Bitcoin Nears $100K: On-Chain Metrics & Bullish Indicators Fuel Price Surge

Bitcoin Eyes $100K: On-Chain Metrics and Technical Indicators Point to Bullish Momentum

Bitcoin (BTC) has flirted with the $97,000 price point for the first time since February, bringing it tantalizingly close to the $100K mark. At the time of writing, BTC was just 3.5% shy of this milestone, raising speculation that a significant price surge could be imminent. Notably, on-chain metrics are signaling that $100K may not only be within reach but could be an achievable target in the near future.

On-Chain Metrics Indicate $100K Could Be Near

A key signal for Bitcoin’s potential price rally is the short-term holder accumulation trend observed in Q2 2025. According to CryptoQuant, this trend closely mirrors the patterns that led to significant price rallies in both early and late 2024. Short-term holders, defined as those who have held Bitcoin for anywhere from one day to one week, have been accumulating BTC, with the chart revealing that whenever short-term holder accumulation made a higher high, it was typically followed by a price surge.

CryptoQuant analysts stated, "If this trend continues in the short term, Bitcoin may be on track to break above $100K and enter a strong upward phase." This sentiment suggests that the market could soon see a repeat of past rallies, pushing Bitcoin towards new all-time highs.

Key Bullish Indicators from Bitcoin’s Market Dynamics

In addition to short-term holder behavior, another important factor contributing to Bitcoin’s bullish outlook is the behavior of long-term holders (LTHs). Blockware, a leading Bitcoin mining system provider, noted that the supply of BTC held by long-term holders has been steadily rising. This is crucial because as long-term holders accumulate more Bitcoin, the selling pressure typically seen from profitable holders (those who have held BTC for over six months) starts to ease.

BTC analyst Robert Breedlove echoed this sentiment, stating, "Over the past 30 days, long-term holders have acquired ~150,000 more BTC. Bitcoin is running out of sellers in the $80K to $100K range." This lack of selling pressure from LTHs is a strong signal that Bitcoin could continue to trend upward, with the $100K price range acting as a key psychological and technical resistance point.

Liquidity Rebound: A Critical Demand Factor for Bitcoin

Perhaps the most crucial demand factor currently supporting Bitcoin’s price surge is the rebound in U.S. dollar liquidity. Blockware’s chart highlights the positive correlation between U.S. liquidity and Bitcoin’s price action. This was most notably evident during the massive surge in liquidity in 2020-2021, which fueled Bitcoin’s meteoric rise from a low of $3,500 to an all-time high of $69,000.

While liquidity contracted in late 2024 and early 2025, the situation appears to be improving in Q2 2025. If the trend of increasing liquidity continues, Bitcoin could see an influx of bids that would further fuel upward momentum. As liquidity rises, it becomes easier for market participants to accumulate assets like Bitcoin, which could ultimately push the price to new highs.

Technical Indicators Suggest Bullish Sentiment

On the technical side, Bitcoin’s price chart is showing several bullish signs. The 4-hour Super Trend indicator, a popular tool used to identify market trends, is currently in ‘buy’ mode. This suggests that, at least in the short term, the market is in favor of the bulls. Additionally, Bitcoin’s price is trading above key moving averages, further indicating that the bulls have the market edge.

The 50-period moving average, often used to identify short-term trends, is trending upward, reinforcing the idea that BTC could be poised for another surge. Furthermore, with Bitcoin trading above the 200-period moving average, it suggests that the overall long-term trend is still in bullish territory.

Bitcoin’s Potential to Hit $100K in the Short Term

When combining on-chain metrics, technical indicators, and broader market dynamics, there is a strong case to be made for Bitcoin’s potential to hit the $100K mark in the near future. The short-term holder accumulation trend, coupled with the easing of selling pressure from long-term holders, creates an environment conducive to upward price movement. Additionally, the rebound in U.S. dollar liquidity could provide the necessary fuel for further price appreciation.

If Bitcoin continues to follow these bullish signals, a surge past $100K could become a reality in the coming months. The growing institutional interest in Bitcoin, combined with macroeconomic factors such as rising inflation and geopolitical uncertainty, could also push Bitcoin into new price territories, further cementing its status as a leading store of value in the digital age.

Conclusion: Bitcoin on the Verge of a New Bull Market Phase?

As Bitcoin inches closer to $100K, all eyes are on the market’s ability to sustain this momentum. The combination of positive on-chain metrics, reduced selling pressure from long-term holders, and a rebound in U.S. dollar liquidity paints a compelling picture for BTC’s short-term outlook. Furthermore, the technical indicators point to continued bullish sentiment, suggesting that Bitcoin is well-positioned to break through key resistance levels.

While the journey to $100K is not guaranteed, the current market conditions provide a solid foundation for Bitcoin’s continued ascent. If the trend of short-term holder accumulation and rising liquidity persists, Bitcoin may well reach new all-time highs, and the $100K level could serve as the next significant milestone in its price discovery process.

With Bitcoin nearing the $100K mark, it remains to be seen whether the cryptocurrency can break through this psychological barrier and set new price records. For now, the market sentiment remains bullish, and Bitcoin’s trajectory appears to be heading toward uncharted territory.

Georgi Shopov publication: "Bitcoin Nears $100K: On-Chain Metrics & Bullish Indicators Fuel Price Surge" was written for 24crypto.news

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