$BTC

Bitcoin holds at $102K – Are big funds preparing for the next breakout?

Bitcoin (BTC) is currently trading around $102,000, holding steady after a strong surge in early May. This stability is not coincidental – it comes from the strong accumulation by ETF funds, whale wallets, and investor sentiment gradually shifting from skepticism to distinct optimism.

On-chain data shows that the amount of BTC withdrawn from exchanges continues to steadily increase, while the number of wallets holding over 1 BTC has reached a new high. This indicates that the market is no longer merely a short-term speculative play but is entering a solid long-term accumulation phase.

If BTC surpasses the $105K mark, it could signal the beginning of the next acceleration cycle, leading to a boom in the entire altcoin market.