#ThanksgivingBTCMoves “Bitcoin whales took advantage” of the crypto market correction earlier this week, accumulating 16,000 BTC.

Much of the $1.5 billion in Bitcoin was scooped up after almost $4 billion in BTC was sent to exchanges at a loss by short-term holders, but other investors, such as day traders and retail, must also join the fray to push the price past $100,000.

From a technical perspective, Bitcoin has managed an immediate recovery above $95,000 after exhibiting a V-pattern from the local low at $90,742.

The most logical scenario for BTC is to retest the $100,000 resistance level. But first, a daily candle close above the overhead resistance at $96,400 is needed.

Ethereum $ETH has outperformed Bitcoin $BTC in open interest, with over $8.9 billion worth of open contracts, compared to Bitcoin’s $6.7 billion and has outperformed Bitcoin in futures yields, signaling potential ETF inflows that may catalyze a rally above $4,000 before Jan. 20.