Here’s Why Bitcoin Could Break $100K Sooner Than You Think

Bitcoin’s recent performance has renewed investor optimism, with the asset climbing 13% over the past month. Although it hasn’t yet broken the $100,000 threshold, several key indicators suggest a return to previous highs could be on the horizon.

One of the clearest signs of growing confidence is the continued drop in exchange-held Bitcoin. When fewer coins are sitting on centralized platforms, it often reflects a shift toward long-term holding—typically a bullish signal. Currently, only about 2.47 million BTC remain on exchanges, the lowest in years, hinting at large-scale accumulation.

This trend coincides with sustained inflows into spot Bitcoin ETFs. Since early April, institutional players have steadily increased their positions, with only a brief pause on April 30, when $56 million worth of BTC was sold. Even so, that sell-off is minor compared to the $4.49 billion in net purchases over the same period.

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Supporting this momentum is the MVRV (Market Value to Realized Value) ratio, which currently sits at 2.1. Historically, Bitcoin tends to approach cycle tops when this metric nears 3.7. The current level suggests there’s still considerable room for upside before reaching overheated territory.

On top of that, whale activity is once again picking up. Data on average spot order sizes shows that large investors—those typically behind major price moves—are re-entering the market with sizable buy orders. This resurgence signals confidence among high-net-worth players who tend to accumulate before significant rallies.

With institutional inflows climbing, exchange reserves dropping, market valuation still below overheated levels, and whales back in accumulation mode, market dynamics point toward a potential breakout above $100,000 as early as May.

Deyan Angelov

Active crypto trader who also follows news related to stocks, the S&P 500, and gold. Deyan enjoys staying physically active, trains regularly, and practices calisthenics. He also likes reading sci-fi books when he has the time.