Bitcoin whale demand is surging, lifting Bitcoin prices. Is BTC USD set for $90,000? In the last three months, prices plunged by nearly 30% from all-time highs, triggering massive liquidations. As prices pick up momentum, the Bitcoin hash rate is also trending higher, recently reaching all-time highs.
Although the Bitcoin price pulled back yesterday, dropping from $82,000, on-chain data points to strength. CryptoQuant analysts note that Bitcoin might be in the early stage of a higher correction, lifting some of the best Solana meme coins.
In their findings, large investors, or Bitcoin whales, are keen to buy more coins. Their demand has accelerated as more solid evidence builds, showing that these entities are positioning themselves for the next big leg up.
Interestingly, this is playing out just as Bitcoin prices have been moving sideways, shaking out weak hands. The involvement of large and long-term holders—most likely institutions or billionaires—at spot rates is a huge confidence boost.
It may set the foundation for the world’s most valuable coin to race toward $90,000 and even to all-time highs of nearly $110,000.
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Bitcoin Whales Are Buying In Droves: How Will It Effect BTC USD
Per CryptoQuant, addresses holding between 1,000 and 10,000 BTC continue to grow at a pace far exceeding their 30-day average.
This development means that whales have been scooping up more coins over the past months, surpassing the mean typical of previous months.
Large investor demand for Bitcoin is accelerating.
Balances of wallets holding 1K–10K BTC rising faster than their 30-day average.
Typically bullish, signals strong investor confidence. pic.twitter.com/hR5Rumj6A6
— CryptoQuant.com (@cryptoquant_com) April 10, 2025
This bullish divergence is a clear signal that high-net-worth individuals and institutions are accumulating coins at spot levels, possibly because, in their assessment, Bitcoin is undervalued.
CryptoQuant analysts added that prices tend to move higher whenever this divergence forms–a boost for altcoins and some of the best cryptos to buy.
Bitcoin is under pressure, down 27% from January 2025 highs of nearly $110,000. In recent days, BTCUSD prices have been consolidating, stuck in a tight range between $84,000 and $74,000.
While $90,000 is a key liquidation level that must be convincingly broken for Bitcoin bulls to target $100,000, the coin could plunge to Q2 2025 lows of around $74,500 or 2021 highs.
(BTCUSDT)
If Bitcoin whales are back and accumulating, buying on every dip, then a close above $88,000 and this week’s high might catalyze demand, lifting sentiment and prices. However, if this is a bluff, Bitcoin may end up crashing below 2021 highs, reversing all Q4 2024 gains before possibly plunging to $50,000.
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Bitcoin Hash Rate Rising: Miners Are Working Harder Than Ever
The surge in hash rate to all-time highs coincides with Bitcoin whale interest. This metric measures the computational power dedicated to the network. By April 9, it stood at over 100 EH/s, printing an all-time high, according to Blockchain.com data.
Miners like Marathon Digital often purchase gear and channel computing power to process transactions and confirm blocks for a share of block rewards.
(Source)
Despite the slowdown over the last three months, the divergence in hash rate and prices suggests that miners are confident that prices will rise. For this reason, they are doubling down on purchasing more energy-efficient gear, positioning them to process more blocks and, thus, generate more revenue.
The rising hash rate amid falling prices further shows that the recent sell-off and global market uncertainty sparked by Donald Trump’s tariffs could be a healthy correction—an opportunity for smart investors to buy the dip.
As data shows, long-term holders are stepping in and buying the dip as speculators, mostly short-term holders, are exiting, selling at a loss.
(Source)
Long-term holders are often institutions and veterans, and their involvement at spot rates points to a “classic redistribution behavior,” as one analyst notes.
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Bitcoin Whale Demand Surging: Is BTCUSD Targeting $90,000?
- Bitcoin price firm as Bitcoin whales step in, buying the dip
- Bitcoin hash rate rising, spikes to all-time highs despite recent price drop.
- Long-term holders accumulating as speculators capitulate
- Is this the best time to buy BTCUSD? Will prices hit $90,000?
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