- Bitcoin nears $100,000, with investors optimistic about further growth despite all-time high levels.
- $4.5 billion worth of Bitcoin was transferred from exchanges to personal wallets, indicating confidence in continued upward movement.
- Over 12% of the outflow came from whale accounts, suggesting high optimism about Bitcoin’s future.
As Bitcoin nears the historic milestone of $100,000 per coin — investors appear optimistic about even larger growth in the future, despite the asset being at its all-time highest levels.
A recent report from IntoTheBlock revealed that the amount was $4.5 billion worth of Bitcoin was transferred from exchanges worldwide over the past week. This movement implies confidence from holders that the currency will continue its upward path in the future.
When investors move digital assets away from exchanges it generally suggests that they are transferring these funds to personal wallets — willing to hold out to them for longer.
Over 12% of the $4.5 billion BTC outflow was made from whale accounts — suggesting an even higher optimism about the future.
At this time of writing, Bitcoin trades at $98,427 with a daily peak at $99,605. Over the past 24 hours, BTC is about breaking even with a modest 0.14% decrease in that timeframe. Weekly, Bitcoin is up by 7.52% while in the monthly charts, the asset saw an increase of nearly 50% in value.
Following such a strong bullish trend — it is easy to assume that the ship for BTC profits has sailed. However, the vast majority of investors remain confident that Bitcoin will break the $100,000 margin and then continue to even more gains.
Nearly 100% of Bitcoin holders are at a profit — according to IntoTheBlock signals. At the same time, the Fear & Greed index reveals a 93-point ‘greed’ index. Next year will undoubtedly be an important one. The changes in the U.S. Government happening as Donald Trump takes office are bound to shake up the markets — and if the stars align we could be seeing a new era of development for digital assets.
