Bitcoin whales are on a massive buying spree! šØ They've accumulated a whopping 269,822 BTC, worth $23.3 billion, in the last 30 days - the largest monthly purchase in 13 years. This move is seen as a significant boost for Bitcoin's price prediction, with analysts expecting a potential push towards $95,000 and possibly even six figures before year-end.
*Key Factors Driving Accumulation:*
- _Institutional Confidence_: The U.S. government holds an estimated 198,000 BTC, worth over $23 billion, mostly from law enforcement seizures.
- _Whale Activity_: Whales are aggressively buying the dip, with reduced old whale activity and minimal selling pressure.
- _Market Sentiment_: The Crypto Fear & Greed Index indicates a slight improvement in sentiment, with Bitcoin holding above $85,000 support
Current Bitcoin price is around $89,430
