Bitcoin Price Rises to $94,000 Amid Whale Accumulation

Bitcoin's price increased to approximately $94,000 after falling below $75,000 earlier this month. Key factors include:

Significant buying activity from "whales," investors holding over 10,000 BTC.
Glassnode reports an Accumulation Trend Score of 0.90 for these whales, indicating strong purchases.
Wallets with 1,000 to 10,000 BTC show a positive trend with a score of 0.7.
Smaller holders are also accumulating, reflected by a score of 0.5.
CryptoQuant notes the highest BTC outflow from exchanges in two years, indicating a shift to long-term storage and a reduced market supply.