Bitcoin News: Bitcoin Realized Cap Hits $890B as Bulls Eye Breakout Toward $100K

Bitcoin’s realized capitalization has reached a new all-time high of $890 billion, fueled by sustained accumulation from both short- and long-term holders amid optimism over a potential price breakout to $100,000.Bitcoin Price Consolidates Above $96K as Realized Cap Hits Record HighOn May 7, Bitcoin’s realized capitalization — a key on-chain metric measuring the value of each BTC at its last moved price — surged to a record $890 billion, according to Glassnode data. This milestone reflects growing conviction among investors, with both long-term holders (LTHs) and short-term holders (STHs) continuing to accumulate BTC.The Bitcoin price was trading at $96,485 at the time of publication, recovering from a brief dip below $94,000 earlier in the week. The move above $97,000 on May 6 was partially attributed to short liquidation pressure following news that U.S.–China trade talks would resume on May 10, announced by U.S. Treasury Secretary Scott Bessent.Whale Activity Mirrors Pre-ATH PatternsThe number of Bitcoin wallets holding more than 1,000 BTC rose sharply, climbing from 1,945 on March 1 to 2,006 by May 7 — the largest 30-day increase in 2025. This behavior mirrors a similar trend seen in Q1 2024, which preceded Bitcoin’s previous all-time high.Data from Cointelegraph and Glassnode shows that addresses holding between 10 and 10,000 BTC added more than 81,300 BTC over the past six weeks, signaling renewed institutional and high-net-worth investor confidence.Can Bitcoin Recapture $100,000?BTC faces a critical resistance zone between $97,000 and $99,000, which previously acted as a price ceiling during Q1 2025. A successful breakout above this level could invalidate the near-term bearish structure and open the path toward the psychologically important $100,000 mark — a level that, while symbolic, does not carry major historical resistance.Technical analysts have identified downside liquidity between $91,600 and $89,000, which may act as support if macro volatility increases, especially following this week’s FOMC minutes and Fed commentary.Crypto analyst Michael van de Poppe suggested that the recent recovery from below $94,000 may represent a local bottom, reinforcing his view of a breakout to $100K within two weeks. Meanwhile, trader Honey forecasted a more gradual rise, predicting BTC will hit $111,111 by the end of Q2 2025.