Bitcoin Surges Towards $100,000 as Whales and Institutions Shift Reserves

A significant movement of Bitcoin by whales and institutions is driving a surge in the price of Bitcoin. Exchange reserves have plummeted to all-time lows, contributing to a record increase in prices and signaling a shift toward self-custody. Analysts attribute this trend to long-term accumulation by both large investors and governments, who are transferring assets from centralized exchanges into cold storage.