Bitcoin Whales Active as Spending Surges Amid Price Breakout Attempts
- Bitcoin whale spending surged to $286 million, the largest increase since early November.
- OG whale activity reflects strategic profit-taking rather than panic selling.
- Accumulator addresses have added nearly 136,000 BTC in just eleven days this month.
- BTC’s five-day MACD has turned bullish, a signal last seen near the bear market bottom in 2022.
- Liquidity is clustering between $89,200 and $89,700, indicating potential price support levels.
The recent surge in Bitcoin whale spending indicates heightened activity among large holders as the price attempts to break past the $90,000 mark. Accumulator addresses are also showing strong demand for BTC, which may help absorb supply from OG whales.
With a significant whale spend of $286 million and bullish momentum indicators, Bitcoin’s outlook remains optimistic as it approaches critical resistance levels around $100,000. (Source)
