According to Crypto Rover on Twitter, Bitcoin is experiencing significant upward momentum, prompting discussion about the potential to reach the $100,000 mark before the end of the day. However, verified market data from major exchanges such as Binance and Coinbase demonstrates that while Bitcoin has shown strong intraday gains, there is no confirmed evidence supporting an imminent break above $100,000 as of May 2, 2025 (source: Binance order book, Coinbase BTC/USD charts). Traders should monitor high volatility levels and increased trading volumes, as these may present short-term trading opportunities, but caution is advised due to the lack of verified confirmation for the $100,000 breakout (source: Crypto Rover Twitter, Binance).

According to Crypto Rover, Bitcoin is not currently overheated, as highlighted in a post on May 1, 2025 (source: @rovercrc on Twitter). This suggests that the current Bitcoin price action remains within healthy trading parameters, indicating potential for further upward movement before reaching overbought conditions. Traders can interpret this as a signal to monitor momentum oscillators and volume for confirmation, rather than preparing for an immediate correction. Insights from this analysis are especially relevant for those trading Bitcoin spot and futures markets (source: Crypto Rover, Twitter).

According to Bubblemaps, recent on-chain data visualizations suggest that the current token accumulation phase is only just beginning, highlighting increased wallet clustering and early-stage investment activity (source: Bubblemaps Twitter, May 1, 2025). This development indicates growing interest from large holders, which often precedes volatility and potential upward price action. Traders should closely monitor these wallet movements for early trading opportunities.

According to Skew (@52kskew) on Twitter, BTC passive spot flow is set to be the main focus for traders today. Despite aggressive market selling on both Binance Spot and Coinbase Spot, a significant underlying spot buyer has absorbed all available liquidity. This pattern indicates strong buying support at current price levels, suggesting that monitoring the strength and persistence of this buyer is critical for short-term trading strategies (source: @52kskew, May 1, 2025).