On-Chain Data Shows Bitcoin Whales Hold Strong as $100K Target Awaits

Bitcoin recently touched a record high of $99,800 but retraced slightly, entering a consolidation phase near $90,000. Despite the pullback, confidence among large investors remains firm. According to CryptoQuant analyst Axel Adler, whales and institutional players are not selling their holdings, signaling trust in Bitcoin’s long-term growth. On-chain data reveals that the daily average exchange inflow of whales remains steady at just over 5,000 BTC, suggesting no rush to exit positions. This lack of selling pressure supports optimism for Bitcoin’s future, even amid short-term volatility.