Bitcoin Defies Gravity: Holds Firm Above $100K as Traders Eye Record Run

Bitcoin’s bull run isn’t blinking—price action clings stubbornly above the $100K psychological barrier despite overheated conditions. Short-term pullbacks look shallow, with institutional buy-the-dip flows propping up support.

The setup: Every 5% dip gets swallowed by algorithmic traders and ETF whales within hours. Derivatives markets show leveraged longs getting frisky again, though OI-weighted funding rates remain (barely) sustainable.

Next target: Chartists whisper about $120K as the last major resistance before virgin price territory. Miners are oddly quiet—either disciplined hodlers or waiting for that inevitable ’sell the news’ moment Wall Street loves to engineer.

One truth remains: corrections come faster in crypto, but so do the recoveries. Just ask the hedge fund managers still trying to explain their 2022 ’short of the century’ disaster.