Recent on-chain data from Sentora, formerly known as IntoTheBlock, suggests that Bitcoin (BTC) could substantially increase beyond $100,000 if it successfully breaks this psychological barrier. This potential surge is bolstered by the observation of limited sell pressure in the market.
As highlighted by analysts, BTC is now once again nearing the $100K threshold, with promising indications that resistance may be minimal. The data indicates that only a small fraction of the total supply—around 3%—has been acquired near these levels, signifying that the sell-side pressure could remain relatively contained should the price rally continue.
Bitcoin is once again approaching the $100K threshold, and on-chain data suggests potential resistance may be limited.
The red bubbles highlight volume that’s still in an unrealized loss; cohorts more likely to sell to break even or minimize further downside.
This group… pic.twitter.com/yAhdHXp6IR— Sentora (previously IntoTheBlock) (@SentoraHQ) May 8, 2025
The cryptocurrency community is eagerly anticipating whether Bitcoin will overcome this crucial psychological milestone. Notably, Bitcoin’s last breakout above this threshold occurred less than four months ago.
The current price movement, influenced by growing optimism regarding significant trade agreements—including potential negotiations between the United States and UK or China—has propelled BTC’s value from below $94,000 to a current standing of approximately $99,500.
However, while there appears to be an opportunity for an impressive uptick, analyst Ali Martinez has drawn attention to an important resistance lining at approximately $101,673, where 81,910 BTC was amassed for well over $9 billion. This price level will likely serve as a critical barrier if Bitcoin surpasses the $100,000 mark.
On the support side, Bitcoin has established a strong floor at $94,719, where 195,320 BTC was acquired with a total value of around $18.5 billion, providing a solid backing for the current market.
#Bitcoin has established a strong support floor at $94,719, where 195,320 $BTC were accumulated. On the upside, a key resistance wall stands at $101,673, with 81,910 #BTC accumulated at that level. pic.twitter.com/PRFCKAeDFY
— Ali (@ali_charts) May 8, 2025
As Bitcoin dances around the $100,000 mark, it is worth noting that the asset’s realized capitalization has recently climbed to an all-time high, suggesting a robust interest in Bitcoin amidst these fluctuating price trends.
The cryptocurrency landscape remains dynamic, and as Bitcoin hovers near this key threshold, investors and enthusiasts watch closely, weighing the implications of market sentiment and on-chain dynamics.
