Financial Insights That Matter
- Bitcoin stabilized at $94,000 after a 11% rally, peaking briefly at $94,690 on April 23.
Whales and sharks added 19,255 BTC last week, raising total holdings to 13.47 million BTC. - Coinbase premium turned positive since April 21, signaling strong renewed demand from U.S. investors.
Bitcoin’s steady climb continued this week, settling at $94,000 as of Friday, April 25. The cryptocurrency touched $94,690 briefly on April 23 before cooling slightly. That marked a 11% rally within a week, setting the tone for a strong price pattern. The recent spike followed a broader accumulation trend, which market watchers are calling one of the most powerful signals for Bitcoin.
A growing number of large holders—often labeled whales and sharks—are driving this upswing. Data from Santiment, a market intelligence firm, shows wallets containing between 10,000 and 100,000 BTC added 19,255 coins in the last week alone. This pushed their total holdings to an all-time high of 13.47 million BTC.
This fresh accumulation wave began after Bitcoin’s earlier volatility between $75,000 and $85,000 in the first quarter. Despite a dip in early April, the trend has moved steadily upward since mid-March. Prices have not only recovered but surged into new territory. Confidence among these major holders seems unshaken, hinting at strong belief in Bitcoin’s upward potential.
Coinbase Premium Reflects Bullish Demand
Signs of structural change have also emerged from U.S. markets. CryptoQuant’s analyst Dan Crypto noted a consistent positive Coinbase premium since April 21. This is viewed as a key metric for measuring demand among U.S. investors. The premium, which once sat in negative territory, now holds firmly above zero, reflecting renewed accumulation from American buyers.
“Coinbase premium remains steadily in positive territory, suggesting that demand from U.S. investors remains strong, and that recent upward momentum is facing limited resistance from corrective pressure,” said Dan. This points to a deeper shift than mere short-term excitement.
Whale activity on Binance first triggered the rebound, and U.S. exchanges like Coinbase followed. The result is a synchronized move across international and domestic platforms. Dan commented, “The market atmosphere before and after April 21st has shifted significantly. We are now witnessing signs of a structural shift rather than just short-term rallies.”
Bitcoin Liquidity Cluster Near $100K
Technical indicators also point to growing pressure at higher price levels. A dense pocket of short liquidations is stacked near the $100,000 mark. Market makers may target this liquidity, pulling prices up as short sellers are forced to cover their positions. These moments can trigger a wave of buy orders, adding to the bullish flow.
Liquidity maps indicate where momentum might move next. Right now, with so much activity near six figures, the easier path appears to be up. This aligns with the ongoing whale accumulation, consistent U.S. demand, and improved sentiment across platforms.
If Bitcoin’s rise continues under these conditions, the next milestone could come sooner than expected.
Read More: Dogecoin Breaks Out of Bullish Pattern, Targets $0.50 in Next Rally
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