Bitcoin Whales Signal Confidence as Price Nears $110K Threshold
Bitcoin is on the verge of a significant milestone as whale activity indicates strong institutional confidence in its upward trajectory. According to Glassnode data, the number of whale wallets has rebounded to 1,455, levels last seen before April’s market downturn. This resurgence aligns with $242 million in realized whale profits and a notable spike in leverage ratios, which historically precede volatile price movements. Despite these developments, Bitcoin’s current price stands at 108,030.01 USDT, just shy of the anticipated $110,000 mark. Analysts interpret this aggressive accumulation by whales as a bullish signal, suggesting potential for further upside in the near term. The combination of whale activity and leverage trends points to heightened market dynamics, making this a critical juncture for Bitcoin investors.
Bitcoin at the Brink: Whales Load Up Ahead of $110K Push
Bitcoin whales are accumulating aggressively as BTC approaches the $110,000 threshold, signaling institutional confidence in further upside. Glassnode data reveals the number of whale wallets has rebounded to 1,455, matching levels last seen before April’s downturn. This resurgence coincides with $242 million in realized whale profits and a spike in leverage ratios—a combination that typically precedes volatile price action.
Despite a 2.5% pullback to $108,499, the market structure remains bullish. BloombergAI analysis notes smart money entered compression zones NEAR $108.7K, while MACD divergence suggests institutions are positioning for breakout momentum. Analyst Ali Martinez observes BTC traders currently hold 27% average profits, still distant from the 40% threshold that historically precedes major tops.
US Government Explores Budget-Neutral Bitcoin Purchases, Says White House Crypto Czar
David Sacks, the White House’s AI and cryptocurrency lead, has signaled potential expansion of the US government’s Bitcoin holdings. Speaking at Bitcoin 2025, Sacks outlined a pathway for additional acquisitions through existing presidential authorization—provided funding can be secured without new taxes or debt.
The plan hinges on convincing either Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson to reallocate underutilized program funds. "If they can get excited about this and solve the funding puzzle, they have the authority to proceed," Sacks told Gemini founders Cameron and Tyler Winklevoss during the conference.
This development follows the establishment of the Strategic Digital Asset Reserve, marking a potential shift in how governments approach cryptocurrency reserves. The proposal avoids contentious budget debates by focusing on redeployment of existing allocations rather than new appropriations.
Why MicroStrategy Slows Down Its Bitcoin Purchase?
MicroStrategy, the largest corporate holder of Bitcoin, has recently decelerated its aggressive BTC accumulation strategy. Between May 19 and May 25, the company acquired just 4,020 bitcoins for $427 million—a stark contrast to earlier weeks when it raised over $2 billion for purchases. The slowdown stems from narrowing premiums on MSTR shares relative to its bitcoin holdings and increased competition from over 70 firms now allocating treasury reserves to BTC.
Market dynamics have shifted. Where MicroStrategy once dominated institutional Bitcoin adoption, newer entrants like Metaplanet and Semler Scientific are reshaping the landscape. TRUMP Media and Technology Group’s recent involvement underscores the trend. The company’s reduced capital raises—$348.7 million versus $705.7 million the prior week—reflect cooling investor appetite for Leveraged Bitcoin exposure through equity vehicles.
Bitcoin ‘OG’ Wallets Are Active Again Amid Market Consolidation
Bitcoin’s price has entered a tight consolidation phase after a recent pullback, maintaining higher lows that suggest potential for an upward breakout. Institutional accumulation remains aggressive, with entities like Statergy raising funds to increase their BTC holdings.
Notably, older Bitcoin cohorts—holders of 1-year to 5-year vintage coins—have become active, moving over $4 billion in aggregate volume. This marks the first significant movement since February 2025, with the 3-year to 5-year cohort contributing $2.16 billion alone. Historical patterns show such activity often precedes interim price peaks, raising questions about whether this signals a local top or renewed bullish momentum.
The market watches closely as these ’OG’ wallet movements coincide with Bitcoin’s struggle to reclaim its recent highs. Analysts note that similar cohort behavior preceded both the Q4 2024 rally and the February-May 2025 price actions.
Bitcoin to $150K? Tom Lee Predicts ’Banana Zone’ Rally
Fundstrat’s Tom Lee forecasts Bitcoin could surge to $150,000 as it enters a ’banana zone’—a phase of accelerated price growth historically preceding major rallies. The pattern, identified by Global Macro Investor’s Julien Bittel, tracks four BTC cycles since 2011, each featuring two corrections before exponential gains.
Bitcoin recently tested $111,970 amid U.S.-China trade tensions before retreating to $78,000 on institutional profit-taking. Lee interprets this volatility as typical cycle behavior, setting the stage for a 2025 breakout. The thesis gains credence as BTC hovers near $108,914.72, with traders anticipating the next leg up.
