On-Chain Data Shows Bitcoin Whales Hold Strong as $100K Target Awaits
Bitcoin recently hit an all-time high of $99,800, but fell back slightly and entered a consolidation phase near $90,000. Despite the pullback, large investors’ confidence remains strong. CryptoQuant analyst Axel Adler said that whales and institutional players are not selling their holdings, which shows confidence in Bitcoin’s long-term growth. On-chain data shows that whales’ average daily transaction inflows have stabilized at just over 5,000 BTC, indicating that whales are in no rush to close their positions. Even amid short-term volatility, the lack of selling pressure supports optimism about Bitcoin’s future.
