Bitcoin posts its longest weekly winning streak in nearly a year — whale data and technicals align bullishly

Bitcoin is closing its fourth consecutive green weekly candle, up 5.6% this week to around $78K — its longest weekly winning streak since May 2024. That streak arrives after the worst quarter in roughly eight years and 59 straight days of extreme fear, the longest such run on record.

On-chain data adds weight to the technical setup: whales accumulated approximately $23 billion worth of <a class="ticker-mention" href="/en-US/token/btc">BTC</a> — around 270,000 coins — during the drawdown, the largest whale buying streak since 2013. Exchange reserves have simultaneously dropped to levels not seen since December 2017, the month before Bitcoin first crossed $20K.

Technically, BTC is completing a 50/100-day simple moving average bullish cross while breaking out of a weekly RSI downtrend — a combination that has historically coincided with cycle bottoms. Ethereum is also in focus as broader crypto sentiment shifts, with analysts watching…