Big Bets on Bitcoin: $3.2 Billion in Inflows and Whale Accumulation Indicates a Breakout Worth $106,000

Bitcoin

BTCUSD

is set to reach significant price milestones in 2025, supported by optimistic forecasts from Matrixport, Willy Woo, and other institutions.

Backed by ETFs and a positive market sentiment, Bitcoin is considered a speculative asset and a promising long-term investment option. However, if profitable supply exceeds 90%, the market should remain cautious of potential corrections.

Many positive on-chain metrics

The Bitcoin market shows encouraging signs as supply on centralized exchanges (CEX) has dropped to its lowest level in 7 years. According to data from CryptoQuant, only about 2.492 million BTC remain on exchanges. This is a sharp decline from 2.488 million BTC recorded the previous Friday....