Bitcoin Whales Still Determined, $3.96 Billion BTC Gobbled Up In 96 Hours

Bitcoin is in the spotlight as traders expect a break over $100,000. This expectation has boosted activity, particularly among Bitcoin whales. As expectation builds, Bitcoin whales are making strong statements, with on-chain statistics showing over 40,000 BTC accumulated in 96 hours.

This intriguing accumulation corresponds with the Bitcoin price hitting $99,645 in the previous 24 hours, supporting the idea of a price milestone.

Examining Bitcoin Whale Holdings

Bitcoin whales are in the limelight because to price fluctuations. Famous cryptocurrency expert Ali Martinez saw Bitcoin whale behavior on social media network X.

Analysts used Santiment data to show that Bitcoin whales acquired over 40,000 BTC worth $3.96 billion in 96 hours. Santiment's Bitcoin whales are addresses with 100–1,000 BTC.


This rapid acquisition comes as Bitcoin prices hit $100,000, a crucial level. Whale activity limits Bitcoin supply on the open market, which drives up Bitcoin prices.

On-chain data from Glassnode reveals long-term investors have increased profit-taking with whale buildup. Over 128,000 BTC have been sold by long-term holders since early October.

Long-term holder profit taking has been countered by US Spot Bitcoin ETF demand. These ETFs have balanced out long-term Bitcoin sales by absorbing over 90%.

Long-term holders may be switching from self-custody to Spot Bitcoin ETFs for regulatory certainty. According to SoSoValue, US Spot Bitcoin ETFs had consecutive days of inflows last week, totaling $3.38 billion, the highest weekly inflow since their introduction in January 2024.

Bitcoin will likely break $100,000 in the coming days. What occurs thereafter is unknown. Following the breach over $100,000, crypto researcher Tony Severino predicts the Bitcoin price top might double in two weeks to two months.This forecast is based on Bitcoin's behavior after breaking $10,000 in 2017.

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