Bitcoin News: Explosive $120K Breakout Imminent as Whales Gobble Up 68% of BTC Supply
Bitcoin is on the verge of a historic breakout, with large holders aggressively accumulating 68% of the circulating supply. As BTC hovers near $120,000, the market is buzzing with anticipation—could this be the start of a massive rally?
Bitcoin News: Whales Accumulate 218,570 BTC in Weeks
Recent data reveals that wallets holding between 10 and 10,000 BTC have absorbed an additional 218,570 BTC, pushing their total control to over 68% of Bitcoin’s supply. This aggressive accumulation often precedes major price surges, signaling strong institutional confidence.
Bitcoin Breakout: Technical Indicators Point to Upside
- Bollinger Bands: BTC trades near the middle band at $118,300, with resistance at $119,900.
- RSI (59.13): Moderate upward momentum without overbought conditions.
- MACD: Positive despite a recent bearish crossover, suggesting consolidation.
Bitcoin Price Prediction: Where Could BTC Go Next?
Analysts are divided but optimistic:
| Scenario | Price Target | Catalyst |
|---|---|---|
| Bullish Breakout | $140,000–$250,000 | Institutional demand, PayPal expansion |
| Short-Term Pullback | $110,000–$112,000 | Profit-taking, Fed policy uncertainty |
Why Are Bitcoin Holders So Confident?
Key factors driving accumulation:
- Neutral MVRV ratio suggests balanced market conditions.
- Low leverage (near-zero funding rate) reduces liquidation risks.
- Ray Dalio’s endorsement of BTC as a hedge against debt risks.
Conclusion: A Pivotal Moment for Bitcoin
With whales accumulating, technicals aligning, and macro tailwinds strengthening, Bitcoin stands at a critical juncture. A breakout above $120K could unleash a fierce rally, while a pullback may offer a final buying opportunity before the next leg up.
Frequently Asked Questions (FAQs)
Q: How much Bitcoin do large holders control now?
A: Wallets with 10–10,000 BTC hold 68% of the circulating supply.
Q: What is the MVRV ratio, and why does it matter?
A: The Market Value to Realized Value ratio measures whether BTC is over/undervalued. A neutral reading suggests balanced conditions.
Q: Could Bitcoin really hit $250,000 in 2025?
A: Analysts cite PayPal’s potential global BTC adoption as a key catalyst for such a surge.
Q: Should I buy Bitcoin now or wait for a dip?
A: With $110K–$112K as potential support, some traders await a pullback, but accumulation trends favor early positioning.
