Bitcoin Whale Accumulation Signals BTC Price Hitting $100K Today
Bitcoin whale activity has been on the rise in the last 24 hours, which suggests that upward pressure for the BTC price rally to $100K could be coming today itself. In the past few hours, 6 new whale wallets have withdrawn over 1,110 Bitcoins from crypto exchange Binance.
Bitcoin Whales Accumulate the DipsAs per blockchain analytics platform Lookonchain, large investors and Bitcoin whales have started accumulating BTC in the last few years amid the BTC price pullback to $97000.
In the past eight hours, six newly created wallets collectively withdrew 1,110 BTC, valued at approximately $107.7 million, from the Binance exchange. This activity suggests a growing confidence among major holders in Bitcoin’s long-term prospects, even as market volatility persists.
Additionally, data from IntoTheBlock shows that 60,000 addresses have purchased 22,740 BTC above the current price. An impressive 458,000 addresses have accumulated a massive 344,000 BTC, creating a robust base for a potential upward move. This strong backing could serve as a catalyst for Bitcoin’s next major price surge.
However, crypto analyst Ali Martinez noted that long-term holders are showing signs of “greed”. Historically, such behavior has preceded market tops, with similar trends suggesting an 8-11 month timeline for Bitcoin to reach a peak.
If the pattern repeats, projections indicate a potential market top for Bitcoin between June and September 2025, noted Martinez.
BTC Price to $100K Today?
The BTC price continues to show strength on the technical chart. From the intraday low of $95,788, Bitcoin has bounced back once again. As of press time, the Bitcoin price is trading 0.60% up 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 the ongoing Bitcoin whale activity.
