Whales buy 270,000 BTC, pushing Bitcoin toward $90K milestone

Whales have scooped up 270,000 BTC in the past 30 days, pushing Bitcoin toward a $90,000 milestone. The market for Bitcoin above $68,000 on April 16 sits at 100% YES.

The whale buying has traders confident. Bitcoin’s April 16 price market is fully priced at 100% YES. This confidence extends to April 20, where odds for Bitcoin staying above $62,000 are at 99.6% YES, pointing to expectations of sustained support.

USDC flow is substantial, with $1,205,807 traded over the past 24 hours. Order book depth indicates it takes $62,837 to move the market 5 points, showing resistance to volatility. Traders are betting on continued upward momentum, with whale activity as a bullish signal.

For traders, the accumulation by whales, combined with geopolitical tensions in Eastern Europe and the collapsing U.S.-Iran ceasefire, has amplified Bitcoin’s appeal as a hedge. At 100% YES, buying YES shares at 100¢ offers no upside, but the broader market expects continued price growth toward $90,000.

Watch developments around geopolitical tensions and energy market shifts, particularly any further news from the Russia-Ukraine conflict or U.S.-Iran talks. These factors could provide additional momentum or act as a dampener if situations deescalate.