You Won’t Believe Who’s Pushing Bitcoin to $100k – Hint: It’s No Wall Street Hotshot

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  • Bitcoin pulled off an 11% climb last week and somehow decided $94,000 was a nice comfy spot to crash on.
  • And get this: retail traders on Binance actually bought more than 15,000 BTC from April 19th to 23rd. Regular folks, not some crypto sharks. Go figure.

So Bitcoin [BTC], that digital rollercoaster everybody’s pretending they totally understand, jumped 11% last week and settled at around $94,000. Yeah, because nothing screams stability like a random number with a bunch of zeroes.

Right now, Bitcoin’s hanging out awkwardly between $89,000 and the shiny, mythical $100,000 mark. It’s like waiting for your Uber, except the driver might ghost you or just cancel outright.

The charts are basically giving you mixed signals — like a date who says they love hiking but is clearly sweating bullets driving through the city traffic.

Binance: Crypto’s version of a nightclub with a secret list?

Binance, which apparently handles 40% of retail spot trading, hinted the vibe is shifting — possibly good news for Bitcoin fans and haters alike.

From April 6th to 10th, over 15,000 BTC (yeah, that’s a billion-dollar bailout for some lucky soul) streamed into Binance, probably gearing up for some serious selling. Classic hoarding behavior, am I right?

Then, boom, attitude adjustment: investors start moving their coins into private wallets like paranoid squirrels burying nuts before winter — aka long-term storage or DIY vault mode.

From April 19th to 23rd, retail traders at Binance suddenly went on a buying spree, snagging over 15,000 BTC and keeping that upward momentum limping along.

Oh, and the “Exchange Whale Ratio” dropped below 0.3. If that sounds like alien math, it means whales (big fish) were chilling on the sidelines while the little guys said, “Hey, we got this.”

Meanwhile, U.S. and Korean traders woke up from their nap and showed some love for Bitcoin. Because apparently, nothing says “party” like buying digital coins from your couch.

U.S. and Korean traders: Back at it like caffeine addicts

CryptoQuant’s crystal ball (aka analytics) shows Korean traders are feeling pretty good lately, flipping the script from selling to buying. It’s like watching a bad romcom, but with charts.

The buying “index” is sitting at 0.8 — which honestly sounds like your buddy saying, “Yeah, I’ll probably come out tonight,” but this one’s actually good news.

If that number zooms to 3 (been there before), we might see a full-blown Bitcoin binge.

U.S. investors, who were selling off their stash like it was Tupperware on clearance until 2020, now seem pumped to buy. Big suspense there.

Buyers in the U.S. just hit a new high since February 3rd, so someone’s really betting on the coin not being a giant joke.

With Korean and U.S. buyers putting in overtime, Bitcoin might get a rally. But don’t pop the champagne yet, because other players still want to sell you that bill of goods.

Enter the party poopers: Selling pressure

The long-term holders are like that one friend who’s nervous about everything — cautious about Bitcoin’s climb because the “Binary Coin Days Destroyed” is dropping, whatever that means.

When this Binary CDD hits 1, it screams, “Sell, sell, sell!” like it’s Black Friday on crypto.

AMBCrypto traced this all back to good old profit-taking, with the Adjusted Spent Output Profit Ratio (aSOPR) hanging above 1. If that acronym makes your head spin, just know: sales happened. And people made money.

But hey, profit-taking isn’t all bad — it’s like a coffee break for the market. Gives it energy to keep going. If Bitcoin chills out between $95,000 and $96,000, the long-term holders might come back swinging, turning the party back on. 🍾

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2025-04-26 23:13