Bitcoin: Can $7.2B in fresh demand fuel BTC’s next breakout?
Bitcoin has been consolidating in December after reaching $91,277 earlier in the month, but signs of renewed accumulation suggest a potential push toward $100,000. Data shows accumulator addresses bought 78,000 BTC (worth $7.2 billion) in the first ten days of December, reflecting growing investor confidence. This sentiment is supported by the Fed's dovish stance and rate cut signals. In derivatives markets, taker buyers have returned, with positive funding rates and CVD data indicating increased buy-side activity. Liquidity analysis suggests fewer resistance levels on the upside toward $97,000, while support clusters near $88,000–$89,000 could limit downside moves. Overall, returning accumulators, derivatives buying, and macro optimism are strengthening Bitcoin’s bullish momentum.
ambcrypto12/12 15:01