The post On-Chain Data Shows Bitcoin Whales Hold Strong as $100K Target Awaits appeared first on Coinpedia Fintech News
Bitcoin recently touched a record high of $99,800 but retraced slightly, entering a consolidation phase near $90,000. Despite the pullback, confidence among large investors remains firm. According to CryptoQuant analyst Axel Adler, whales and institutional players are not selling their holdings, signaling trust in Bitcoin’s long-term growth. On-chain data reveals that the daily average exchange inflow of whales remains steady at just over 5,000 BTC ($107,396.00), suggesting no rush to exit positions. This lack of selling pressure supports optimism for Bitcoin’s future, even amid short-term volatility.
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