Bitcoin Whales Gobble Up Supply While Retail Panic-Sells—$110K Target in Sight

Big money isn’t blinking as Bitcoin shakes out weak hands. On-chain data from Santiment shows whales accumulating BTC at levels last seen before the 2021 bull run—just as retail investors dump their bags at a loss.

The smart money play? While Main Street capitulates, crypto’s 1% are positioning for what could be a 3x move from current prices. Typical finance irony: the ’dumb money’ sells precisely when the OGs start loading up.

Price prediction models now flag $110K as the next plausible target if this accumulation pattern holds. Cue the usual suspects calling it a ’stable store of value’ right after a 40% correction.

The RSI, at 68, is hovering just below overbought levels. This suggests that the rally could face resistance NEAR $105,000 to $106,300, where the upper Bollinger Band sits. A decisive break above this zone could push Bitcoin toward the $110,000 psychological milestone.

On the flip side, a breakdown below support at $97,600 or $94,000 could open the door for deeper retracement toward $89,800, Bitcoin’s lower Bollinger Band and a key demand zone.