Bitcoin Whales Are Stacking Hard While Small Fish Flee - Is $100K Next?

On-Chain Data Shows Long-Term Holders Doubling Down

Holy whale sightings, Batman! The big Bitcoin players are quietly gobbling up coins like it's an all-you-can-eat buffet, while retail traders are selling off like they're bailing out of a sinking ship. On-chain data straight from the crypto detectives at Santiment, dropped on X just days ago, reveals that wallets holding between 10 and 10,000 BTC have added a whopping 81,000 more coins to their stash over the last six weeks. That's a tasty 0.61% increase, folks. Meanwhile, the little guys with less than 0.1 BTC? They've been dumping 290 BTC like it's hot.

🐳 Brace yourselves, Bitcoin believers, because the big dogs are barking up the right tree for a $100K BTC party! Those 10-10K BTC wallets, the ones that dance to the beat of the market's heart, have been hoarding a mind-blowing 81,338 more coins. It's like they know something we don't...

Silent Accumulation Often Precedes Major Moves

This ain't no new story, my friends. When the little fish panic-sell and the whales go on a buying spree, it's usually a sign that the market's got some serious support. These quiet accumulation periods? They're like the calm before the storm, often leading to some wild price action.

Right now, Bitcoin's up 2.4% in the last 24 hours, strutting its stuff at $96,733. And guess what's been pumping up the positive vibes? A massive $5.1 billion in inflows to Bitcoin ETFs since mid-April, according to Santiment. While we all wait for the next big bang, these funds are keeping the prices propped up with their steady buying power.

Corporate Buyers and Crypto-Friendly Policies Add Fuel to the Fire

But wait, there's more! Corporate buyers are also jumping on the Bitcoin bandwagon, beefing up their reserves like there's no tomorrow. The brainiacs at brokerage firm Bernstein are calling it - they predict that corporate Bitcoin buying could hit a staggering $330 billion by 2029. And get this: the biggest public holder, Strategy, could be sitting on a cool $124 billion of that pie.

And if that's not enough to get your crypto heart racing, the U.S. just dropped a pro-crypto bombshell, thanks to Trump's crypto-friendly crew. New Hampshire became the first state to say, "Hell yeah, let's invest in digital assets like Bitcoin!" A new law signed just days ago could kickstart a domino effect, with other states following suit and opening the floodgates for more government adoption.

Breakout on the Horizon as Bitcoin Surges 30% Since April

Despite the world freaking out about interest rates and trade tensions, Bitcoin's been on a tear, up about 30% since its early April lows. And get this - the Bollinger Bands on the Bitcoin chart are tightening up like a vice grip. That's a technical indicator that often screams, "Get ready for a big move, people!"

So, is the road to $100,000 paved with whale-sized purchases, ETF billions, and pro-crypto legislation? You bet your sweet Bitcoin it is! Buckle up, crypto fans, because this ride is just getting started!