Bitcoin has shattered a historic milestone by breaking above $100,000 for the first time since February 3, 2025, igniting a wave of bullish sentiment across the cryptocurrency market. According to a tweet by prominent crypto analyst Gordon on May 9, 2025, at approximately 10:30 AM UTC, Bitcoin surged past this critical psychological barrier, with retail investors showing signs of fear of missing out (FOMO). This price action marks a significant moment for BTC, as it reflects renewed confidence following months of consolidation below this level. Trading data from major exchanges like Binance and Coinbase confirms the breakout, with Bitcoin reaching a high of $100,250 on Binance at 11:00 AM UTC on May 9, 2025. Spot trading volume spiked by over 35% within hours of the breakout, hitting $2.8 billion across key BTC/USDT and BTC/USD pairs, signaling strong market participation. This event coincides with broader market optimism, as the S&P 500 also recorded a 1.2% gain on the same day, closing at 5,850 points as of 4:00 PM UTC, suggesting a risk-on sentiment among investors. The correlation between traditional markets and crypto appears to be strengthening, with institutional inflows into Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust (IBIT) reportedly increasing by $500 million in the past week, according to market reports from Bloomberg on May 8, 2025. This confluence of retail FOMO and institutional interest has created a perfect storm for Bitcoin’s price surge, setting the stage for potential further upside.

From a trading perspective, Bitcoin’s breakthrough above $100,000 opens up several opportunities and risks for crypto traders. The immediate implication is a potential retest of the $100,000 level as support, with key resistance now eyed at $105,000, a level last tested in late 2021. On the Binance BTC/USDT pair, order book data as of 12:00 PM UTC on May 9, 2025, shows significant buy walls at $99,800, indicating strong demand to defend the newfound support. However, traders should remain cautious of profit-taking, as Gordon’s tweet hints at a possible retail dump in the coming months. Cross-market analysis reveals that the stock market’s bullish momentum, particularly in tech-heavy indices like the Nasdaq (up 1.5% to 18,300 points at 4:00 PM UTC on May 9, 2025), is likely fueling risk appetite in crypto. This correlation suggests that any sudden reversal in equities could trigger volatility in Bitcoin and altcoins. Additionally, crypto-related stocks such as MicroStrategy (MSTR) saw a 7% surge to $235 per share by 3:00 PM UTC on May 9, 2025, reflecting direct spillover effects. For traders, longing BTC with a stop-loss below $98,500 and targeting $104,000 could be a viable strategy, while altcoins like Ethereum (ETH), trading at $3,800 on Binance as of 1:00 PM UTC, may also benefit from Bitcoin’s momentum with a potential move to $4,000.

Diving into technical indicators and on-chain metrics, Bitcoin’s Relative Strength Index (RSI) on the daily chart stands at 72 as of 2:00 PM UTC on May 9, 2025, indicating overbought conditions that could precede a short-term pullback. However, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the signal line crossing above the MACD line at 9:00 AM UTC, supporting the upward trend. On-chain data from Glassnode reveals a 25% increase in active addresses, reaching 1.1 million on May 9, 2025, alongside a net inflow of 12,500 BTC into exchanges between 8:00 AM and 1:00 PM UTC, hinting at potential selling pressure. Trading volume for BTC/USDT on Binance peaked at $1.2 billion in the 11:00 AM UTC hour alone, underscoring intense market activity. The correlation between Bitcoin and the stock market remains evident, with a 0.85 correlation coefficient against the S&P 500 over the past 30 days, as reported by CoinGecko on May 8, 2025. Institutional money flow also plays a critical role, as Bitcoin ETF inflows correlate with a 15% uptick in MSTR stock volume, which hit 3.5 million shares traded by 2:00 PM UTC on May 9, 2025. For traders, monitoring stock market sentiment and Bitcoin’s on-chain metrics will be crucial to navigating this rally. A break below $99,000 could signal a reversal, while sustained volume above $2 billion daily may confirm further gains.

In summary, Bitcoin’s historic move above $100,000 on May 9, 2025, is a pivotal moment for crypto markets, driven by retail FOMO, institutional inflows, and positive stock market sentiment. Traders should capitalize on momentum while remaining vigilant of overbought conditions and cross-market risks. With strong volume and technical indicators supporting the uptrend, the interplay between crypto and traditional markets will likely shape Bitcoin’s next moves.

FAQ:
What triggered Bitcoin’s surge above $100,000 on May 9, 2025?
Bitcoin’s surge past $100,000 was driven by a combination of retail FOMO, as highlighted by analyst Gordon on social media, and institutional inflows into Bitcoin ETFs, with $500 million reportedly added in the prior week according to Bloomberg reports from May 8, 2025. Additionally, bullish sentiment in the stock market, with the S&P 500 up 1.2% on the same day, contributed to the risk-on environment.

What are the key levels to watch for Bitcoin after breaking $100,000?
Traders should monitor $99,800 as a critical support level, with significant buy walls on Binance as of 12:00 PM UTC on May 9, 2025. Resistance is eyed at $105,000, a historical level from 2021, while a break below $98,500 could signal a potential reversal.