Bitcoin whale wallets surged by 2,500, adding 240,000 BTC since late 2024, driving prices near $114K amid rising institutional demand.
Ichimoku indicators signal sustained bullish momentum as BTC maintains support above $102K, with strong resistance near $ 120 K.
Reduced exchange liquidity reflects long-term confidence, while minor pullbacks respect cloud thresholds, keeping Bitcoin's uptrend intact.
Bitcoin’s recent price rally aligns closely with a steep rise in whale wallet accumulation, hinting at strong institutional demand. Technical charts and accumulation data now converge to support continued upside momentum for BTC.
Whale Wallet Accumulation Signals Institutional Demand
In January 2023, there were 16,000 Bitcoin addresses with more than 100 Bitcoin; by May 2025, that number had increased to 18,500. Similar to a strong breakout from below $20,000 to nearly $114,000, its rise accelerated after October 2024. Whales reduced exchange liquidity during periods of instability by absorbing supply and locking in huge positions.
Source: X
Bitcoin began to reclaim major resistance in late 2024. The flat growth in whale addresses during 2023 reversed sharply, with over 2,500 new large wallets formed between December and May. These addresses collectively accumulated 240,000 BTC, indicating confident positioning ahead of key price milestones.
Meanwhile, BTC moved steadily toward $100,000, with reduced exchange balances suggesting diminished short-term selling pressure. This correlation between rising whale holdings and price gains reflects a market increasingly driven by long-term conviction. As accumulation intensified, every dip became shallower, further validating the bullish tone.
However, questions now focus on continuation: Can Bitcoin sustain this rally with whale demand tapering, or will supply shocks reappear? The next breakout zone lies around $120,000, where resistance could trigger hesitation if spot demand wanes.
Ichimoku Cloud Structure Maintains Bullish Integrity
Observing price action, BTC remains well above the Tenkan-sen and Kijun-sen thresholds on the daily chart. The cloud structure remains bullish, with Senkou Span A leading Span B into mid-June. No candle close has breached cloud support since early April, affirming strong technical alignment.
Source: X
Following the breakout above $84,000, the price maintained a firm upward trajectory toward $114,000. The most recent pullback touched the Tenkan-sen near $108,247 without closing below it. Titan of Crypto explained that a move toward the Kijun-sen around $102,000 would still align with the current bullish framework.
Additionally, the Chikou Span remains well above historical candles, reflecting sustained sentiment strength. The thickening Kumo cloud offers dynamic support, with no signals of breakdown emerging yet. Every Ichimoku element holds its bullish configuration, reinforcing the trend’s resilience.
Momentum Structure Holds, but Focus Turns to Key Supports
Price continues to respect technical boundaries, sustaining higher highs without triggering structural weakness. Support zones remain clearly defined, creating a buffer against deeper retracements below $102,000. Analysts are monitoring trend health as BTC tests psychological resistance near all-time highs.
Tracking price behavior over recent sessions, Bitcoin’s rejection at $114,000 came without violating the overall structure. A deeper move into the cloud, beginning at $96,000, would challenge bullish control. For now, each minor retracement respects cloud thresholds, keeping trend conditions stable.
Additionally, the clean alignment of whale wallet growth with Ichimoku strength suggests institutional demand is not yet exhausted. Even if a short-term correction unfolds, structural support zones remain active. This setup continues to attract buyers watching for dips to reinforce long positions.
The post BTC Climbs to $114K as Whale Demand and Cloud Structure Confirm Momentum appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
