Bitcoin Breaks Past $100,000—Will FOMO Propel It to $120,000?

By: zycrypto|2025/05/13 22:30:08

Bitcoin’s price rocketed past $100,000 on May 9, 2025, sending a ripple of excitement through the crypto world.Traders watched the tape as BTC climbed from $97,200 in early Asian hours to a peak of $99,050 before settling around $103,900.The move came amid a flurry of macro developments. Data point to a market caught between fresh liquidity, steady U.S. rates, and record bearish bets.Bitcoin Liquidity Boost Out of BeijingChina’s central bank trimmed its one-year lending rate by 15 basis points. It also cut the reserve requirement ratio by half a percentage point. Together, these moves freed an estimated $100 billion of liquidity into the market.The rate cut marked the first easing since December 2024. It came as Beijing seeks to shore up growth and support its equity and property markets. Traders noted the timing: China announced the measures just hours before Bitcoin broke $99,000.Across the Pacific, the U.S. Federal Reserve paused its tightening cycle. In its May 1 statement, the Fed kept the federal funds target at 5.25 percent. Officials cited mixed growth signals and cooling inflation.The pause contrasted with Beijing’s easing. It underscored divergent policy paths. Behind the scenes, U.S.–China relations also warmed. Diplomats held discreet talks on May 2.They agreed to start formal trade negotiations on Friday, May 16 (U.S. Trade Representative’s Office, May 2, 2025). Traders interpreted the move as a sign of reduced friction in goods and capital flows.Market Internals Signal DivergenceNot every indicator cheered the rally. On Coinbase Pro, Bitcoin’s price premium versus global benchmarks slipped into negative territory on May 9. U.S. traders paid a slight discount, marking the first negative premium in six weeks.Meanwhile, CryptoQuant reported record-high short interest among institutional funds on that same day. Funds increased bearish positions as prices climbed. The setup resembles prior short squeezes, where forced buy-ins accelerate rallies.Bulls point to China’s liquidity surge and the Fed’s hold. They see the thaw in U.S.–China ties as a further catalyst. They argue that cross-border flows may increase with formal trade talks slated for May 16.They add that record shorts on major funds set the stage for a short squeeze. If those bets unwind quickly, Bitcoin could vault past $100,000.Bears, however, urge caution. They note the negative Coinbase Pro premium as a warning sign. They argue that U.S. demand may lag overseas buying. They worry that heavy short positions reflect more profound skepticism.Those shorts could reinforce selling if policy easing disappoints or trade talks stall. They also flag lower Asian volume during Golden Week from May 10 to May 16. Thin liquidity could exaggerate price swings in either direction.Bitcoin’s climb to just over $104,000 captured a moment of policy tug-of-war. Beijing’s easing and Washington’s steady rates offered mixed signals. Improving U.S.–China ties hinted at smoother trade. Yet market internals from negative U.S. premiums to peak shorts paint a complex picture.BTC/USDT Chart| Source: TradingViewWhether FOMO will push Bitcoin towards a new all-time high (ATH) remains open. Traders will watch for forced short-covering and volume shifts as Asia reopens after Golden Week. They will track updates from Beijing, the Fed, and USTR announcements.At the time of writing, Bitcoin’s price is $103,782, having dropped 0.65% over the last 24 hours. The next moves may hinge as much on policy headlines as on trader psychology.

The era of AI hype has transitioned into an era of utility. As we move through Q2 2026, the market is no longer rewarding "narrative-only" projects. At WEEX Research, we are seeing a massive capital rotation into Decentralized Compute (DePIN) and Autonomous Agent coordination layers. This guide analyzes which AI tokens are capturing institutional liquidity and how to spot high-conviction setups in a maturing market.

Consumer-grade Crypto Global Survey: Users, Revenue, and Track Distribution

The number of active users of consumer-grade encryption has long reached tens of millions, but it is not in the sight of Silicon Valley and New York.

Prediction Markets Under Bias

Why do authoritative narratives always exclude prediction markets?

Stolen: $290 million, Three Parties Refusing to Acknowledge, Who Should Foot the Bill for the KelpDAO Incident Resolution?

The most dangerous scenario right now is that if ETH suddenly drops, Aave's bad debt could snowball even further.

ASTEROID Pumped 10,000x in Three Days, Is Meme Season Back on Ethereum?

「Space Dog」 Triggers ETH Mainnet Price Surge, Sparking SOL Community Anxiety

ChainCatcher Hong Kong Themed Forum Highlights: Decoding the Growth Engine Under the Integration of Crypto Assets and Smart Economy

The guests unanimously agreed that the understanding of Crypto value is shifting from "issuing tokens for the sake of issuing tokens" to pursuing sustainable business models, with a greater focus on capital efficiency, low costs, and 24-hour settlement, among other practical values.

Why can this institution still grow by 150% when the scale of leading crypto VCs has shrunk significantly?

The merger of the two major payment companies, Bridge and BVNK, establishes their industry position and revenue scale.

Anthropic's $1 trillion, compared to DeepSeek's $100 billion

The capital market has no faith, it only believes in the profit and loss statement.

Geopolitical Risk Persists, Is Bitcoin Becoming a Key Barometer?

Liquidity Still Unleashed, Which Force Will Dictate Pricing

Annualized 11.5%, Wall Street Buzzing: Is MicroStrategy's STRC Bitcoin's Savior or Destroyer?

25M Transaction Volume, 17,204 BTC

An Obscure Open Source AI Tool Alerted on Kelp DAO's $292 million Bug 12 Days Ago

AI Agent could potentially become an additional security layer for DeFi investors.

Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

$600 million stolen in 20 days, ushering in the era of AI hackers in the crypto world

Ethereum's biggest enemy is actually AI hackers

Vitalik's 2026 Hong Kong Web3 Summit Speech: Ethereum's Ultimate Vision as the "World Computer" and Future Roadmap

Ethereum's Two Core Tenets: A "World Computer" + Global Broadcast Channel.

On the same day Aave introduced rsETH, why did Spark decide to exit?

The results of two decision-making philosophies have now been quantified

Morning News | The Hong Kong Securities and Futures Commission announced the regulatory framework for secondary market trading of tokenized investment products; Strategy increased its holdings by 34,164 bitcoins last week; KAIO completed a strategic fi...

Overview of Important Market Events on April 20