Bitcoin Wallets Add 113,950 BTC as $90K Test Nears
The accumulation points to demand beyond retail, but a short-squeeze component and heavy supply near $88,000-$90,000 leave the rally facing a meaningful test.
Bitcoin-specific news — protocol activity, scaling layers, and BTC-centric applications.
The accumulation points to demand beyond retail, but a short-squeeze component and heavy supply near $88,000-$90,000 leave the rally facing a meaningful test.
The exit removes a sizable bullish position, while the reported profit points to realized gains rather than a loss-driven liquidation.
The one-week result lowers the estimated GPU cost to $67, while a $20,000 prize pool keeps the race to reduce it further open.
Glassnode puts the level closer to late 2023 than to previous market tops, offering a measure of profit-taking without signaling a comparable peak.
BlackRock led both funds, accounting for $166M of Bitcoin ETF inflows and about $50.8M of Ether ETF inflows.
The lower compute estimate could make an emergency path more practical, but it remains unproven in a second mined transaction and cannot protect coins with exposed public keys.
The whale has accumulated 2,460 BTC over 20 days at an average price of $78,966, putting the latest purchase in a sustained buying streak.
A public-address lookup can start a claim, but verification, competing claims and sanctions still stand between recovered coins and victim payouts.
Stronger US growth and renewed cost pressures lifted bond yields, forcing crypto traders to unwind leveraged long positions as the rebound lost its short-covering tailwind.
Profit-taking is rising, but the scale still resembles late 2023 rather than the distribution seen at major market tops.
The proposal would shift Treasury cash into overnight repo, but no program exists and any Bitcoin effect depends on lending, reserves and funding rates.
The flip above 1.0 without a flood of supply means the most reactive cohort is no longer the source of marginal sell-side pressure, shifting weight to ETF flows, macro liquidity, and longer-term…
The ceiling that pinned BTC for months has cracked, and on-chain flows point to spot demand absorbing the move rather than a thin short squeeze.
The move flips a key resistance zone back into bulls' hands, and traders will now watch whether $87,000 holds as support on any retest.
A 10% September gain would complete a three-month run seen only once before, and the 2012 version ended with a red October that launched a 2,000% rally.
Clearing the well-watched $87,000 resistance puts the largest crypto back on breakout footing, and the retest of that level is the next test for momentum buyers.
Institutional ownership and a larger market cap are damping volatility at both ends, so the era of vertical rallies and 80% drawdowns gives way to a steadier, structurally supported advance.
Eight high-profile obituaries since 2011 all marked buying opportunities rather than the end, with returns shrinking as the asset matures but never turning negative.
PQLN shows Lightning can test post-quantum defenses separately, but the trade-off is heavier gossip, storage and payment traffic for node operators.
The call points to a stronger but more mature market cycle, with lower upside paired with a less severe downturn.