Bitcoin Price On the Verge of $125,000 Breakout, But Theres A Catch

The post showed a chart with the sharp price increase and noted that this marked the highest euro value Bitcoin has ever recorded.

Notably, the move came after weeks of steady gains. It also triggered fresh discussions about whether Bitcoin could soon cross the $125,000 mark in US dollars.

Though the price milestone was a strong sign of interest from buyers, on-chain data suggests the broader market is not yet in a full rally mode.

CryptoQuant published an analysis looking at the gap between spot and perpetual futures prices on Binance.

Bitcoin Perpetual Analysis | Source: CryptoQuant

Per the analysis, that gap remained negative. This suggests that the spot price was higher than the derivatives price.

This detail is essential because, in previous cycles, Bitcoin tended to enter strong upward trends only after this gap flipped to positive.

When that happens, it usually means more traders are getting involved through leverage, which often pushes prices up more quickly.

As of now, that has not happened, but the gap is closing, which hints that market sentiment is changing.

Investors Share Different Views as Prices Skyrockets

In a recent development, investor Robert Kiyosaki also weighed in on the price surge.

In his latest post on X, he confirmed that Bitcoin price is over $120,000 and said he was buying one more coin.

At the same time, he warned that he would not keep buying without knowing where the broader economy was heading.

He advised those who had not yet bought Bitcoin to consider starting small, even with just a Satoshi, a fraction of the coin.

Robert Kiyosaki on Bitcoin Price | Source: X

Kiyosaki compared the current momentum to past market shifts and referenced Warren Buffetts move to hold large amounts of cash.

It is important to note that his message embodies a cautious yet prepared approach.

This kind of sentiment is not unusual. Many investors who believe in Bitcoin long-term still prefer to wait for clearer signals before making big moves.

Some want to see how the economy settles before adding more risk to their portfolios.

What Comes Next Will Depend on Market Signals

While Bitcoins euro performance gave bulls something to cheer about, the US dollar value has not yet broken through $125,000.

The key indicators that usually support stronger uptrends, like rising interest in leveraged trades, have not fully appeared yet.

Experts believe that the narrowing gap between spot and perpetual prices shows that confidence is returning.

However, it is still too early to say whether this will lead to a whole rally. If the gap flips positive, traders expect a stronger and faster climb.

For now, Bitcoin is holding onto its gains, and many are watching to see what happens next.

As of writing, CoinMarketCap data shows that Bitcoin price was trading at $121,769.90, up by 12.15% in the last 7 days.

With a few more signs of buying pressure and rising momentum in derivatives, more breakout could come. However, until then, the market remains in a wait-and-see mode.