Bitcoin News: Whales Accumulate $11.2B in BTC Ahead of Options Expiry, BTC Bull Token Sees Significant Capital Inflows

In the world of cryptocurrency, significant developments often lead to fluctuations in prices and investor sentiments. Recently, Bitcoin whales have been making strategic moves, which could have far-reaching implications for the digital asset’s future. Additionally, a new project is gaining traction among investors.

Whales Accumulate $11.2B in BTC Ahead of Options Expiry

Bitcoin (BTC) whales have been in an accumulation phase, purchasing a total of $11.2 billion in BTC in the past two weeks. This comes amid the options expiration on Friday. It seems that whales are taking advantage of prices below $90,000 to accumulate as much BTC as possible. Additionally, the BTC Bull Token ($BTCBULL) project, which offers passive free real Bitcoin rewards, has seen significant capital inflows to its presale, raising over $4.2 million. Early investors have 48 hours to join the presale and purchase $BTCBULL tokens at $0.00245.

Canaan Reveals New Bitcoin Mining Machine for Home Use

Canaan, a major manufacturer of miners, has unveiled its new professional-grade Bitcoin mining machine designed for home users. The product aims to make professional Bitcoin mining accessible to ordinary individuals by combining institutional-level computing power with household power compatibility and low operating sound. NG Zhang, Founder and CEO at Canaan, argues that the new Avalon Q machine democratizes Bitcoin mining, enabling operations outside traditional mining facilities. Cryptocurrency enthusiasts no longer need to choose between powerful mining capabilities and residential compatibility. Furthermore, the company claims to have seen a growing interest in home-based Bitcoin mining.

Bitcoin at $200,000? Analysts Discuss Q2 2025 Outlook

BeInCrypto spoke with analysts Leena ElDeeb of 21Shares and Max Shannon of CoinShares about the crypto space’s outlook for Q2 2025. Both analysts have a bullish outlook on Bitcoin, with Leena ElDeeb seeing potential for Bitcoin to surpass $90,000 and eventually hit a range between $150,000 and $200,000, driven by macroeconomic factors such as a possible rate cut by the US Federal Reserve. A wave of liquidity could reignite bullish momentum, pushing equities and Bitcoin past key resistance levels.

Global Digital Asset Market Decline Today

The global digital asset market saw a downturn today, with the total valuation standing at $2.77 trillion, marking a 3.25% drop. However, 24-hour trading volume surged by 16.18% to $88.38 billion. DeFi volumes accounted for $6.31 billion, making up 7.14% of the total, while stablecoins dominated with $86.25 billion, or 97.60% of the total trading activity. Bitcoin’s dominance in the market rose slightly to 61.09%, showing a 0.37% increase. Bitcoin has been struggling to gain upward momentum, currently priced at $85,104.81 after falling 2.71% in the last 24 hours. Its marketcap also dropped to $1.68 trillion, reflecting the same percentage decline.

Bitcoin Price Analysis: Is $80K Next for BTC?

Bitcoin is struggling to push higher, showing signs of weak demand and potential rejection. After briefly surpassing the 200-day moving average at $85K, BTC’s recent bullish retracement has lost momentum, leading to a minor rejection. This suggests a potential false breakout and a bull trap. If selling pressure increases, the $80K support level could be targeted in the coming days. However, unexpected buying pressure could trigger a short squeeze, pushing Bitcoin to new highs.