BTCUSD Climbs to $92K on Net Whale Accumulation
Bitcoin (BTCUSD) rose 1.71% to $92,159 as the world’s largest digital asset faces counterbalancing pressures: whale distribution hints at caution, while Gold ETP innovation broadens institutional pathways.
BTC price edged higher on a 23.31% spike in trading volume, valued at $37.42 billion, supported by net whale accumulation. The crypto market recorded significant interest from whales, while on the other side it was a seller’s market for some other significant account holders.
This lifted the world’s largest digital asset market capitalisation to $1.83 trillion at the press time. Trading data revealed that BTCUSD outpaced the broader crypto market with a +1.38% capitalisation surge on Tuesday.
Price momentum was basically driven by an improved sentiment, including bullish Fed policy speculation, technical breakout signals, and whale accumulation despite long-term holder sell-offs.
Crypto markets priced in a 15% chance of Jerome Powell exiting as Fed Chair by May 2026 after a subpoena linked to a probe into Fed headquarters spending. Prediction markets favour Kevin Hassett (dovish, pro-rate cuts) as successor.
A dovish Fed could inject liquidity, according to crypto analysts, making Bitcoin more attractive as a risk-on asset. Bitcoin’s 83% correlation with global liquidity trends suggests even modest rate cut expectations boost demand.
Bitcoin reclaimed its 30-day average of $88,981 and pivot point of $91,215, with moving average convergence divergence histogram at +184 – bullish divergence. However, Relative Strength Index at 54.3 shows room for volatility.
The short-term momentum favours bulls, but resistance looms at the 23.6% Fibonacci level ($92,325). A sustained close above $92.3k could target $94.8k (swing high). Failure risks retest of $88.7k.
New whale wallets accumulated 3,000 BTC worth $280 million within the last 24 hours, while the Blockchain Regulatory Certainty Act advanced to shield non-custodial devs from money-transmitter rules.
Whale buying absorbs sell-side pressure as BTC exchange reserves are at 5-year lows, while regulatory progress reduces existential risk for Bitcoin infrastructure.
Meanwhile, whale deposits (1,000+ BTC transfers) to Binance reached 0.66 of total inflows—the highest proportion since November 2024. Analysts explained that such spikes have preceded volatility, though impact varies with market liquidity.
On a positive note, 21Shares debuted Europe’s first physically backed Bitcoin-Gold ETP on the London Stock Exchange, blending BTC’s growth profile with gold’s stability. The product previously delivered 122.5% returns in sterling terms since its 2022 Swiss launch.
Crypto analysts said this is bullish for BTC because it expands regulated access to UK investors and diversifies demand sources, potentially mitigating volatility through hybrid exposure.
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