Bitcoin eyes $100K once again – Can bullish momentum spur investors?

• Regardless of massive sell-offs, a sure cohort of traders has continued buying BTC, supporting its value motion.
• The bullish sentiment extends throughout Bitcoin miners and spot merchants available in the market as nicely.

Bitcoin [BTC] is starting to make strikes to reclaim the $100,000 area, buying and selling beneath it at $98,215.61 at press time, following a minor value achieve of 0.42% previously 24 hours.

The rally is predicted to increase, probably taking BTC into the marked zone on the chart, as there’s been a rising bullish sentiment from massive cohorts of traders, spot merchants, and miners available in the market.

Bitcoin redistribution going down

There’s a present redistribution of Bitcoin available in the market. This suggests that the group of market individuals holding extra BTC is shifting.

At present, the shift has been transferring from whales, who maintain at the very least 1% of the circulating BTC provide, to 2 different cohorts: Shrimp—holding lower than 1 BTC—and sharks, who maintain between 100–1,000 BTC.

Nevertheless, sharks are taking the lead.

Supply: Glassnode

In response to knowledge from Glassnode, Bitcoin sharks at the moment have a dominance of 20%, that means they’re accumulating extra BTC than some other cohort.

With this redistribution, significantly between small and comparatively massive holders, it suggests rising confidence amongst these cohorts, who seemingly see BTC’s dip beneath $100,000 as a shopping for alternative.

A more in-depth take a look at Bitcoin’s NUPL (Web Unrealized Revenue/Loss) confirms this bullish development.

On the time, the NUPL reveals the market is within the “perception” section, or a bullish continuation section, with a press time studying of 0.556, indicating general shopping for exercise.

Supply: Cryptoquant

Bitcoin miners realizing minimal revenue

Bitcoin miners, who play a serious position in sustaining the chain’s integrity, have regularly been promoting, as indicated by the Miner Place Index (MPI) on CryptoQuant.

The MPI learn adverse 0.8 on the time of writing, indicating low promoting strain. This implies miners are seemingly taking earnings to cowl operational prices.

Supply: CryptoQuant

As soon as this section concludes, these miners might regularly start buying BTC once more, including to their portfolios and contributing to the underlying bullish strain available in the market.

Spot merchants align

Spot merchants are starting to align with market sentiment, as there’s been important BTC buying exercise in latest days.

Learn Bitcoin’s [BTC] Value Prediction 2025–2026

Prior to now 24 hours alone, Change Netflow knowledge reveals 1,100 BTC had been bought from cryptocurrency exchanges—a major enhance from the 262 BTC bought yesterday.

Supply: CryptoQuant

If this buying development continues, it will point out a decisive bullish flip amongst spot merchants, aligning with the present sentiment from BTC investor teams and miners.