Bitcoin Surges 0.25% to $95,062.32 as Whale Accumulation Drives Rally
2min read Bitcoin’s ascent towards the $100,000 mark is being significantly driven by whale accumulation and sustained exchange outflows. The supply of Bitcoin in profit has surged to 86.87%, nearing the critical 90% threshold that historically signals overheated market conditions. Crossing this level has often triggered sharp euphoric rallies, but such phases tend to be short-lived before corrections follow. During the last correction, the supply in profit bottomed around 75%, offering critical support. At the time of reporting, Bitcoin was trading at $95,062.32, posting a 0.25% gain over the past 24 hours.
While the current rally fuels optimism, history suggests that rising profit-taking risks could be building under the surface. Large-value Bitcoin transactions have expanded significantly across the board. Transfers above $10 million have spiked, while those between $1 million and $10 million climbed. Moreover, transaction activity in the $100K–$1M and $10K–$100K ranges also grew. This explosive surge points to a resurgence of whale and institutional activity, typically associated with major market moves. Therefore, strong participation from deep-pocketed players adds substantial weight behind Bitcoin’s ongoing climb toward six figures.
Bitcoin’s exchange flows continue to paint a bullish picture. At the time of reporting, BTC saw outflows compared to inflows, leading to a net outflow. Historically, sustained outflows correlate with accumulation trends, reducing the immediate sell pressure on exchanges. Therefore, the persistent drainage of liquidity from trading platforms suggests that investors prefer holding, adding another layer of support to Bitcoin’s resilience near the $95K level.
Despite bullish accumulation signals, on-chain valuations send mixed warnings. Bitcoin’s MVRV Long/Short Difference has dropped sharply, indicating that few short-term holders sit on large profits—typically a bullish condition that limits heavy profit-taking. However, the NVT ratio has skyrocketed, suggesting that the network’s value is growing much faster than its transaction volume. Therefore, while limited unrealized profits cushion selling risks, the overheated NVT ratio hints that Bitcoin’s valuation could be outpacing its actual network usage, raising caution flags.
The Binance BTC/USDT liquidation map shows critical risk zones emerging below Bitcoin’s current price. Between $90,000 and $93,000, a dense cluster of high-leverage long positions sits vulnerable to liquidation if prices dip. However, above the $95,000 region, cumulative short liquidations begin to build aggressively, especially around $97,000 and higher. Therefore, if Bitcoin maintains strength and pushes higher, it could trigger a short squeeze, accelerating upside momentum. Conversely, a slip below $93K would risk unleashing a cascade of long liquidations.
Bitcoin’s rally finds strong backing from whale accumulation, healthy supply dynamics, and sustained exchange outflows. However, network activity signals and a fragile liquidation landscape suggest caution is warranted. If Bitcoin can defend the $94K–$95K region and avoid major long liquidations, the stage remains set for a potential explosive push beyond $100K.
