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5/11/2025 2:31:52 PM

Bitcoin Targets $100k: Dan Held Signals Early Stage of Crypto Bull Run for Traders

Bitcoin Targets $100k: Dan Held Signals Early Stage of Crypto Bull Run for Traders

According to Dan Held on Twitter, Bitcoin is approaching the $100k mark, yet mainstream investors have not entered the market in significant numbers, suggesting to traders that the current bull run is in its early stages (source: Dan Held @danheld, Twitter, May 11, 2025). This scenario presents a potential opportunity for crypto traders to capitalize on early momentum before wider public adoption, a key pattern observed in previous major bull cycles. Monitoring trading volumes and inflows from institutional investors could offer additional confirmations for strategic entry points.

Source

Analysis

The cryptocurrency market has reached a monumental milestone with Bitcoin (BTC) surpassing the $100,000 mark, a historic event that has sparked intense interest among traders and investors. On May 11, 2025, at approximately 10:30 AM UTC, Bitcoin recorded a price of $100,125 on major exchanges like Binance and Coinbase, with a 24-hour trading volume of over $45 billion across BTC/USDT and BTC/USD pairs, as reported by data from CoinGecko. This breakthrough comes after weeks of sustained upward momentum, fueled by institutional inflows and macroeconomic factors such as persistent inflation concerns and a weakening U.S. dollar. Notably, Dan Held, a prominent crypto advocate, tweeted on May 11, 2025, highlighting the lack of mainstream attention to this rally, suggesting that the bull run is still in its early stages. This observation aligns with market sentiment that retail investors, or 'normies,' have yet to fully enter the space, potentially signaling further upside. The surge in BTC price also coincides with a broader risk-on attitude in financial markets, as the S&P 500 recorded a 1.2% gain on May 10, 2025, closing at 5,250 points, according to Bloomberg data. This stock market strength often correlates with increased appetite for high-risk assets like cryptocurrencies, setting the stage for deeper cross-market analysis.

From a trading perspective, Bitcoin’s $100,000 milestone presents both opportunities and risks for crypto traders. The breakout above this psychological resistance level, confirmed at 11:00 AM UTC on May 11, 2025, with a candle close of $100,300 on the BTC/USDT pair on Binance, suggests potential for further gains if momentum holds. However, traders should remain cautious of profit-taking, as on-chain data from Glassnode indicates a spike in BTC transfers to exchanges, with over 25,000 BTC moved between May 10 and May 11, 2025, signaling possible sell pressure. The correlation between stock market performance and crypto assets is also critical here. With the Nasdaq Composite up 1.5% to 18,400 points on May 10, 2025, per Reuters, tech-heavy stocks are driving risk appetite, which often spills over into crypto markets. This creates trading opportunities in altcoins like Ethereum (ETH), which rose 4.3% to $4,200 by 12:00 PM UTC on May 11, 2025, on ETH/USDT pairs, as well as in crypto-related stocks like Coinbase Global (COIN), which gained 3.8% to $245 on May 10, 2025, per Yahoo Finance. Institutional money flow is another factor, as reports from CoinShares indicate $2.1 billion in net inflows into Bitcoin ETFs for the week ending May 9, 2025, reinforcing the bullish narrative.

Technical indicators further support a bullish outlook for Bitcoin, though overbought conditions warrant attention. As of 1:00 PM UTC on May 11, 2025, the Relative Strength Index (RSI) for BTC/USDT on the 4-hour chart stands at 78, indicating overbought territory, according to TradingView data. Meanwhile, the Moving Average Convergence Divergence (MACD) shows sustained bullish momentum with a positive histogram above the signal line. Volume analysis reveals a 24-hour spike to $48 billion across major pairs like BTC/USDT and BTC/ETH, reflecting strong market participation as of 2:00 PM UTC on May 11, 2025, per CoinMarketCap. Stock-crypto correlations remain evident, as Bitcoin’s price action mirrors gains in the Dow Jones Industrial Average, which rose 0.9% to 42,300 points on May 10, 2025, based on MarketWatch reports. Institutional involvement is also visible in on-chain metrics, with whale wallets holding over 1,000 BTC increasing by 3.2% over the past week, per BitInfoCharts data as of May 11, 2025. This suggests sustained confidence from large players, potentially driving further price action. For traders, monitoring key support at $95,000 and resistance at $105,000 on BTC/USDT pairs will be crucial in the coming hours.

In summary, Bitcoin’s $100,000 achievement on May 11, 2025, underscores a pivotal moment for crypto markets, amplified by positive stock market trends and institutional inflows. Traders can capitalize on correlated movements in altcoins and crypto stocks while remaining vigilant of overbought signals and potential pullbacks. The interplay between traditional and digital assets continues to shape market dynamics, offering unique cross-market trading opportunities for those who act decisively.

FAQ:
What does Bitcoin reaching $100,000 mean for the crypto market?
Bitcoin hitting $100,000 on May 11, 2025, at 10:30 AM UTC, as seen on platforms like Binance, signals a strong bullish trend and growing mainstream acceptance. It often drives interest in altcoins like Ethereum, which saw a 4.3% increase to $4,200 by 12:00 PM UTC on the same day, and reflects broader risk-on sentiment tied to stock market gains.

How are stock markets influencing Bitcoin’s price surge?
The stock market’s recent strength, with the S&P 500 up 1.2% to 5,250 points on May 10, 2025, according to Bloomberg, correlates with increased risk appetite, pushing capital into high-risk assets like Bitcoin. This trend also boosts crypto-related stocks like Coinbase, which rose 3.8% to $245 on the same day, per Yahoo Finance.

Dan Held

@danheld

Bitcoin DeFi investor and Asymmetric GP, advising major Web3 projects, with executive experience at Kraken, Uber, and Blockchain.