Whale Activity Boosts Bitcoin, Signaling Potential Breakout at $120K

Large cryptocurrency transfers involving Bitcoin have been detected, potentially pointing to a major market shift. Two significant transactions, totaling nearly $216 million in value, sent 1,995 BTC from unknown wallets to Coinbase Institutional. The first transfer involved 1,083 BTC worth approximately $117 million, while the second transfer was 912 BTC valued at $99 million, courtesy of Cumberland. These large movements have prompted market analysts to speculate about potential Bitcoin price action.