Whales accumulate $1.5 billion in just one day, is Bitcoin ready to hit $100k?

Bitcoin whales have accumulated a large amount of assets recently, specifically 16,000 BTC, worth about $1.5 billion in just one day. This action comes amid a vibrant cryptocurrency market, with whales increasing their Bitcoin hoarding, raising hopes that the price of Bitcoin could reach $100,000 in the near future. Currently, Bitcoin is trading around $96,000 after recovering from a low of $90,000.

There are many factors supporting Bitcoin's growth, such as tight monetary policy and its censorship resistance. This is leading more and more investors to view Bitcoin as less risky and shift their investments into this scarce asset to preserve their wealth. Therefore, Bitcoin hitting the $100,000 mark in the near future could become a reality based on the strong hoarding trends of whales in the market.