Key Points
- Bitcoin’s recent rally indicates a structured accumulation phase, led by long-term investors.
- Whales have withdrawn $250 million Bitcoin from exchanges, signaling institutional accumulation and reduced sell pressure.
Bitcoin has recently seen a structured accumulation phase. This phase is led by long-term investors, rather than retail traders. The cryptocurrency has risen from the $70K region, showing more sustainable momentum.
Bitcoin’s Resistance and Accumulation
Bitcoin has broken out of its descending channel, potentially signaling a trend reversal. Currently, it is trading between $76,300 and $87,500, forming an accumulation zone. However, the resistance at $87,500 remains a barrier. A clear break above this level could initiate a move toward $98,000 or even $100,000.
Whales have withdrawn 2,949 BTC, worth nearly $250 million, over four days from exchanges. These movements are not random but indicate deliberate accumulation and reduced supply on exchanges. This activity boosts bullish confidence, especially during consolidation phases.
Market Conditions and Future Predictions
In spite of the inflows, the prices remain stable, indicating that these transfers are not intended for immediate selling. The activity may reflect internal rebalancing or futures-related strategies. Therefore, current market conditions defy the usual narrative of inflows suggesting short-term bearish pressure.
Data shows that 77.52% of holders were in profit at the time of writing, reducing the chances of forced selling. The NVT Golden Cross read -0.73, despite a 21.33% price rise, indicating that the price was near resistance-heavy zones between $86K and $106K.
The Stablecoin Supply Ratio (SSR) increased by 1% to 14.41, affirming available liquidity to back further gains. The price structure remains firm as whales accumulate and inflows shift toward strategic intent. The resistance at $87,500 may act as a final test before bulls reclaim higher ground. If this momentum sustains, a breakout into the $90K–$100K range could soon become a reality.
