Analysis: A group of whales holding over 1,000 Bitcoins has created the largest buying spree since 2013, with technical indicators pointing to $90,000.

CoinFeed reported on April 17th, citing Cointelegraph, that CryptoQuant's on-chain data shows that whales holding more than 1,000 Bitcoins have increased their holdings by approximately 270,000 Bitcoins in the past 30 days, roughly 20 times the daily new supply (approximately 4,500 Bitcoins), marking the largest buying spree since 2013. Strategy purchased approximately 42,166 Bitcoins during this period, accounting for about 16% of the whales' purchases. Glassnode data shows that US spot Bitcoin ETFs recorded net inflows of approximately $205 million during the same period, but this is still moderate compared to the earlier stages of the cycle. From a technical perspective, Bitcoin has broken out of a symmetrical triangle consolidation pattern, with a target price of approximately $92,220.