Bitcoin Whales Buy as BTC Heads Back to $100,000

Over the past week, the Bitcoin (BTC) market has shown renewed enthusiasm with a price increase of nearly 12%.

This movement is not just a fleeting trend, but is backed by accumulation activity from whales—large-scale Bitcoin holders who often serve as key indicators of market sentiment.

The return of whale wallet buying activity, though gradual and subtle, signals that major investors’ confidence in Bitcoin is starting to recover.

With Bitcoin slowly approaching critical resistance levels, the path toward US$100,000 appears increasingly open.

Accumulation Movement: The Silent Language of Whales

Based on information we quoted from Beincrypto, the latest data reveals that the number of Bitcoin whale wallets—accounts holding between 1,000 and 10,000 BTC—has started to increase again.

From 2,000 wallets on April 21, the number rose to 2,005 and has remained stable above 2,006 in recent days.

At first glance, this change might seem minor. However, in the crypto world, whale movements are rarely coincidental.

Large-scale accumulation often signals deep conviction about the market’s long-term prospects.

With the stability in the number of large wallets, there is a strong indication that the phase of distribution or uncertainty has shifted into a new accumulation phase.

Whales, who can range from institutional investors to high-net-worth individuals, typically act based on long-term strategies.

Their activity now serves as a new foundation strengthening market structure, reducing selling pressure, and paving the way for the next bullish trend.

Strengthening Technical Indicators: Ichimoku and EMA Support the Rally

Technically, bullish signals are also becoming clearer. The Bitcoin Ichimoku Cloud chart shows a strong bullish formation, with Bitcoin’s price moving above the cloud, typically signaling a continuation of upward momentum.

Meanwhile, the movement of the EMA (Exponential Moving Average) lines reinforces this optimistic outlook.

The EMA confirms that buyer strength remains dominant, creating dynamic support that keeps the price moving within an upward trend.

However, one major challenge must be watched: BTC needs to maintain the support level around US$92,920.

If this support holds, Bitcoin has a strong chance of continuing its rally toward the psychological barrier at US$100,000.

Conversely, failure to maintain this support could open the risk of a bearish reversal that threatens the positive trend that has been established.

Conclusion: Eyeing the US$100,000 Target with Optimism

With whale accumulation slow but consistent, and supported by strengthening technical signals, Bitcoin appears ready to continue its journey toward US$100,000.

Although volatility remains a challenge, the current market strength suggests that major investors have once again placed their trust in Bitcoin’s long-term prospects.

Now, all eyes are on whether this momentum can endure—and propel Bitcoin to a long-anticipated new record high.