Bitcoin $BTC
#Whales are swallowing 300% of mined Bitcoin: What are they preparing for?**
### **Bitcoin giants tighten their grip**
Major Bitcoin holders are accumulating at unprecedented rates. Data from **Glassnode** reveals that whales and sharks have acquired **over 300% of newly mined Bitcoin** over the past thirty days, effectively buying three times the daily supply.
- **Whales and sharks** are rapidly increasing their holdings.
- **Trading platforms are experiencing massive outflows**, with net absorption rates hitting historical lows.
- **Large wallets (over 10,000 Bitcoin)** continue to accumulate, indicating long-term confidence.
This intensive buying reduces market liquidity, which could lead to **supply pressure**.
### **The technical breakout indicates bullish momentum**
Bitcoin has emerged from a **descending wedge** - a bullish reversal pattern. If momentum continues, analysts expect a potential rise towards **$101,570 by May**.
- This breakout has been confirmed with strong trading volume.
- **The $60,000 level has become a strong support level**, providing a base for upward movement.
- Historical trends indicate that such breakouts often precede significant rallies.
### **What's Next?**
With whales hoarding supply and technical indicators turning bullish, Bitcoin may be gearing up for a significant move. However, macroeconomic factors continue to influence this trend.
**Key Points:**
✔ Whales are accumulating at record levels.
✔ The available supply is shrinking, increasing upward pressure.
✔ The technical breakout indicates a potential rise towards $100,000.
**The most important question:** Is this the beginning of a new bullish wave, or just strategic positioning by major players?
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