Bitcoin Whales Double Holdings to Keep BTC Above $100K
CryptoQuant analysts report that Bitcoin whales have doubled their BTC holdings in recent weeks. Wallets holding over 10,000 BTC saw the largest growth, indicating strong long-term investor confidence. This surge in BTC holdings has helped keep BTC trading above $100,000, providing structural support to the market uptrend. Seasonal factors and expectations of looser US monetary policy are expected to further drive this trend. Institutional investors now view Bitcoin as a long-term reserve asset, reducing selling pressure, boosting market liquidity and limiting price volatility. CryptoQuant predicts BTC could test the $110,000–$120,000 range in the medium term. However, analysts warn short-term profit-taking may cause temporary pullbacks. Traders should monitor Bitcoin whales’ activity and macro indicators for optimal entry and exit strategies.
Bullish
The doubling of BTC holdings by Bitcoin whales signals strong accumulation and sustained demand, reducing selling pressure. Combined with institutional adoption and positive macro factors like expected looser US monetary policy, this creates structural support for higher prices. Historically, significant whale accumulation has preceded major bullish rallies. While short-term profit-taking may cause dips, the overall trend is bullish, likely pushing BTC toward $110K–$120K in the medium term.