Bitcoin Bulls Eye $100K as Whales Accumulate
Bitcoin's price has been consolidating after its recent breakout above $62,229 on August 1 to $81,500. However, the market structure reveals a more important signal: larger holders are accumulating while smaller wallets distribute coins into strength.
The current correction is crucial to watch through the lens of holder behavior rather than price alone. Larger wallet groups have shown stronger accumulation during the advance, indicating that coins are moving from weaker or shorter-term holders toward investors with a longer-term positioning horizon.
The MVRV pricing band has emerged as the key level for bulls at $73,880. Holding above this zone would suggest that the recent pullback is a consolidation within the larger uptrend rather than a structural reversal.