💥Bitcoin breaks through $97,000, with whales driving the price towards $100,000!

After experiencing a sharp decline, Bitcoin briefly fell to $93,395, but buyers quickly intervened, halting the downward trend and triggering a strong rebound. Currently, Bitcoin has surpassed $94,600 and is continually approaching the $97,000 mark, with traders eyeing the $100,000 target.

The actions of whales have injected strong momentum into this rally. Over the past six weeks, investors holding 10 to 10,000 Bitcoins have increased their holdings by more than 81,000 Bitcoins, while smaller holders have opted to sell. This divergence often signals the potential for a price increase.

In addition, short positions worth $734 million were forcibly liquidated, further pushing up the price. The derivatives market shows that bulls are in control, driving market sentiment towards bullishness.

While there is support at $96,650, market optimism is strong, and the $100,000 mark has become the focus for investors. If Bitcoin maintains its upward momentum, breaking through $100,000 may be just around the corner!