{"id":45090,"date":"2025-02-17T07:00:17","date_gmt":"2025-02-17T07:00:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=45090"},"modified":"2025-02-17T07:00:17","modified_gmt":"2025-02-17T07:00:17","slug":"bitcoin-whales-accumulate-will-this-push-btc-toward-100k","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=45090","title":{"rendered":"Bitcoin Whales Accumulate\u2014Will This Push BTC Toward $100K?"},"content":{"rendered":"

Changing macroeconomic conditions and big investment activity are driving Bitcoin near the crucial $97,000 resistance point. Currently selling at about $96,209<\/a>, the most valuable cryptocurrency is causing both expectation and concern as market players await a breakthrough.<\/p>\n

Whale Accumulation Signals Strong Confidence<\/h2>\n

Whales aren\u2019t sitting on the sidelines. From Binance, at an average price of $96,400, a freshly approved wallet recently pulled out 568 BTC, or around $55 million<\/a>, data from Spot On Chain shows. These high-value withdrawals frequently indicate long-term trust as investors migrate their money from exchanges to safe custody.<\/p>\n

Past whale behavior has also hinted notable price fluctuations. If this pace of accumulation keeps on, it may suggest a significant increase reaching $99,500. The question now is whether or not retail investors will adopt this approach.<\/p>\n

Fresh #Bitcoin<\/a> Accumulation Spotted!<\/p>\n

A newly created wallet (4 days old) has already withdrawn 568.74 $BTC<\/a> from #Binance<\/a> at an average price of $96,769 (est. cost: ~$55.04M).<\/p>\n

Is this a bullish signal for $BTC<\/a>? Follow @spotonchain<\/a> and track this whale live at\u2026 pic.twitter.com\/dnRZl8Yok8<\/a><\/p>\n

\u2014 Spot On Chain (@spotonchain) February 17, 2025<\/a><\/p>\n\n

Sluggish Greenback Could Give Bitcoin A Boost<\/h2>\n

Meanwhile, the US Dollar Index (DXY) starts to show signs of weakness, according to a crypto analyst. On its MACD<\/a> (Moving Average Convergence Divergence), an adverse crossover suggests that the dollar<\/a> could be losing strength. Based on historical figures, Bitcoin tends to perform well when the US currency weakens, as investors look for alternative stores of value.<\/p>\n

Should the DXY downswing persist, it might provide BTC the required impetus to exceed the $97,000 barrier and seek new highs. Still, the strong comeback of the dollar could perhaps slow down Bitcoin\u2019s movement, therefore preserving it within its current trading range.<\/p>\n

Price Consolidation Before The Next Big Move<\/p>\n

Bitcoin continues to be in a consolidation phase, despite the euphoric sentiment. The resistance at $97,000 has been a significant obstacle, obstructing a straightforward breakout. Traders are currently monitoring whether the flagship crypto<\/a> can maintain upward momentum or if another rejection will result in a return to lower support levels.<\/p>\n

On-chain data indicates that there is a tug-of-war between customers and sellers. Some short-term speculators may be taking profits, which could be contributing to the market\u2019s volatility, while whales continue to accumulate. A decisive move above $99,500 could attract additional purchasers, while a failure to break through may result in another decline.<\/p>\n

The Road Ahead For Bitcoin<\/p>\n

The charts are the sole focus of attention. The next psychological target could be $100,000 if BTC surpasses $97,000, a level that would reignite mainstream enthusiasm. In contrast, Bitcoin may retreat to support levels around $95,000 before attempting another rally if resistance remains robust.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Changing macroeconomic conditions and big investment activity are driving Bitcoin near the crucial $97,000 resistance point. Currently selling at about $96,209, the most valuable cryptocurrency is causing both expectation and concern as market players await a breakthrough. Whale Accumulation Signals Strong Confidence Whales aren\u2019t sitting on the sidelines. From Binance, at an average price of […]<\/p>\n","protected":false},"author":0,"featured_media":45091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-45090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/45090"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45090"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/45090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/45091"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}