Bitcoin News

Will Bitcoin Hit $100K Today On Massive BTC Whale Accumulation?

Bitcoin whales buy the dips to $95,788 leading to a surge as BTC price chart hints that a new all-time high of $100,000 is coming today.
Published by
Will Bitcoin Hit $100K Today On Massive BTC Whale Accumulation?

Highlights

  • Bitcoin whale activity surged as six new wallets collectively withdrew 1,110 BTC (worth $107.7M) from Binance.
  • Over 458,000 addresses have amassed 344,000 BTC, creating a strong foundation for further price momentum.
  • Bitcoin's SuperTrend indicator flipped bullish, breaking a key resistance trendline.

Bitcoin whale activity has been on the rise in the last 24 hours, which suggests that upward pressure for the BTC price rally to $100K could be coming today itself. In the past few hours, 6 new whale wallets have withdrawn over 1,110 Bitcoins from crypto exchange Binance.

Advertisement

Bitcoin Whales Accumulate the Dips

As per blockchain analytics platform Lookonchain, large investors and Bitcoin whales have started accumulating BTC in the last few years amid the BTC price pullback to $97000.

In the past eight hours, six newly created wallets collectively withdrew 1,110 BTC, valued at approximately $107.7 million, from the Binance exchange. This activity suggests a growing confidence among major holders in Bitcoin’s long-term prospects, even as market volatility persists.

Additionally, data from IntoTheBlock shows that 60,000 addresses have purchased 22,740 BTC above the current price. An impressive 458,000 addresses have accumulated a massive 344,000 BTC, creating a robust base for a potential upward move. This strong backing could serve as a catalyst for Bitcoin’s next major price surge.

Courtesy: IntotheBlock

However, crypto analyst Ali Martinez noted that long-term holders are showing signs of “greed”. Historically, such behavior has preceded market tops, with similar trends suggesting an 8-11 month timeline for Bitcoin to reach a peak.

If the pattern repeats, projections indicate a potential market top for Bitcoin between June and September 2025, noted Martinez.

Courtesy: Ali Charts
Advertisement

BTC Price to $100K Today?

The BTC price continues to show strength on the technical chart. From the intraday low of $95,788, Bitcoin has bounced back once again. As of press time, the Bitcoin price is trading 0.60% up at $98,650 with a market cap of $1.95 trillion.

Crypto analyst Ali Martinez highlights a bullish signal for Bitcoin (BTC), as the SuperTrend indicator turns positive on the hourly chart amid the ongoing Bitcoin whale activity. This shift comes as Bitcoin breaks through a critical resistance trendline, accompanied by a strengthening Relative Strength Index (RSI).

Martinez suggests these developments could set the stage for a major price surge, potentially marking the long-awaited move toward $100,000. “Today could be the day!” the analyst noted.

Also, the crypto trading activity on centralized exchanges has shot up significantly suggesting very strong bullish sentiment. 10x Research noted that unlike the speculative frenzy in March, which saw a single-day retail trading peak of $16.2 billion in Korea, the current market is witnessing sustained high volumes over multiple consecutive days. This suggests a more prolonged and robust trading interest.

Furthermore, MicroStrategy is driving major trading in the Bitcoin industrial complex with over $130 billion in trading volumes last week. Market analysts predict a fresh $3 billion Bitcoin purchase on Monday after the firm raised this money through convertible notes last week.

While Bitcoin and the rest of the crypto market enter a phase of consolidation, GameFi and Metaverse tokens have taken charge of the rally.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand

Derivatives exchange CME Group has announced plans to begin offering 247/7  crypto futures and options…

October 2, 2025
  • Bitcoin News

Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months

Banking giant Citigroup has revised its Bitcoin prediction to $231,000 in the next 12 months,…

October 2, 2025
  • 24/7 Cryptocurrency News

Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”

The Ethereum price and BMNR stock have recorded modest gains thanks to BitMine’s recent $1…

October 2, 2025
  • 24/7 Cryptocurrency News

ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?

In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following…

October 2, 2025
  • 24/7 Cryptocurrency News

Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle

Avalanche Treasury Co., in partnership with Mountain Lake Acquisition Corp., has unveiled a $675 million…

October 2, 2025
  • 24/7 Cryptocurrency News

Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…

October 2, 2025