Part 8/11:
Short-term holder (STH) profit-taking levels are back at break-even, indicating traders are no longer panicking or selling at losses and instead are holding their positions for potential gains.
Demand from accumulation addresses and whale purchase activity is robust, with whale holdings increasing and shrimp investors (less than 1 BTC) flooding into the market, holding 7% of the total supply.
The average allocation among top firms is estimated around 5-6%, significantly higher than the traditional 1% speculative allocation, signaling serious institutional bets.
Furthermore, Bitcoin's price charts project a potential $74,000 target before rallying further to over $100,000, based on inverse head-and-shoulders and trend line analyses.