Bitcoin News: Whales Go All-In, Margin Longs Hit $5.7B, $105K Next?

In recent Bitcoin news, its price has rebounded 8% from its March 11 low, with whales aggressively buying the dip.

Long-term holders have added 131,000 BTC to their wallets in the past month, suggesting strong accumulation at current levels.

Margin longs on Bitfinex have surged to $5.7 billion, their highest level since November 2024.

The rapid increase in Leveraged positions indicates a bullish conviction, even as macroeconomic uncertainties persist.

Whales Bet Big as Margin Longs Soar

Bitcoin’s price recovery follows a period of intense buying from large investors.

According to Ali, long-term holders have ramped up their accumulation, reinforcing confidence in an extended rally.

On Bitfinex, margin traders have added 13,787 BTC over 17 days, marking a sharp increase in leveraged exposure.

Historically, such aggressive positioning has preceded strong price movements, with whales capitalizing on market inefficiencies.

Pakpakchicken, a prominent market observer, notes an 82% correlation between Bitcoin’s price and the global M2 money supply.

As central banks navigate recession risks, the possibility of increased liquidity injections could further fuel Bitcoin’s upside potential.

Liquidity Trends Point to Higher Targets

Some analysts argue that Bitcoin’s long-term trajectory aligns with global liquidity trends.

If central banks adopt expansionary policies, the increased money supply could drive risk assets higher.

Past cycles suggest that liquidity-driven rallies often coincide with whale accumulation.

In Sept. 2024, Bitfinex margin traders added 7,840 BTC in long positions while Bitcoin hovered below $50,000.

Two months later, the asset surged past $75,000, reinforcing the LINK between whale positioning and price appreciation.

However, external factors remain at play. Donald Trump’s election in Nov. 2024 contributed to Bitcoin’s rise, as investors anticipated a more crypto-friendly regulatory environment.

Separately, Michael Saylor’s firm is reportedly raising $21 billion to acquire more Bitcoin, adding further institutional support to the market.

Ethereum’s Pectra Upgrade Faces Delays

Meanwhile, Ethereum developers have postponed the Pectra upgrade until late April after encountering synchronization bugs in testnets.

The Ethereum Foundation’s Tim Beiko confirmed that a third testnet, Hoodi, will launch on March 17, with Pectra activation set for March 26.

Tim Beiko’s latest announcement on the Pectra upgrade: Ethereum Magicians

If the upgrade proceeds smoothly, developers could finalize a mainnet launch date by April 25.

Pectra aims to enhance wallet functionality, scale Ethereum’s network, and improve user experience.

Despite the delay, Ethereum’s development roadmap remains on track, with CORE developers emphasizing faster upgrade cycles to maintain competitive momentum.

Bitcoin’s Path to $105K: Make or Break at $74,000?

Despite bullish accumulation, Bitcoin must hold key support levels to sustain its rally.

Ali warned that $74,000 is a crucial level that, if lost, could trigger a broader downtrend.

“The weekly chart hints at a potential trend shift if BTC loses this key support,” Ali noted.

Bitcoin has already rebounded 8% from its March 11 low, but volatility could increase with some whale tiers selling aggressively.

Santiment’s data suggests that mid-sized holders’ selling pressure may temporarily slow Bitcoin’s momentum.

However, if whale accumulation, institutional inflows, and global liquidity trends continue, Bitcoin’s path to $105,000 remains open—but only if $74,000 holds as a strong support level.