CryptoQuant: Bitcoin bull cycle is not over yet, short-term support is at $100,000

According to CryptoQuant's weekly report, whale addresses (those holding 100 to 1,000 Bitcoins) currently hold approximately 5.16 million BTC, representing 26% of the circulating supply, making them the most significant holding group in the current market. By 2025, whale addresses had accumulated approximately 681,000 BTC, while other address groups experienced net reductions, indicating a trend of institutional investors absorbing retail selling. The annual growth rate of whale holdings is 907,000 BTC, exceeding the 365-day average of 730,000 BTC, indicating continued strong long-term demand. However, short-term momentum is weakening, and if the monthly increase in holdings fails to reaccelerate, Bitcoin's price may struggle to break through the $126,000 high. Bitcoin currently faces resistance at $115,000 and support at $100,000. A break below $100,000 could trigger a further correction to around $75,000.