Key Takeaways:
- Bitcoin’s realized capitalization hit a record $890 billion, reflecting strong investor conviction as long-term and short-term holders increased allocations.
- Large Bitcoin holders with over 1,000 BTC have accumulated significantly since March 2025, reflecting trends observed in Q1 2024.
On May 6, 2025, Bitcoin (BTC) price experienced a significant short-squeeze above $97,000 following the announcement by US Treasury Secretary Scott Bessent regarding upcoming trade talks with China. Subsequently, on May 7, BTC’s realized capitalization reached an all-time high of $890 billion, marking the third consecutive week of unprecedented growth in this metric.
The rise in realized capitalization highlights the total investment held by Bitcoin owners, with both long-term holders (LTHs) and short-term holders (STHs) increasing their positions. Such movements signal a strong conviction among investors and may indicate expectations of a price breakout.
Recent market trends bolster this optimism. Data reported by Cointelegraph reveals that large Bitcoin holders have been actively accumulating Bitcoin since late March 2025. Specifically, wallets holding between 10 and 10,000 BTC have added a substantial 81,338 BTC over six weeks, indicating confidence in the upward price trajectory and the possibility of BTC approaching the $100,000 mark.
Moreover, Glassnode data unveiled that the number of Bitcoin whale addresses, those holding over 1,000 BTC, increased from 1,945 on March 1 to 2,006 on May 7 — marking the most considerable growth for this group in 2025 and highlighting accumulation interests similar to those seen leading up to Bitcoin’s all-time high in March 2024.
Can Bitcoin Rally to $100,000?
Bitcoin’s support zone, particularly between $93,000 and $95,000, demonstrated remarkable resilience on May 6, supported by activity in long-term perpetual positions. However, potential downside liquidity exists between $91,600 and $89,000, which Bitcoin could test if bearish momentum persists after the upcoming FOMC minutes and Federal Reserve statements.
Should BTC break through the resistance zone of $97,000 to $99,000, it could engender a bullish sentiment shift. It is noteworthy that this resistance area is significant due to a prior price cluster that led to downward movements. A decisive move above $99,000 might pressure short positions and further augment bullish liquidity.
The $100,000 benchmark serves more as a psychological threshold than a critical resistance point. If BTC exceeds the established resistance of $97,000-$99,000 and secures it as support, it might open pathways for a potential move toward $110,000, contingent on prevailing market conditions and momentum.
Market analyst Michael van de Poppe expressed optimism regarding a potential Bitcoin breakout to $100,000 within the next two weeks. Conversely, crypto trader Honey posits a steady rise for BTC, forecasting a new all-time high of $111,111 by the end of the second quarter.
Related: Bitcoin $1B daily realized profits signal ‘late-stage bull market’
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making a decision.
