#比特币市值排名 Whale crazily absorbs, ETF surges, is Bitcoin brewing a raid?

Bitcoin, is it the final push towards 96K, or is it creating an illusion before a reversal?

Since the beginning of the year, Bitcoin has been highly volatile. After pulling back from a high of $109,000, the bullish momentum not only did not fade but instead repeatedly counterattacked, breaking through the key resistance of $88,500 in a continuous rise, reaching a peak of $94,100.

Key data overview:

Glassnode shows that super whales (holding over 10,000 BTC) are accumulating at the fastest pace since 2020;

Mid-sized whales (1k~10k BTC) are also steadily increasing their holdings;

Spot ETF inflows surged to nearly $1 billion in a single day, breaking the record since November last year, and institutional funds are fully activated.

However, the battle between bulls and bears is still ongoing:

The long-short ratio is 0.9841, with a large number of hedging positions still in place;

Bullish positions account for 49.56%, while bearish positions account for 50.4%, indicating that the market is still neutral in the short term;

The MACD trend is bearish, but the RSI shows a bullish crossover, intensifying the technical divergence.