Bitcoin Whales Scoop Up 218K BTC in 18 Weeks — $124K Breakout Looms If $113K Holds
Main Idea
Bitcoin whales have accumulated over 218,000 BTC in 18 weeks, signaling strong long-term conviction, while analysts predict a potential surge to $124,000 if key support levels hold.
Key Points
1. Bitcoin whales holding 10–10K BTC have added 218,570 BTC in 18 weeks, now controlling 68.44% of supply.
2. Market analyst Aria Nakamoto notes continued accumulation despite prices near $115K, indicating long-term confidence.
3. Japanese Bitcoin treasury firm Metaplanet recently acquired an additional 463 BTC.
4. Analyst suggests BTC could target $124,000 if it maintains support above $112,000–$113,000.
5. Bitcoin was trading at $114,822 at the time of writing, up 0.4% in 24 hours.
Description
Bitcoin whales have snapped up over 218,000 BTC in just 18 weeks, signaling aggressive accumulation and renewed long-term confidence.
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