The flagship crypto asset Bitcoin (BTC) is back in the limelight this week with 11.2% gains to reorder the crypto market sentiment from extreme fear back to greed in a few days. As retail storms in to get a piece of Bitcoin (BTC), the biggest indication of sustainability underlies the analysis of crypto whale behavior.
Bitcoin Whales Gulp Nearly $2B Worth Of BTC
According to blockchain intelligence platform Santiment, the current rally is largely driven by the activity of crypto sharks & whales. To illustrate, the crypto whales, otherwise known as large investors, holding from 10 to 10K Bitcoins (BTC) have further increased their digital wealth by 19,255 Bitcoin (BTC) in a time span of four days.
Amid these events, the whale’s confidence is now reflecting on Bitcoinโs (BTC) price, soaring past $94,000 on Friday afternoon. The digital gold-dubbed crypto is up 48% in yearly terms, still facing a 13.9% distance from its all-time high, picked up on January 20, 2025 at $108,786, according to CoinGecko.
FOMO Obstructing Bitcoin Price From $100K?
Even though the $100,000 Bitcoin price mark is not obtained yet, the sudden positive shift in crypto market sentiment resulted in FOMO, an abbreviation for fear of missing out. This could apply buying pressure for Bitcoin (BTC), but thereโs also a high risk of unsustainable bull rallies.
โThis crowd reaction typically leads to topsโ, – asserts the specialists at Santiment, adding that the $100K Bitcoin price goal is not likely to come before the rocket emojis stop circling around social media channels.
With the global tariff trade beef on hold for 90 days, the euphoria across stock & crypto markets. On top of that, no huge sell walls are to be stumbled upon for BTC to $100K, as 92% of holders are making a profit at the current price range, according to IntoTheBlock.
On The Flipside
- Real-time data from Derivatives markets shows a different side to the 11.2% uptick, as $14.20 million long leveraged Bitcoin price positions were wiped out.
- Out of a $44.54 million total, $30.35 million were short-selling BTC positions, leaving the rest for over-leveraged BTC bulls expecting a drastic upswing.ย
Why This Matters
Market psychology can be tricky, but sustainable BTC rallies are often driven by support from both retail & institutional investment. Large investors, including major brands in the financial field like Blackrock, Grayscale, Tesla, MicroStrategy have expressed interest in holding Bitcoin as a long-term investment vehicle.
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