Bitcoin whales strengthen their positions - Can the $100,000 mark fall?

The latest on-chain data indicate a remarkable shift in the Bitcoin market: institutional and wealthy investors are currently accumulating on a large scale. This movement manifests in an absorption effect that has significantly increased capital flows from exchanges.

Chain Data Speak a Clear Language

Exchange outflows have become a dominant trend, while self-custody is also increasing. This is a classic sign that larger market participants are decentralizing their holdings and signaling that they expect a longer-term upward trend. The absorption rate has broken through the 300% mark — an indicator that has often correlated with bullish phases in the past.

Technical Formation Promises Breakthrough

The descending wedge pattern on the Bitcoin chart, which had formed over several weeks, has now been broken. Technical analysts see this breakout as having the potential for a significant rise. The primary price target for this movement is the psychological level of 100,000 USD.

With the current price at $91.33K and a 24-hour performance of +1.38%, Bitcoin already seems to be gaining momentum. The gap to the round number is gradually decreasing, which typically leads to accelerated upward movements in a bull market.

What Wale Accumulation Means

When large investors are massively accumulating Bitcoin at this phase, it indicates that they view the fundamental outlook as positive in the long term. Such phases are often seen as a precursor to subsequent rallies, as these players can later act as liquidity anchors.

The combination of technical signals, chain data, and institutional behavior thus creates a bullish triangle for Bitcoin. However, investors should keep in mind that forecasts are never guaranteed, and volatility in the crypto market can remain significant.