The giant whale swallowed 20 times the daily output in 30 days, and Bitcoin is aiming for 90,000 US dollars!
The price of Bitcoin has broken through the classic bullish reversal pattern and officially entered the outbreak stage, with the target pointing directly at the $90,000 mark. The key driving force is the crazy hoarding of giant whales: in the past 30 days, the cumulative number of Bitcoins held by large addresses is equivalent to 20 times the daily output of miners. This level of accumulation usually indicates strong upward momentum.
What makes this move critical is that it occurred shortly after the halving. The daily new supply of miners has already dropped sharply, and the giant whales are actively purchasing goods at this time, which is equivalent to tightening supply at the source and circulation links. The balance of supply and demand tilts sharply, providing the most solid underlying logic for price surges.
For retail investors, this means that market volatility will be sharply amplified, and opportunities and risks will coexist. When following the trend and chasing the rise, you must do a good job in position management and avoid high-leverage stud. The giant whale pulls the market quickly and fiercely, but it is equally ruthless in smashing the market. It is crucial to choose an exchange with good trading depth and stable risk control. By the way, platforms like CoinRebate can compare the rates of various companies, which can help you save a lot of handling fees when trading on major exchanges such as Binance and OKX, especially in such high-frequency fluctuations.
Sign up for Binance and enjoy 20% fee discount →
This article was edited by CoinRebate AI, data source: CoinTelegraph