After Bitcoin touched the $87,000 mark (for the first time since January) and stabilized near $84,000, the market received a clear signal: "smart money" is not just holding positions but actively increasing them.
We’ve gathered the key takeaways on who is driving this market and what to expect next:
🐋 Whales are ramping up
According to Santiment, wallets holding between 100 and 1,000 BTC have accumulated an additional 113,950 BTC (+2.22%) since July 15. Their total balance now stands at 5.24 million coins.
Historically, such active accumulation by this class of investor has preceded or accompanied the most powerful growth surges.
This confirms that the current rise isn't just retail FOMO, but systematic buying by major players.
📈 Key technical levels
Breaking a key average: BTC has risen above the 365-day moving average (~$80,500). The last time such a breakout occurred was in March 2023, followed by a prolonged bull trend.
Breakout zone: The coin has confidently cleared the tough $76,000–$81,000 supply zone.
Next barrier: The rally's main test now lies in the $88,000–$90,000 range, where large volumes of coins are concentrated.
🏛 Wall Street as the Main Driver
Traditional financial markets play an equally important role. On Monday alone, inflows into US spot Bitcoin ETFs exceeded 1 billion.
Investors are increasingly viewing BTC not merely as a risky asset for quick gains, but as a hedge against inflation, geopolitical risks, and fiscal instability.
❓ What’s Next?
A short squeeze or sustained growth? Part of the rapid surge was driven by the liquidation of short positions. According to Bernardo Brites (Trace Finance), the rally's future trajectory depends on whether ETF capital inflows persist and whether the supply of stablecoins begins to rise again.
Lower Volatility, More Moderate Growth: CryptoQuant founder Ki Young Ju believes that the days of 10x surges are a thing of the past due to the influx of institutional capital. The current cycle may deliver more moderate yet sustainable growth of 3–5x, accompanied by milder bearish phases.