According to Cas Abbé on Twitter, Bitcoin's price is facing resistance in breaking above recent levels, primarily due to persistent selling in the derivatives market. Since surpassing the critical $100,000 threshold, cumulative net taker volume has remained negative, indicating that sell orders dominate buy orders among derivatives traders (source: Cas Abbé, Twitter, May 17, 2025). This sustained negative net taker volume signals bearish sentiment in the derivatives market, which historically leads to increased downward pressure on Bitcoin spot prices. Traders should watch for continued negative net taker volume as a signal of ongoing resistance and potential short-term price corrections.

According to Crypto Rover (@rovercrc), Bitcoin is just 3% away from the $100,000 milestone, yet overall activity and excitement on crypto Twitter remain unusually subdued. This lack of retail hype during a key breakout is interpreted by some traders as a bullish indicator, suggesting there may still be significant upside potential before widespread FOMO and market saturation occur (source: Crypto Rover, Twitter, May 7, 2025). For crypto traders, this environment of low sentiment alongside price strength may offer strategic buying opportunities, especially for those tracking momentum and sentiment-driven entries.