According to Material Indicators, Bitcoin’s breakout through the $100K level has been supported by strong spot buying and increased order book liquidity at higher price levels (source: Material Indicators, x.com, May 9, 2025). However, Material Indicators highlight that while bullish momentum remains robust, sustained movement above $100K will depend on continued institutional inflows and stability in macroeconomic conditions. Traders should monitor for potential volatility and rapid reversals, as order book data shows significant resistance accumulating near the $105K mark. This move is impacting crypto market sentiment broadly, with altcoins seeing increased volatility as capital rotates into Bitcoin.