- Bitcoin has surged past $100,000, driven by strong buying pressure on Binance and renewed market optimism.
- On-chain data shows new whales accumulating BTC, signaling growing long-term confidence in the asset.
Bitcoin has officially reclaimed the $100,000 milestone, sparking a fresh wave of optimism across the cryptocurrency market. Currently trading at $100,383, the world’s leading digital asset has gained 3.5% over the past 24 hours, signaling renewed bullish momentum after weeks of sideways movement.
Although still 8.4% below its all-time high of $109,000 set in January 2025, Bitcoin’s recent breakout suggests there’s potential for further upside — especially as key indicators point to intensifying buy-side pressure.
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One such indicator, the Taker Buy/Sell Ratio on Binance, has drawn significant attention. According to a recent CryptoQuant report by analyst Crazzyblockk, the ratio has risen to 1.131, meaning aggressive buyers are now clearly outweighing sellers on the platform. The seven-day average stands at 1.045, while the 30-day rate has surged by 12.1%, underlining growing demand.
Binance, due to its high liquidity and trading volume, serves as a trusted barometer for institutional sentiment. A ratio above 1.1 typically indicates strong bullish positioning. However, with a z-score of 2.45, some analysts warn of short-term overbought conditions — though not necessarily a reversal.
Meanwhile, on-chain data is revealing a deeper shift in market structure. Analyst OnChainSchool highlighted a surge in “new whales” — wallets holding over 1,000 BTC and coins older than 155 days. This “new-old whale” ratio has jumped 75.6% year-to-date, showing a redistribution of Bitcoin wealth toward fresh, high-value holders.
These wallets have collectively added over 430,000 BTC, while older whales have reduced their exposure by approximately 24,000 BTC. This change, along with Bitcoin’s realized cap reaching an all-time high, suggests long-term conviction among a new class of investors.
With momentum building and buying pressure intensifying, all eyes are on Bitcoin’s next move. If support holds above $99,000 and Binance’s taker ratio remains elevated, the path to retesting January’s highs could open sooner than expected.
