a threshold last seen in early May—signaling sustained bullish momentum.
Market capitalization has surged past $2.1 trillion as traders hold positions, anticipating a breakout above the $105,787 resistance. A successful breach could propel Bitcoin toward $120,000, according to technical analysts monitoring the charts.
Despite being range-bound between buyer support and seller resistance since May 9, Bitcoin's resilience above six figures suggests underlying strength. The sideways movement over the past week indicates neither bulls nor bears have gained decisive control, setting the stage for a potential volatility spike.
Coinbase Wrapped Bitcoin Supply Surpasses 40,000 Mark
Coinbase's Wrapped Bitcoin (cbBTC) supply has eclipsed 40,000 tokens, signaling accelerating institutional adoption of Bitcoin-backed synthetic assets. The exchange's cbBTC now commands a $3.89 billion market cap, capturing nearly 23% of the wrapped BTC market.
Monthly growth metrics reveal striking momentum—1,900 new cbBTC tokens entered circulation in May 2025 alone. This surge positions Coinbase as a formidable challenger to WBTC's long-standing dominance in the tokenized bitcoin sector.
Bitcoin Bulls Face Make-Or-Break Moment At $106,500 Resistance
Bitcoin stands at a critical juncture as it retests the $106,500 resistance level, a threshold that could determine its near-term trajectory. Analyst crypto Patel notes that failure to breach this barrier may trigger a pullback, while success could propel BTC toward $120,000. Market sentiment remains cautiously optimistic, bolstered by $2 billion in net inflows to U.S. spot ETFs last week.
The cryptocurrency has traded sideways since briefly surpassing $105,000 on May 12, reflecting trader indecision. Patel's technical analysis identifies key support and resistance levels that will dictate whether institutional demand can overcome selling pressure at current valuations.
Spot Market Demand Drives Bitcoin to $106K as Coinbase Records $45M Daily Net Buying
Bitcoin's recent surge past $106,000 reflects a market fundamentally different from previous bull runs. Glassnode data reveals organic accumulation patterns, with Coinbase alone absorbing $45 million in daily net buying pressure. The rally emerged after a brief dip below $75,000 in early April, finding strong support between $93,000-$95,000.
This isn't leverage-fueled speculation but sustained spot market demand. ETF inflows continue unabated while sell-side pressure diminishes—even as long-term holders take profits. The divergence between spot and derivatives activity suggests institutional participation is reshaping market dynamics.
Bitcoin Volatility Triggers Liquidations as Whale Adjusts $400M Position
Bitcoin's price action turned turbulent Sunday evening, briefly touching $106,000—its highest level since January—before a $2,000 plunge triggered cascading liquidations. The rally followed a period of stagnation during Friday and Saturday's trading sessions.
An anonymous whale capitalized on the volatility, initially opening a $400 million long position on Hyperliquid when BTC dipped below $103,000. Blockchain analytics show the entity has since trimmed exposure to $337 million amid the price surge to $104,000. Such large-scale positioning often precedes heightened market volatility.
Ark Invest’s Cathie Wood Predicts Bitcoin To Hit $1.5 Million By 2030
Cathie Wood, CEO of Ark Invest, projects Bitcoin could reach $1.5 million by 2030 in a bull case scenario, with a base target of $700,000-$750,000. The forecast hinges on institutional adoption and Bitcoin’s growing recognition as a store of value.
Wood’s analysis, presented alongside Ark market analyst David Puell, emphasizes macroeconomic trends favoring crypto assets. Rising institutional investment and global monetary policy shifts underpin the optimistic outlook.
