$BTC
#Whales Swallow 300% of Mined Bitcoin: What Are They Preparing For?**
### **Bitcoin Giants Tighten Their Grip**
Major Bitcoin holders are accumulating at an unprecedented rate. Data from **Glassnode** reveals that whales and sharks have absorbed **over 300% of newly mined Bitcoin** in the past 30 days—effectively buying three times the daily supply.
- **Whales & sharks** are rapidly increasing their holdings.
- **Exchanges see massive outflows**, with net absorption rates at historic lows.
- **Large wallets (10,000+ BTC)** continue accumulating, signaling long-term confidence.
This aggressive buying reduces market liquidity, potentially setting up a **supply squeeze**.
### **Technical Breakout Hints at Bullish Momentum**
Bitcoin has broken out of a **descending wedge**—a bullish reversal pattern. If momentum holds, analysts project a potential surge toward **$101,570 by May**.
- The breakout was confirmed with strong volume.
- **$60,000 has become a solid support level**, providing a base for upward movement.
- Historical trends suggest such breakouts often precede major rallies.
### **What’s Next?**
With whales hoarding supply and technicals turning bullish, Bitcoin may be gearing up for a major move. However, macroeconomic factors could still influence the trend.
**Key Takeaways:**
✔ Whales are accumulating at record levels.
✔ Available supply is shrinking, increasing upward pressure.
✔ A technical breakout suggests a possible rally toward $100K.
**The big question:** Is this the start of a new bull run, or just strategic positioning by big players?
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