Bitcoin Whales’ $32 Billion Buy Drives Price Above $105,000
The post Bitcoin Whales’ $32 Billion Buy Drives Price Above $105,000 appeared com. Bitcoin has shown notable resilience in recent days, avoiding a break below the crucial $100,000 support level despite heavy market volatility. The crypto king’s ability to maintain its position despite pressure signals underlying strength. What many perceive as a bearish phase has instead revealed strong structural support within the market. Bitcoin Is Doing Better Than Anticipated The Realized Profit/Loss Ratio, which measures investors’ net profitability, supports this bullish interpretation. The 90-day simple moving average (SMA) currently stands at 9. 1, reflecting a moderate cooldown from July’s peak. Yet, profits remain more than twice as high as levels recorded during the last two mid-cycle bear phases, when the P/L Ratio dropped to 3. 4. Sponsored Sponsored This shows that investors are not in panic mode and that recent dips are largely driven by mild profit-taking rather than capitulation. The sustained profitability across Bitcoin holders suggests that market participants are confident about the long-term outlook. . Bitcoin Realized P/L Ratio. These large investors are seizing the opportunity to accumulate during moments of weakness. Addresses holding between 10, 000 and 100, 000 BTC have collectively purchased more than 300, 000 BTC this week after prices briefly touched $101,000. This accumulation spree, valued at nearly $32 billion, demonstrates high conviction among large-scale holders. Their buying activity has helped drive Bitcoin’s recovery past the $105,000 mark, strengthening the case for an extended uptrend. Bitcoin Whale Holding. The recent whale-driven surge pushed BTC past its critical psychological resistance, signaling renewed investor optimism. Given the improving sentiment and rising institutional accumulation, Bitcoin.