Bitcoin continues to trade above the critical $100,000 price level, bolstered by steady capital inflows. Long-term holders are seizing the opportunity to capitalize on this liquidity, realizing record profits of $2.1 billion and distributing supply at scale.
Historical patterns from 2017 and 2020 suggest that Bitcoin may follow a predictable trajectory in its current bull run. Analysts anticipate a brief correction at $110,000, a sharper pullback at $125,000, a significant dip at $150,000, and an eventual peak at $220,000, marking the end of the rally.
Whale activity underscores growing market confidence, even amid price pullbacks. Three major whales collectively purchased 1,153 BTC, valued at approximately $120 million. Additionally, large-scale withdrawals from major exchanges signal accumulation by high-net-worth investors:
– Wallet bc1qkv…t44v withdrew 501 BTC ($52.24M) from Bitfinex just 30 minutes ago.
– Wallet bc1pjq…sjpc moved 551.5 BTC ($57.28M) from Binance within the last two hours.
– Wallet 1L7gnf…xeTs withdrew 100 BTC ($10.42M) from Binance an hour ago, bringing its total withdrawals over the past two days to 1,418 BTC ($148.78M).
Institutional interest continues to fuel Bitcoin’s upward trajectory, with spot ETFs playing a pivotal role. On December 17, Bitcoin spot ETFs recorded a net inflow of $494 million, marking 14 consecutive days of positive inflows. Notably, BlackRock’s IBIT ETF saw a single-day inflow of $741 million, reflecting strong investor appetite.
As Bitcoin maintains its momentum, a mix of whale accumulation, institutional investments, and long-term holder activity is driving the market forward. While corrections are expected, the broader outlook remains bullish as the cryptocurrency cements its place above $100K.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: balage941/123RF // Image Effects by Colorcinch
Public companies quietly stepped up their Bitcoin accumulation in March 2026, adding a significant amount…
Deepcoin is stepping into a new direction with its latest move, announcing a partnership with…
Sui Network’s native token, $SUI, is making a move beyond its home turf. Through a…
Core Foundation has just announced a new partnership with Z Protocol, and it’s already getting…
Binance Wallet is quietly stepping into one of crypto’s fastest-growing sectors, prediction markets. According to…
As concerns around quantum computing and crypto security continue to build, Changpeng Zhao is stepping…