As Bitcoin rockets past $94K, traders cheer—but signs of overexcitement are flashing warnings of a possible cooldown.

Bitcoin Soars as Retail Traders Chase $100K Dreams

Bitcoin’s surge above $94,000 this week sent retail enthusiasm into overdrive.
Social media is buzzing with $100K price predictions, but seasoned analysts are warning that too much hype could trigger a short-term correction.

Santiment chimed in on X (formerly Twitter), saying: “$100K could happen—but only once emotions cool.”

This echoed analyst Maksim’s warning that premature bullish calls like “$100K this week” often precede pullbacks.

Santiment’s data shows a spike in retail optimism—typically seen at local market tops, hinting at possible turbulence ahead.

Big Players Are Quietly Buying While Retail Rushes In

Behind the retail frenzy, larger investors are making strategic moves.

Santiment reports that wallets holding between 10 and 10,000 BTC have bought over 19,255 BTC recently, totaling more than 50,000 BTC since late March.

These large players now own over 67% of the circulating Bitcoin supply, historically a bullish indicator.

Bitcoin’s recent 11.2% rally closely tracked this accumulation wave, suggesting that whales continue to bet big on future gains.

In another bullish sign, CryptoQuant shows that Bitcoin outflows from exchanges have hit their highest levels since early 2023, signaling growing long-term holder conviction.

Caution Creeps In as Greed Rises

Despite strong buying pressure, caution is rising across the market.

The Fear & Greed Index hit 72 on April 23—the highest in two months—before dipping to 60 by April 25.
Bitcoin’s price hovered near $93,289, with technicals showing some overextension.

The RSI is at 66.10, near overbought levels, and widening Bollinger Bands suggest increasing volatility.

Bitcoin faces resistance at $95,091 and key support around $87,724.

Markus Thielen of 10x Research remains cautious, pointing out that stablecoin activity hasn’t confirmed the rally’s sustainability yet.

Still, bulls like Michaël van de Poppe predict new all-time highs as ETF inflows remain strong, with Bitcoin spot ETFs adding $2.68 billion last week.

According to ARK Invest, Bitcoin could soar to $300,000—or even $2.4 million—by 2030.

Meanwhile, Bitcoin’s dominance stands at 64.29%, with altcoins struggling to keep pace.
CoinMarketCap’s altcoin season index remains low at 17 out of 100.

While Bitcoin trades securely above its 100-hour SMA around $92,000, it needs to crack the $94,500 resistance to continue its rally. Otherwise, a pullback toward $91,200 could be next.

In closing, Bitcoin’s breakout has triggered fresh optimism but also demands caution as overenthusiastic buying leaves the market vulnerable to short-term swings before the next major push.