Bitcoin Whales Resume Accumulation After Brief Period of Dormancy

On-chain data indicates that Bitcoin (BTC) whales have resumed accumulation after a brief pause. Key points include:

48 new wallets now hold 100 or more BTC.
BTC has increased over 15% from its March 10 low of approximately $76,600, currently trading in the high $80,000s.
Recent macroeconomic factors, including cooler CPI inflation and a potential softening of US tariffs by President Trump, are driving optimism for BTC's price.
A long-dormant whale wallet from 2017 recently became active, with holdings now valued at nearly $250 million.
Analysts suggest BTC may have bottomed out and could be entering a bullish phase, potentially reaching a new all-time high (ATH).
Arthur Hayes believes BTC likely hit its cycle bottom during the March dip to $76,600.
Momentum indicators like the Relative Strength Index (RSI) show bullish tendencies.
Price projections indicate BTC could surge to $112,000 if it breaks the $94,000 resistance level.
A drop below $76,000 could lead to further declines towards $58,000.
Bitwise suggests that current conditions may present a good buying opportunity for BTC.

As of now, BTC is trading at $88,069, up 1% in the last 24 hours.