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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-approaches-100000-as-whale-accumulation-continues/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Approaches $100,000 as Whale Accumulation Continues</a><br></p>
<p style="text-align: justify">Bitcoin price shows recovery signals as it approaches the $100,000 level. The increase in <a href="https://en.coin-turk.com/tether-makes-a-significant-move-possible-effects-of-the-step-on-stablecoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tether</a>‘s USDT supply provides liquidity to the market, while the accumulation by large holders and on-chain indicators support the price rise.</p>
<h2 id="bitcoin-price-rally-targets-new-peaks">Bitcoin Price Rally Targets New Peaks</h2>
<p style="text-align: justify">In the last 24 hours, Bitcoin price jumped from the $96,000 support level, reaching $99,376 with a 2.17% increase. Its market capitalization remains at $1.97 trillion, but daily trading volume decreased by 33% to $84 billion.</p>
<h2 id="large-holders-accumulation-and-support-levels">Large Holders’ Accumulation and Support Levels</h2>
<p style="text-align: justify">On-chain indicators reveal that large Bitcoin holders (whales) continue their accumulation during the recent price drop. Crypto analyst Ali Martinez noted, “In the last 24 hours, after the drop to $96,000, Bitcoin whales purchased 20,000 BTC, worth approximately $2 billion.”</p>
<blockquote>
 <p>Ali Martinez: “The active accumulation by Bitcoin whales continues.”</p>
</blockquote>
<p style="text-align: justify">Martinez pointed out that local price peaks typically form at a level of short-term holding cost plus one standard deviation. The current key level is calculated at $112,926, which could serve as a significant resistance point.</p>
<blockquote>
 <p>Ali Martinez: “The current key level is a critical resistance point for Bitcoin.”</p>
</blockquote>
<p style="text-align: justify">The most crucial support level for Bitcoin is at $96,870. Approximately 1.45 million addresses have supported this critical demand zone by purchasing 1.42 million BTC at this price. Martinez stated, “As long as this level remains firm, Bitcoin’s upward trend can continue.”</p>
<h2 id="tether-s-usdt-minting-provides-additional-liquidity-to-the-market">Tether’s USDT Minting Provides Additional Liquidity to the Market</h2>
<p style="text-align: justify">Stablecoin provider Tether has added 2 billion USDT on the Ethereum blockchain, providing liquidity support to Bitcoin and altcoins. It was reported that Tether has issued a total of 19 billion USDT on Ethereum and <a href="https://en.coin-turk.com/justin-sun-becomes-prime-minister-of-liberland-and-promotes-libertarian-ideals/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tron</a> since November, with 4 billion USDT released in the last four days.</p>
<p style="text-align: justify">Last week, Tether developers introduced the open-source Wallet Development Kit (WDK). The WDK aims to facilitate the creation of Bitcoin and Tether wallets, supporting the independent management of digital assets.</p>
<p style="text-align: justify">The recent trend of Bitcoin crossing the $100K threshold twice in the past month strengthens market analysts’ outlook that this rally may continue. Tether’s impact on the <a href="https://en.coin-turk.com/coinbase-responds-to-criticism-over-ethereum-scalability-support/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> is expected to grow.</p>
<p style="text-align: justify">In light of these developments, Bitcoin’s strong support levels and increasing liquidity continue to indicate its potential to sustain an upward price trend.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-price-approaches-100000-as-whale-accumulation-continues/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Approaches $100,000 as Whale Accumulation Continues</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Price Approaches $100,000 as Whale Accumulation Continues

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