Bitcoin Eyes $90K As Whales Devour 20x Daily BTC Supply In Just 30 Days
Cointelegraph
Bitcoin is targeting $90,000 as whale accumulation hits levels not seen since 2013, supported by technical breakout patterns.Summary
Bitcoin is positioned to reach $90,000 in the coming weeks following a massive accumulation phase by whales, who have added approximately 270,000 BTC to their holdings over the last 30 days. This represents their most aggressive buying spree since 2013, with significant contributions from institutions like MicroStrategy and steady inflows from US spot Bitcoin ETFs. Technical analysis shows that Bitcoin has broken out of a symmetrical triangle pattern, setting a price target near $92,220, provided it can decisively clear resistance at the 200-day exponential moving average.
(Source：Cointelegraph)