Bitcoin briefly reached $87,000 for the first time since January before stabilizing near $84,000. Whales, wallets holding between 100 and 1,000 BTC, accumulated 113,950 units since July 15, bringing their total holdings to approximately 5.24 million BTC, a 2.22% increase. Breaking above the 365-day moving average, around $80,500, represents a major bullish signal for the longer-term trend, with the next resistance zone lying between $88,000 and $90,000. U.S. spot Bitcoin ETFs attracted nearly $1 billion on Monday, suggesting that institutional flows through traditional financial markets are the primary driver of this recovery rather than a broad return of risk appetite.
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