Bitcoin Whale Accumulation Signals BTC Price Hitting $100K Today
Summary
- Bitcoin whale activity surged as six new wallets collectively withdrew 1,110 BTC (worth $107.7M) from Binance.
- Over 458,000 addresses amassed 344,000 BTC, building a strong foundation for further price momentum.
- Bitcoin’s SuperTrend indicator flipped bullish, breaking a key resistance trendline.
Bitcoin whale activity has increased in the last 24 hours, suggesting that upward pressure for the BTC price rally to $100K could emerge today. In the past few hours, 6 new whale wallets have withdrawn over 1,110 Bitcoins from the crypto exchange Binance.
Bitcoin whales are accumulating the dips
Blockchain analytics platform Lookonchain reports that large investors and Bitcoin whales have started accumulating BTC in the last few years as the BTC price pulled back to $97,000.
In the past eight hours, six newly created wallets have collectively withdrawn 1,110 BTC, valued at approximately $107.7 million, from the Binance exchange. This activity suggests that major holders are growing more confident in Bitcoin’s long-term prospects, despite ongoing market volatility.
Additionally, data from IntoTheBlock reveals that 60,000 addresses have purchased 22,740 BTC above the current price. An impressive 458,000 addresses have accumulated a total of 344,000 BTC, creating a solid foundation for a potential upward move. This strong support could act as a catalyst for Bitcoin’s next major price surge.
However, crypto analyst Ali Martinez observed that long-term holders are displaying signs of “greed.” Historically, such behavior has often preceded market tops, with similar trends suggesting an 8-11 month timeline for Bitcoin to reach its peak.
If the pattern holds, Martinez projects that Bitcoin could reach its market top between June and September 2025.
Could BTC Price Reach $100K Today?
The BTC price continues to show strength on the technical chart. After bouncing back from the intraday low of $95,788, Bitcoin is now trading 0.60% higher at $98,650, with a market cap of $1.95 trillion.
Crypto analyst Ali Martinez highlights a bullish signal for Bitcoin (BTC) as the SuperTrend indicator turns positive on the hourly chart amid ongoing Bitcoin whale activity. This shift comes as Bitcoin breaks through a critical resistance trendline, along with a strengthening Relative Strength Index (RSI).
Martinez suggests that these developments could set the stage for a major price surge, potentially marking the long-awaited move toward $100,000. “Today could be the day!” the analyst stated.
Crypto trading activity on centralized exchanges has surged significantly, indicating strong bullish sentiment. 10x Research noted that, unlike the speculative frenzy in March, which saw a single-day retail trading peak of $16.2 billion in Korea, the current market is experiencing sustained high volumes over several consecutive days. This suggests more prolonged and robust trading interest.
Moreover, MicroStrategy is driving major trading in the Bitcoin industrial complex, with over $130 billion in trading volumes last week. Market analysts predict a fresh $3 billion Bitcoin purchase on Monday after the firm raised this amount through convertible notes last week.
While Bitcoin and the rest of the crypto market enter a phase of consolidation, GameFi and Metaverse tokens are leading the rally.
