The post $110K Price Target in Sight? appeared on BitcoinEthereumNews.com.

Bitcoin’s largest holders are accumulating aggressively while retail investors cash out, fueling speculation of a potential major price jump to a new all-time high (ATH) ahead. According to blockchain analytics firm Santiment, over the last 30 days, wallets holding between 10 and 10,000 BTC have scooped up an additional 83,105 BTC, while smaller retail wallets, with less than 0.1 BTC, have collectively shed 387 BTC  in the same period. Whales Buy the Dip, Retail Sells the Rally Santiment analysts noted clear signs that smaller wallets were taking profits, likely out of fear of a market top, while whales and sharks were doubling down. This stark divergence, especially the large-scale accumulation, led the analysts to suggest that Bitcoin’s next push up may only be “a matter of time” and could see the asset breach the $110,000 level to usher in a new ATH. The prediction is based on growing macroeconomic optimism, after the flagship cryptocurrency soared to $105,800 on May 12 following news of de-escalating trade tensions between the United States and China. The two squabbling nations have agreed to cease tariff hostilities for 90 days, with the U.S. slashing taxes on Chinese imports from 145% to 30% and Beijing bringing down its levies on American-made goods from 125% to 10%. However, while the agreement spurred rallies in global equities and crypto, Santiment urged caution at the time, noting in an earlier post on X that the announcement may only outline a framework deal, not an executed agreement. The experts advised, “Avoid overextending until confirmations are made,” warning of a potential “buy the rumor, sell the news” pullback. Still, institutional confidence remains unshaken. Yesterday, Michael Saylor’s Strategy added 13,390 BTC to its books for $1.34 billion, averaging $99,856 for each. The purchase brings its total holding to 568,840 BTC, worth over…

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Filed under: News - @ May 13, 2025 12:25 pm