Bitcoin Whales Accumulate 56,227 BTC Amid Retail Profit-Taking

Bitcoin is experiencing a shift in market dynamics:

Large holders, or "whales," accumulating Bitcoin while smaller wallets take profits.
Since mid-December, whales and sharks have added 56,227 BTC.
The supply held by large accounts has decreased from 67% to 47%, impacting price support positively.
Bitcoin has traded between $87,000 and $94,000, peaking at $94,800 recently.
Options data shows heavy call activity at the $100,000 strike, indicating bullish sentiment.
Resistance is expected at $95,000 to $100,000; support is around $88,000 to $90,000.

Geopolitical factors, like the capture of Venezuelan President Nicolás Maduro, have contributed to recent volatility and trading volume increases. The event has sparked speculation about Venezuela’s alleged substantial BTC holdings.

Current market conditions suggest potential for further gains if whale accumulation continues. However, retail selling may lead to short-term reversals. Traders should watch key levels for breakouts or deeper sell-offs.