TLDR
- In an impressive showing, Bitcoin surged by 4.24% to hit $88,804, marking its strongest weekly performance in over two months.
- Axel Adler Jr., an analyst, envisions Bitcoin rising to $130,000 within 90 days, supported by positive on-chain data metrics.
- A substantial acquisition occurred when a leading Bitcoin whale invested $200 million to buy 2,400 BTC on March 24, 2025.
- In a significant move, another whale, dormant since 2017, transferred 3,000 BTC valued at $250 million.
- BlackRock, the global asset management giant, has expanded its Bitcoin holdings by acquiring 4,054 BTC in a week, bringing their total to approximately 574,000 BTC, valued at over $50 billion.
Recently, Bitcoin has demonstrated robust market activity, climbing to $88,804 with a 4.24% increase, marking its best weekly performance in more than two months. It reclaimed its bullish trajectory by closing above the 200-day exponential moving average.
Experts predict that if Bitcoin sustains a weekly close above $84,600, it may attempt to challenge the $90,000 threshold shortly. However, it must first tackle the descending resistance to secure a firm footing above the range highs.
Bitcoin researcher Axel Adler Jr. Adler interprets the recent price fluctuations as healthy consolidation rather than the onset of a bear market. His analysis, grounded in on-chain metrics, suggests that Bitcoin hasn't yet hit an 'overheated' phase within this cycle, according to BTC's Investor Price Model.
The Investor Price Model has issued two sell signals in 2021, integrating critical metrics such as the realized cap, thermo cap, investor price, and Bitcoin supply.
Adler further reinforces his optimistic forecast by analyzing Bitcoin's Cumulative Value Days Destroyed (CVDD) metric, which tracks selling trends among long-term investors. It has only activated a sell alert once in the current bull phase, last March 2024.
Adler projects that Bitcoin might reach $130,000 in 90 days, noting that experienced investors might lock in profits when Bitcoin surpasses key levels at $123K, potentially placing downward pressure on prices.
Recent insights reveal a $1.5 billion spike in Bitcoin's open interest within 24 hours. This open interest reflects the accumulated value of all outstanding futures contracts in the market.
The funding rate, indicating the cost of maintaining leveraged positions, remains near neutral, suggesting a balanced control between bullish and bearish traders.
Expecting a Short-Term Price Adjustment Before Reaching $90K
Bitcoin witnessed a notable rally late Sunday, March 23rd. Weekend price surges often arise with reduced trading volumes as major players usually hold back until the week begins.
Technically, Bitcoin recorded a new peak at $88,750, eclipsing the previous week's high. It tested the upper Bollinger Band alongside the descending resistance and currently hovers within an ascending channel.
Given these technical signals, Bitcoin might face a brief correction, targeting the demand zone around $86,000-$87,000, before attempting to surge past the $90,000 level.
Cryptocurrency expert Michaël van de Poppe noted Bitcoin's upward momentum and anticipates this trend could lead towards the $90,000 range shortly.
On March 25, 2025, at a noted time, Bitcoin's price hit $82,500, climbing 5% from its starting price of $78,500 that day, amid a high trading volume of about 30,000 BTC traded in one hour.
Backing this bullish trend, on-chain metrics reveal a 10% uptick in active addresses to 1.2 million from the previous day. The MVRV ratio, a crucial market valuation indicator, held at 3.2, signaling Bitcoin's premium over its realized value.
Key whale activities also support the bullish sentiment. On March 24, 2025, Arkham Intelligence identified a major Bitcoin whale investing $200 million to acquire 2,400 BTC.
This whale's digital wallet now holds over 15,000 BTC, worth over $1.3 billion. Previously, this whale was selling when the market hovered between $100,000 and $86,000, signaling renewed confidence with their buying strategy.
Another whale, inactive since 2017, transacted 3,000 BTC valued at $250 million on March 22, 2025, marking its most significant movement. Bitcoin Assets from this transfer remained untouched in a single wallet since 2017.
Institutional interest is on the rise as well. BlackRock, a top-tier asset management firm with $11.6 trillion in management, has purchased 4,054 BTC within a week, expanding their stake to about 574,000 BTC valued at over $50 billion.
The persistent Bitcoin Whale acquisitions are shaping short-term and long-term market sentiments. As significant investors continue to buy more, Bitcoin exchanges face a reduced supply, showcasing confidence in Bitcoin's enduring value.
The influence of Bitcoin whales extends beyond the digital coin itself, sparking interest in other cryptocurrencies as well. The market seems poised for another upward swing, with Bitcoin carving a path of ascending prices.
