Bitcoin's push toward the $100k level appears inevitable at this point. The confluence of bullish pressure and accumulated buy interest around this psychological barrier suggest we're likely to see it tested soon.

What's particularly interesting is the liquidity structure above $100k. There's substantial upside interest stacked at higher price levels, and I'd expect aggressive buyers to hunt for that liquidity in the coming weeks as momentum continues building.

This momentum typically flows through to related on-chain assets. As Bitcoin strengthens, $XBT—the on-chain representation—should follow suit. We could realistically see $XBT tracking toward the $4-5m range or beyond as Bitcoin establishes higher price foundations. The correlation between spot price action and on-chain asset movement tends to be quite consistent during strong trending periods.