According to Lookonchain, Bitcoin (BTC) has reclaimed the $100,000 price level while Ethereum (ETH) returned to $2,000, with a major whale holding long positions in both assets now sitting on over $2.8 million in unrealized profits (source: x.com/lookonchain). This significant price recovery highlights strong bullish sentiment and increasing institutional interest in the crypto market, which could attract new traders and drive further volatility in BTC and ETH trading pairs. The whale activity serves as a key indicator for traders to monitor potential large-scale moves and liquidity shifts in the current cycle (source: x.com/lookonchain).

According to Crypto Rover, Bitcoin is trading close to the $100,000 level with minimal market attention, highlighting a highly bullish chart setup at this stage (source: Crypto Rover on Twitter, May 8, 2025). For traders, this low sentiment combined with strong technical momentum suggests increased upside potential, as subdued hype often precedes major price movements in crypto. With Bitcoin’s price action showing robust support and the psychological $100,000 level in sight, the current market conditions may present optimal entries for swing and trend traders. Monitoring trading volume and resistance near $100,000 is crucial for short-term strategy, given the potential for rapid volatility if attention returns to the market.

According to Crypto Rover, Bitcoin has reached $98,000, marking a new all-time high and driving significant trading momentum as investors anticipate a push towards the $100,000 psychological barrier (source: Crypto Rover on Twitter, May 8, 2025). This breakout is attracting large trading volumes and heightened volatility, prompting traders to closely monitor resistance and support levels for potential breakout plays and profit-taking opportunities. The milestone is reinforcing bullish sentiment across the cryptocurrency market, with related altcoins also experiencing increased activity.

According to Crypto Rover, more than $3 billion in Bitcoin short positions are set to be liquidated if Bitcoin's price reaches $100,000, creating conditions for a massive short squeeze event (source: Crypto Rover on Twitter, May 2, 2025). Traders should monitor the $100,000 level closely, as such a large-scale liquidation could lead to rapid upward price movement and increased volatility. This scenario highlights the importance of managing risk on leveraged positions and watching for breakouts above key resistance levels, as heightened liquidations often accelerate price surges and fuel bullish momentum in the crypto market.