May 10, 2025
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Bitcoin Surges to $103,527 as Whales Accumulate 41,300 BTC
Bitcoin is currently priced at $103,527, reflecting a 4.3% increase over the past 24 hours and a 33% gain in the last month. This surge keeps BTC above the $100,000 level, although it remains about 5% below its all-time high.
On-Chain Metrics Reflect Growing Confidence
- The market shows consistent upward momentum with technical signals indicating continued accumulation.
- Investor sentiment is shifting toward risk-on amid economic uncertainty and geopolitical developments.
- Data from CryptoQuant indicates current market patterns resemble those from nearly five years ago, characterized by high volatility.
- The Bitcoin Growth Rate indicator has returned to bullish territory as BTC reclaims the $100,000 mark.
- Recent trade discussions and global policy shifts are driving fast investor reactions across markets.
Investors appear to be diversifying into crypto assets despite Federal Reserve warnings, leading to increased price volatility.
Bitcoin Whales Continue to Accumulate as Retail Lags
- Large-scale Bitcoin holders, or "whales," have accumulated approximately 41,300 BTC over the past month during the price recovery.
- This accumulation is primarily driven by institutional investors rather than retail speculation.
- Institutional entities utilize corporate resources for this accumulation, generating sustained demand pressure.
- Bitcoin's recent gains may be supported by a new class of buyers compared to previous bull markets.
