Bitcoin's bull run continues, nearing the $100,000 mark supported by activity from whale investors and long-term holders. These entities have accumulated substantial amounts of Bitcoin, providing a bullish signal and the momentum to reach new heights.
Whale addresses have added over 56,000 BTC recently, showcasing confidence from both institutional and retail investors. Such accumulation bolsters Bitcoin's resilience, helping it withstand market corrections.
The LTH NUPL metric remains below the Euphoria threshold, suggesting more growth potential and reinforcing the bullish trend.
Currently, Bitcoin reached an all-time high of $97,864, indicating growing demand and market confidence. Successful price support at this level, alongside continued accumulation, could push Bitcoin past $100,000. However, profit-taking or shifts in whale and LTH positions could trigger a price correction.
