45 Days Over $100k
Happy Bitcoin Friday! — Jun. 6, 2025
45 Days Over $100k
Bitcoin first crossed $100,000 late last year — and as of today, it’s traded above that level for 45 days total. Zoom out and that’s just 0.75% of its lifetime.
In other words, for 99.25% of Bitcoin’s existence, it’s been priced below $100K.
Even in this cycle, where institutional interest has exploded and Bitcoin ETFs are live in the U.S., the six-figure club is still new territory. We’re still testing what $100,000 really means.
$100K: Still a Psychological Magnet
Round numbers matter. $100,000 isn’t just another price level — it’s a psychological milestone.
For some, it’s a validation of the thesis that Bitcoin is here to stay.
For others, it’s a red flag signaling it’s "too late."
For traders, it’s both resistance and support — a battlefield.
We’ve already seen price flirt with this number, dip below, and surge back. Prices went as low as $75,000 in April before rallying back. $100,000 is the kind of level that sucks in attention, volume, and narrative. But fundamentally, it’s just a waypoint.
The longer we see bitcoin trading above or near $100,000 the more people get used to it—it’s called acclimatization. It’s also a bit boring… in a good way. I talked about how amazing it is that bitcoin is at all-time highs and it’s still a relatively unknown asset to most people on the planet.
BTC Dominance
BTC Dominance is one of the three metrics I watch most when it comes to bitcoin.
Regarding bitcoin dominance:
btc’s share of the crypto market
shows btc vs. crypto interest
provides insight into market cycles
Currently, dominance is 65%.
Bitcoin has pulled away from altcoins markets this past year, surging 18% on the one-year chart. The mid-60% level is also akin to what BTC dominance was after the initial explosion of altcoins in 2016-2017, implying that this dominance level might be something of a baseline for bitcoin.
That’s important because bitcoin has a clear majority of the crypto market and, even with growing interest in other top cryptocurrencies such as stablecoins like USDT or USDC, bitcoin remains the standout with a market cap of more than $2 trillion.
I think dominance maintains this level and slowly grinds up towards 70% by year-end.
At that point, we’ll have reached what is historically the end of the bull market where anything can happen. Enjoy the summer before things get choppy again.
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Enjoy the weekend!
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HODL on Garth.