Changing macroeconomic conditions and big investment activity are driving Bitcoin near the crucial $97,000 resistance point. Currently selling at about $96,209, the most valuable cryptocurrency is causing both expectation and concern as market players await a breakthrough. Related Reading: Dogecoin To $1.35? Analyst Predicts Milestone ‘Within 70 Days’ Whale Accumulation Signals Strong Confidence Whales aren’t sitting on the sidelines. From Binance, at an average price of $96,400, a freshly approved wallet recently pulled out 568 BTC, or around $55 million, data from Spot On Chain shows. These high-value withdrawals frequently indicate long-term trust as investors migrate their money from exchanges to safe custody. Past whale behavior has also hinted notable price fluctuations. If this pace of accumulation keeps on, it may suggest a significant increase reaching $99,500. The question now is whether or not retail investors will adopt this approach. Fresh #Bitcoin Accumulation Spotted! A newly created wallet (4 days old) has already withdrawn 568.74 $BTC from #Binance at an average price of $96,769 (est. cost: ~$55.04M). Is this a bullish signal for $BTC? Follow @spotonchain and track this whale live at… pic.twitter.com/dnRZl8Yo ..
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