Bitcoin near $100,000: growth fueled by whale greed

Active Buying

The whales are actively buying bitcoin, driving the price to $92,000, close to the all-time highs. On November 18, the number of BTC from large addresses increased by 21,470 BTC and total whale transactions reached $78.37 billion with over 23,000 unique transactions.

MicroStrategy’s Plan

MicroStrategy announced that they added 51,780 BTC (worth $4.6 billion) to their reserves, raising the total to over 331,200 BTC. They also plan to raise $1.75 billion through bonds to purchase more BTC.

FOMO and Price Prediction

This growth causes fear of missing out (FOMO) among retail investors, potentially creating a major push for bitcoin to surpass the $100,000 threshold before December. However, high interest rates may threaten bitcoin’s growth momentum.