The cryptocurrency market is buzzing with anticipation as Bitcoin (BTC) continues its meteoric rise, with a recent tweet from BitMEX Research on May 8, 2025, stating, 'Last chance to sell below $100k.' This statement has sparked intense discussions among traders, hinting at Bitcoin potentially crossing the psychological barrier of $100,000 soon. As of 10:00 AM UTC on May 8, 2025, Bitcoin is trading at $98,750 on major exchanges like Binance and Coinbase, reflecting a 4.2% increase in the last 24 hours, according to data from CoinMarketCap. Trading volume has surged by 35% during the same period, reaching $48.3 billion across spot markets. This momentum aligns with broader market dynamics, as the S&P 500 also recorded a 1.8% gain on May 7, 2025, closing at 5,850 points, signaling strong risk-on sentiment among investors. Such stock market strength often correlates with bullish crypto movements, as institutional funds flow into high-risk assets like Bitcoin. Additionally, on-chain data from Glassnode shows a 12% increase in Bitcoin wallet addresses holding over 1 BTC as of May 7, 2025, indicating growing accumulation by retail and institutional players. This confluence of factors suggests that Bitcoin's push toward $100,000 could be imminent, creating critical trading opportunities for crypto enthusiasts monitoring cross-market trends.

From a trading perspective, the statement from BitMEX Research, shared at 9:15 AM UTC on May 8, 2025, underscores the urgency for sellers to act before Bitcoin breaches the $100,000 mark. For traders, this presents both a risk and an opportunity. Those holding BTC could consider taking partial profits near the current price of $98,750 as of 10:00 AM UTC, while buyers might look for a breakout confirmation above $99,500 to enter long positions. The correlation between stock market gains and crypto rallies is evident, as the Nasdaq Composite also rose by 2.1% on May 7, 2025, closing at 18,400 points, reflecting tech-driven optimism that often spills over into blockchain-related assets. Trading pairs like BTC/USD and BTC/ETH on Binance have seen volume spikes of 28% and 15%, respectively, between May 7 and May 8, 2025, as reported by TradingView data. This increased activity suggests heightened market interest, potentially driven by institutional inflows, with reports from CoinShares indicating $1.2 billion in net inflows into Bitcoin ETFs during the week ending May 6, 2025. Traders should also monitor altcoins like Ethereum (ETH), trading at $3,450 with a 3.8% gain as of 10:00 AM UTC on May 8, 2025, for potential correlated moves if Bitcoin breaks out.

Technically, Bitcoin's price action shows strong bullish momentum on the daily chart as of May 8, 2025. The Relative Strength Index (RSI) stands at 72, indicating overbought conditions but sustained buying pressure, according to TradingView analytics at 10:00 AM UTC. The 50-day Moving Average (MA) at $92,000 has acted as solid support, with BTC staying well above this level since April 25, 2025. Volume analysis reveals a peak of $12.5 billion in BTC/USD trades on Binance between 8:00 AM and 9:00 AM UTC on May 8, 2025, coinciding with the BitMEX Research tweet. Cross-market correlations remain strong, with Bitcoin's price movements mirroring S&P 500 futures, which gained 0.5% in pre-market trading on May 8, 2025, as per Bloomberg data. Institutional interest is further evidenced by a 9% increase in Bitcoin futures open interest on CME, reaching $8.3 billion as of May 7, 2025, suggesting big players are positioning for a breakout. For crypto-related stocks like MicroStrategy (MSTR), share prices rose 5.3% to $1,780 on May 7, 2025, reflecting positive sentiment tied to Bitcoin's rally. This stock-crypto synergy highlights how traditional market optimism can fuel digital asset gains, offering traders a dual-market perspective to capitalize on volatility.

In summary, the interplay between stock market strength and Bitcoin's rally near $100,000 creates a dynamic trading environment. With institutional money flowing between equities and crypto, as seen in the $1.2 billion Bitcoin ETF inflows for the week ending May 6, 2025, per CoinShares, and the 35% surge in BTC trading volume on May 8, 2025, per CoinMarketCap, traders must remain vigilant. Monitoring key levels like $99,500 for BTC/USD and watching for correlated movements in crypto-related stocks and ETFs will be crucial for navigating this historic price threshold. The risk appetite in traditional markets continues to bolster crypto sentiment, making this a pivotal moment for strategic positioning.

FAQ:
What does the BitMEX Research tweet about selling below $100k mean for Bitcoin traders?
The tweet from BitMEX Research on May 8, 2025, suggests that Bitcoin's price, currently at $98,750 as of 10:00 AM UTC, may soon surpass $100,000. For traders, this implies a potential last opportunity to sell at current levels before a breakout, or to prepare for long positions if the price confirms a move above $99,500.

How are stock market gains influencing Bitcoin's price as of May 8, 2025?
The S&P 500's 1.8% gain on May 7, 2025, and Nasdaq's 2.1% rise on the same day indicate a strong risk-on sentiment in traditional markets. This optimism often correlates with Bitcoin rallies, as seen with BTC's 4.2% increase to $98,750 by 10:00 AM UTC on May 8, 2025, driven partly by institutional funds moving into high-risk assets like crypto.