Institutions have aggressively purchased 4 million bitcoins, key support has emerged, is the next target 100,000?
Bitcoin is currently receiving strong support, with institutions hoarding over 4 million coins, and the selling pressure has been absorbed.
Institutions and countries continue to buy Bitcoin, having accumulated over 4 million coins. This means that the circulating supply of Bitcoin in the market has decreased, providing strong support for the price.
From the trend, Bitcoin has shown a significant rebound around $90,700, and $91,600 has now become a key short-term support level. If it stabilizes here, the next target may be $94,200, with hopes of building momentum to challenge the $100,000 mark again.
Although the price may still fluctuate in the short term, from a long-term perspective, the continuous buying by large funds indicates optimism for the market ahead. For ordinary investors, if you already hold Bitcoin, consider setting $91,600 as a primary observation point; as long as it does not fall below this, the trend remains healthy. If you want to position yourself, pay attention to opportunities to buy back at the support area, but be sure to buy in batches to avoid a heavy single investment.
The long-term direction of the market remains clear; the key is to maintain patience and not panic due to short-term fluctuations.
There are always opportunities in the market; the key is to operate calmly. Bai Yue will continue to help everyone keep an eye on on-chain dynamics and move forward steadily together! Follow Bai Yue and participate in every attack from Bai Yue's villagers! Bai Yue will announce the specific entry time and real-time news in the village every day!
