Bitcoin Whale Accummulation Soars – is $100,000 Milestone Imminent?

Recent data reveals heightened Bitcoin whale activity, signaling potential upward momentum toward the much-anticipated $100K price milestone.

Over the past 24 hours, six newly created wallets collectively withdrew 1,110 BTC, valued at around $107.7 million, from Binance, according to blockchain analytics platform Lookonchain. This accumulation during a market pullback reflects growing confidence in Bitcoin’s long-term prospects.

Additional insights from IntoTheBlock show strong support levels, with 60,000 addresses purchasing 22,740 BTC above the current price and another 458,000 addresses holding a substantial 344,000 BTC. This firm base could act as a springboard for Bitcoin’s next major rally. Additionally Michael Saylor’s MicroStrategy just announced another acquisition of 55,500 BTC worth $5.4 billion. This comes a week after the firm bought Bitcoin worth $4.6 billion – this brings the total purchase to $10 billion in 7 days.

However, crypto analyst Ali Martinez has noted caution, highlighting signs of “greed” among long-term holders—a pattern often seen ahead of market peaks. Martinez predicts Bitcoin could hit its next top between June and September 2025 if historical trends persist.

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On the technical front, Martinez pointed to the SuperTrend indicator flipping bullish on the hourly chart and Bitcoin breaking through a key resistance trendline. Combined with a strengthening Relative Strength Index (RSI), these factors could pave the way for a substantial price surge. The analyst suggested that a significant move might be imminent.

Kosta Gushterov