Bitcoin is currently trading around $80,874, showing steady resilience despite minor short-term fluctuations. Over the past 24 hours, BTC has gained about 1.49%, with trading volume crossing $47.5 billion, highlighting strong market participation. While still down roughly 36% from its all-time high of $126,198 in October 2025, Bitcoin’s long-term trajectory remains impressive, considering its rise from near-zero levels in its early days.
Technical Signals Point Higher
According to Ali Martinez, Bitcoin continues to show structural strength following a bullish MACD crossover on April 13. This signal has already driven a 15% rally and has historically marked the beginning of major multi-month uptrends, with past gains reaching as high as 147%.
On the daily chart, Bitcoin is now approaching the crucial 200-day moving average near $83,000. A clean breakout above this level could unlock further upside toward $89,000 and potentially $94,000 in the near term.
Whales Accumulate as Retail Stays Quiet
According to him, one of the most notable developments is strong whale activity. Large holders accumulated 4,527 BTC in the past 24 hours, worth approximately $362 million, indicating high conviction buying at current levels.
At the same time, on-chain data from Santiment shows network activity at two-year lows, with only 531,000 daily transactions and around 203,000 new wallets being created. This divergence suggests that while institutional and large players are accumulating, retail investors have yet to re-enter the market in full force.
$100K Narrative Gains Momentum
Crypto analyst Arthur Hayes thinks Bitcoin could reach $100,000 after the summer, driven by improving global dollar liquidity. He also projects a potential move toward $125,000 by the end of 2026, noting that Bitcoin is already outperforming traditional markets like the Nasdaq despite geopolitical tensions, including risks involving Iran.
Institutions Keep Buying
Institutional demand remains a main pillar of support. MicroStrategy (Strategy) now holds over 818,000 BTC worth more than $64 billion, continuing to accumulate aggressively.
Meanwhile, BlackRock manages over $50 billion in Bitcoin ETF assets, with total ETF holdings surpassing $100 billion again. Recent inflows nearing $630 million in a single day reinforce the growing institutional appetite.
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