#BTCBackto100K Bitcoin just surged past $103K, putting 99% of holders in profit.

Only 0.996% of addresses remain underwater—an impressive indicator of internal market strength.

But here’s the catch:

• One whale who leveraged 40x at $94K is now sitting on $2.8M in unrealized gains

• However, whales holding 1,000+ BTC aren’t aggressively buying above $100K

• The lack of major accumulation suggests a tone of cautious optimism

• Big players seem to be waiting for clearer confirmation before going all-in again