According to Skew Δ (@52kskew), the $110,000 price level for Bitcoin (BTC) represents a critical liquidity zone, acting as the dividing line between the local high and a potential breakout point. Market data shows concentrated supply at this level, with Binance perpetual futures order books displaying a skewed ask depth and an increase in short positioning. This confluence suggests $110K is a pivotal area where significant liquidity could lead to strong price reactions, making it essential for traders to monitor for momentum shifts or breakout confirmation. (Source: Skew Δ, Twitter, May 21, 2025)

According to Santiment (@santimentfeed), the cryptocurrency market is experiencing renewed bullish momentum, with Bitcoin's price rallying toward the $110,000 level following last month's recovery from tariff-related fears (Source: Santiment Twitter, May 16, 2025). The shift in trader sentiment is notable as this is the first time Bitcoin has approached this target since its all-time high during Trump's inauguration. For traders, this milestone suggests increased volatility and potential breakout opportunities, especially as buying interest surges alongside reduced macroeconomic uncertainty. The report highlights that crypto trading volume and on-chain activity have both spiked, reinforcing the bullish narrative and signaling further upside potential in the near term.