Bitcoin News: Whales stock up, margin longs hit $5.7B, $105K is the next target?
Bitcoin whales buy 131,000 #BTC , fueling the bullish trend.
#Bitfinex margin longs soared to $5.7B, the highest since November 2024.
Analysts suggest a target of $105K BTC as M2 supply increases.
#Bitcoin news: its price jumped 8% from the March 11 low, with whales actively buying on the decline.
Long-term investors have added 131,000 BTC to their wallets over the past month, indicating strong accumulation at current levels.
Long margin positions on Bitfinex reached $5.7 billion, the highest since November 2024.
The rapid growth of leveraged positions indicates a bullish bias despite ongoing macroeconomic uncertainty.
Bitcoin's recovery follows a period of heavy buying by major investors.
According to #Ali , long-term holders are increasing their holdings, which is bolstering confidence in a prolonged rally.
On Bitfinex, margin traders added 13,787 BTC in 17 days, indicating a surge in leverage.
Historically, this aggressive positioning has preceded strong price moves as whales capitalize on market inefficiencies.
Pakpakchicken, a noted market watcher, notes an 82 percent correlation between the bitcoin price and the global M2 money supply.
As central banks consider the risks of a recession, the possibility of increased liquidity could further stimulate bitcoin's upside potential.
Some analysts say bitcoin's long-term trajectory is in line with global liquidity trends.
If central banks adopt expansionary policies, an increase in money supply could lead to a rise in risky assets.
Past cycles show that liquidity-driven rallies often coincide with the accumulation of whales.
In September 2024, Bitfinex margin traders added 7,840 BTC to long positions when bitcoin was trading below $ 50,000.
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