According to Santiment (@santimentfeed), Bitcoin has surpassed the critical $100K psychological resistance for the first time since February 3rd, 2025. This breakout indicates a continued bullish rally in the cryptocurrency market, with current sentiment remaining strongly positive. Traders should note that while high bullish sentiment often attracts further buying, it can also increase the risk of volatility and sharp corrections as profit-taking intensifies. Monitoring on-chain activity and funding rates is advised to anticipate potential short-term reversals. This milestone impacts not only Bitcoin but also boosts altcoin momentum and overall crypto market confidence, potentially leading to increased volatility and trading opportunities. (Source: Santiment, May 8, 2025)

According to @BitcoinAnalysis, Bitcoin (BTC) surged above $97,000 yesterday and is now trading just below this level. Market data shows that BTC open interest (OI) has increased significantly, signaling heightened trader activity and leverage in the market (source: @BitcoinAnalysis). While some analysts anticipate a correction due to potential over-leverage, others expect a breakout above the key $100,000 resistance if buying momentum continues (source: @BitcoinAnalysis). Traders are closely monitoring support at $95,000 and resistance at $100,000, with increased OI indicating potential for higher volatility and sharp price moves in the near term (source: @BitcoinAnalysis).