Wallets holding between 100 and 1,000 BTC have accumulated 113,950 Bitcoin since July 15, bringing their combined holdings to 5.24 million BTC, a 2.22% increase, according to Santiment. Bitcoin price briefly touched $87,000 earlier this week before retracing to around $84,000. The next resistance sits between $88,000 and $90,000, where a strong concentration of sell orders is expected. CryptoQuant estimates this cycle is more likely to produce a 3-to-5x rally rather than a past-style 10x blow-off, citing market maturation and growing institutional participation.
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