Bitcoin’s Surge Driven by Whale Accumulation: Retail FOMO Fuels Rise

Bitcoin is soaring past $94,000 as whales engage in aggressive buying and retail investors jump into the market with excitement. This price spike is fueled by both substantial investments from large institutions and a surge in retail interest fueled by FOMO (Fear of Missing Out). 32,800 BTC were acquired by whales in recent days according to Glassnode analysis, which reveals their significant role in driving price movements. Institutional investors are also showing confidence through their investments in Bitcoin ETFs, as reported by CryptoQuant. Analyst Michaël van de Poppe predicts this buying pressure may lead to a new all-time high for Bitcoin.