1. Whales from 14 years ago awaken:
Two inactive wallets since 2011, each with 10,000 $BTC , were recently activated, transferring over 2 billion dollars in $BTC to new addresses. Although there are no clear signs of selling, the mere movement generated concern over possible massive liquidations. These sums are usually transferred to OTC exchanges to minimize impact, but uncertainty remains.
2. Consolidation above 100,000 USD:
Bitcoin continues to hover around USD 100,000–109,000, with a 50% increase since April. Institutional inflows remain strong: $2,700M just last week, and over USD 11,000M in ETFs in 3 months. Recent ETF inflows reached USD 50,000M, driving BTC to nearly 110,000 USD.
3. Technical volatility and option expiration:
Although the price briefly touched 110,000 USD, it is now near 108,000 USD, with signs of consolidation and decreasing volume. Additionally, the expiration of USD 2.98 billion in BTC options is generating temporary selling pressure.
What's coming?
Technically, BTC faces resistance at USD 110,500–110,800. A breakout could catapult it to new highs; otherwise, it may fall towards USD 107,000.
The long displacement of whales could signal significant sales or strategic maneuvers via OTC, making it essential to monitor these movements.
Institutional confidence, especially in ETFs and regulatory policies, remains the main driver behind the perception of Bitcoin as 'digital gold'.
🌟 Conclusion
Bitcoin is in a powerful phase: high price, massive institutional capital inflow, and major players reactivating. The next technical step is to consistently surpass USD 110,500–111,000; if not, we could see a short-term correction. Attention is focused on the whales and ETF flows, two forces that could define the next big wave.
