Bitcoin Whales Accumulate $4.7 Billion in BTC Amid Price Surge to $87,400: Can It Hit $90K?

Bitcoin Whales Accumulate Billions as Price Surges Toward $90K Milestone

Bitcoin has made a significant comeback, climbing past $87,000 in recent weeks—a move largely fueled by favorable macroeconomic conditions and renewed interest from major investors. Now trading at approximately $87,463, Bitcoin appears to be gaining momentum toward the psychological barrier of $90,000, signaling renewed optimism in the broader crypto market.

Whale Accumulation Signals Long-Term Confidence

One of the most notable developments in recent weeks has been the large-scale accumulation of Bitcoin by whale and shark wallets—those holding between 10 and 10,000 BTC. Data shows that these addresses have collectively acquired 53,652 BTC in the past month alone, totaling nearly $4.7 billion in value.

This pattern of accumulation often signals strong confidence in Bitcoin’s long-term growth. These large investors are likely capitalizing on recent market dips, reaffirming their belief in the resilience and future upside of the world’s leading cryptocurrency.

Short-Term Profit-Taking Risks Remain

Despite the bullish behavior of whales, market dynamics remain complex. According to the MVRV Long/Short Difference indicator, the profitability of long-term holders (LTHs) has dropped to a two-year low, while short-term holders (STHs) are currently dominating the profit landscape. This scenario typically introduces risk, as it suggests that more traders might be inclined to sell and secure short-term gains.

A shift in sentiment among these holders could introduce volatility, especially if prices fail to maintain recent support levels. The current MVRV trend indicates the market may be nearing a critical inflection point, where increased selling pressure could challenge Bitcoin’s upward trajectory.

Critical Support and Resistance Levels in Focus

As of now, Bitcoin is holding above a key support level at $86,822. If it maintains this base, the next significant resistance lies at $89,800. A successful breakout above this level could pave the way for a push beyond the $90,000 mark—a level that carries both psychological and technical importance for investors.

Conversely, if bearish momentum gains strength, a dip below $86,822 could see Bitcoin fall to the next supports at $85,204 and potentially $82,503, risking a pullback that would retrace much of the recent rally.

A Market at a Crossroads

While whales remain firmly bullish, the growing influence of short-term traders could inject near-term volatility. Whether Bitcoin breaks above $90,000 or corrects downward may depend largely on broader market sentiment and whether major holders continue to accumulate or begin to offload positions.