NewsBTC
Jan 5, 2026
5 0

Bitcoin Surges to $93,000 Driven by Large Holder Accumulation

Bitcoin has reclaimed the $93,000 mark, driven by renewed optimism in the market. Altcoins like Ethereum, XRP, and Solana are also experiencing recoveries.

  • Bitcoin recorded a 7% weekly surge.
  • Ethereum and Solana increased by nearly 9%.
  • XRP led with a 15% uptrend.

Large Holders Influence Bitcoin

  • Large holders acquired roughly 270,000 BTC, valued at about $23 billion.
  • This accumulation is 1.3% of Bitcoin's total supply, marking the largest net buy from this group in 13 years.
  • No immediate value surge is expected, but long-term investors are positioning themselves.

Resistance at $93,500

  • Despite Bitcoin hovering above $93,400, it closed its 12-month candle below $93,500.
  • The $93,500 level is likely to act as resistance.
  • Historical patterns suggest such resistances can last up to three years before being breached in the next Halving year.
  • A sustainable breakout is more likely in 2028.

Bitcoin