The $100K Bitcoin Breakout: Riding the Wave, But Watching Out for THIS


  • New buyers are aggressively accumulating BTC, signaling rising interest and adoption.

  • Despite this influx, momentum buyers remain hesitant, showing weak conviction in the rally.

Over the past week, Bitcoin (BTC) has surged from $93,000 to $105,000, sparking fresh debate among analysts in the latest crypto news about the key drivers behind this price movement.

According to data from Glassnode, the primary force behind Bitcoin's push past the $100,000 mark is the increasing demand from new market participants.


Source : Glassnode

Glassnode’s supply mapping highlights sustained strength in this new demand. Specifically, Bitcoin’s First-Time Buyers’ RSI has consistently remained at 100 throughout the week—a strong indicator of persistent inflow from fresh investors.

Backing this, over the last 20 days, more than $6 billion in liquidity has entered the crypto market through newly issued USDT. This has fueled increasing activity among first-time Bitcoin buyers.


Source:  checkonchain

This pattern is typical in a healthy bull market, where rising prices are supported by expanding interest and participation. Over the last month, capital rotation—an indicator of market shift and liquidity movement—has jumped from $6 billion to $26 billion.


Source: CryptoQuant

This dramatic rise underscores the growing appetite for Bitcoin among all investor types, including whales, retail investors, and institutions.

Further supporting this trend is the recent drop in Bitcoin’s exchange netflow, which fell to a weekly low of 1.6k BTC. This signals more BTC is being withdrawn from exchanges than deposited—often a bullish sign indicating accumulation.

Historically, strong buying interest from new entrants during price rallies has often preceded continued bullish momentum.

Can these buyers push BTC to new all-time highs?

The recent influx of new buyers highlights a growing belief in Bitcoin's long-term potential. Investors who previously stayed on the sidelines—including large-scale institutions and retail players—are now viewing BTC as a viable and strategic asset.

This rise in adoption is crucial for long-term growth. However, a key challenge remains: the sentiment among momentum buyers.

While new participants are buying aggressively, momentum buyers—typically short-term speculators who drive sharp price moves—are not yet fully on board. Glassnode’s Momentum Buyers’ RSI is currently sitting at just 11, indicating low confidence and engagement from this group.

Historically, momentum buyers are essential to fuel extended rallies. Without their participation, upward price movements may slow or reverse, especially if only new buyers are supporting the market.

If this dynamic persists, BTC could remain range-bound between $100,000 and $105,000. However, a shift in sentiment from momentum buyers could be the catalyst needed for Bitcoin to break above resistance and reach new highs.

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