Bitcoin Eyes $100,000 as Whales Drive Bullish Momentum
The post Bitcoin Eyes $100,000 as Whales Drive Bullish Momentum appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) is up nearly 12% over the past seven days, gaining momentum as it reclaims key technical levels and approaches major resistance zones. The recent price surge has been supported by a slight recovery in the number of Bitcoin whale addresses, hinting at renewed accumulation from large holders. Technical indicators like the Ichimoku Cloud and EMA lines point to a strong uptrend, with bullish formations suggesting continued buyer control. As BTC flirts with the $100,000 mark again, whale activity and chart signals will determine whether this rally has more room to run. Subtle Accumulation: What the Rise in BTC Whales Could Mean The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—has been trying to recover over the past few days, showing subtle but notable movement. There are 2,006 BTC whale addresses, slightly higher than the 2,000 recorded on April 21. The count briefly rose to 2,005 on April 22 before dipping to 2,002 the next day, and now it’s back above that level. While these daily fluctuations may seem minor, they often reflect deeper shifts in sentiment and positioning among some of the largest players in the crypto market. The recent stabilization suggests that accumulation might be picking up again after a period of distribution or hesitation. Bitcoin Whales. Source: Santiment. Tracking whale activity is important because these entities tend to have an outsized influence on market trends. Whether institutional investors, long-term holders, or high-net-worth individuals, whales often act with a level of strategic insight and patience that retail investors can’t always match. Their behavior can signal confidence or caution in the broader market. The number of whale addresses showing a slight upward trend could indicate renewed interest in accumulating Bitcoin at current levels. This might not immediately translate to a sharp price move. Still, it does…
Filed under: News - @ April 25, 2025 8:24 pm