Bitcoin Price On Path to $100K Again as More Whales Move BTC To Cold Off Exchanges: Analysis – CryptoMode
The data suggest that the price of bitcoin prices in April 2025 is not exactly driven by the hype, or investors looking for alternative ownership while claiming the US dollar is falling. Most are driven by accumulation. Quiet, calculated, and excessive by whales.
Last week, as Bitcoin dropped $ 94,000, long-term holders offloaded $ 343.7 million in revenue. That's the headline sale event. But after a while, the aggressive rearness of the biggest ecosystem players began.
In addition, Alí Martinez, a popular crypto analyst, told his 130K followers+ how the miners raised 943 Bitcoins, around $ 850 million, in April.
But despite strategic, short-term income extraction by some whales, the main trend shows that most whales accumulate bitcoin more aggressive than sale.
The number of whale wallets holding more than 1,000 Bitcoins rose to 2,107 by mid -April, according to data from glassnode. The data shows the whales absorb more than three times the current annual BTC release rate. Moving, purses holding 10,000 to 100,000 BTCs added 19,255 BTCs in the second week of April, pushing their joint handling to a record of 13.47 million BTC.
The top 100 unites with 4.23 million BTC, or 21.6% of the supply. Thirty-two of the whales added 6,800 BTCs between $ 78,000 and $ 82,000-which established a floor structural support. In addition, the exchange whale ratio – which measures the size of large transactions associated with the total volume of exchange – confirms the trend. It was cratered below 0.3 of April 23, according to Data from the cryptoquant.
For the context, it approached near 0.65 in late March. This collapse indicates a sharp release of institutions from active trading and a move to the order driven by retail. The ratio slipping below 0.4 after April 15 marked the end of the distribution and the onset of positioning.
Can Bitcoin get $ 100k?
Bitcoin boarded $ 20,000 higher in April, which fell $ 94,400 on April 27, as reported by Cryptomode. Many have moved on to major exchanges. In Coinbase, the BTC/USD premium has been firing positive -a sign of the US -updated demand. The final cover was lost when “Spoofy the Whale” disappeared, removing the $ 90,000 fight wall on April 23.
However, in order for Bitcoin to restore and defeat the $ 100K psychological barrier, it must maintain the support of $ 89K, according to analysts. This is a level where the 12-day EMA and the 200-day SMA are sitting at present. It seems that all the indicators are bullish, and the volumes of the spots in the exchanges are green.
Bitcoin is currently trading for $ 94K, a 7% increase in the last week, as per coingecko data.
Short squeeze of squeeze forms. Falling on sale pressure, replacing exchange of exchange, and massive grounded bids means any excessive excessive excess.
