Bitcoin whale activity is increasing, BTC price is expected to reach $ 100,000. Analysts say this rise can strengthen long-term confidence in Bitcoin. Technical indicators and the increase in trading volume on centralized exchanges are giving positive signals.$BTC
Bitcoin has surged to $98,120, signaling increased whale activity. In the last 24 hours, six new whale wallets have withdrawn a total of 1,110 BTC from the Binance exchange. This development strengthens the potential for the BTC price to rise to $100,000 in the short term.
According to blockchain analytics platform Lookonchain, large investors began buying heavily when the price of Bitcoin fell to $97,000. The total value of BTC transferred to six new wallets in the last eight hours reached $107.7 million. These transfers show whales’ confidence in the long-term value of Bitcoin.
Additionally, IntoTheBlock data reveals that 60,000 addresses have bought 22,740 BTC above current price levels, while 458,000 addresses have accumulated 344,000 BTC. This suggests that the market is building a solid foundation for a strong rally. Experts say that this heavy accumulation is an indicator of long-term confidence.
Technical indicators also support the upward movement in Bitcoin prices. Analyst Ali Martinez stated that the SuperTrend indicator turned positive and a significant resistance level was broken. "There are favorable conditions for a big move today," Martinez said.
Bitcoin has quickly recovered from its intraday low of $95,788. Currently, BTC is trading at $98,650, up 0.60%. Also, the increasing trading volume on centralized exchanges suggests that the bullish influence on the market is strengthening.
MicroStrategy is expected to make new Bitcoin purchases with convertible bonds last week. The move could push Bitcoin’s total market value closer to $2 trillion. Meanwhile, the rally in GameFi and Metaverse tokens continues to attract investors’ attention.
This intensity of Bitcoin whale activity is also supported by technical indicators and fundamental data. This situation provides important signals about the future price movements of BTC and points to a long-term growth trend for Bitcoin. Investors are watching these developments carefully.