{"id":424638,"date":"2026-04-17T06:53:55","date_gmt":"2026-04-17T01:23:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-eyes-90k-as-whales-devour-20x-daily-btc-supply-in-just-30-days-crypto-news\/"},"modified":"2026-04-17T07:03:29","modified_gmt":"2026-04-17T01:33:29","slug":"bitcoin-eyes-90k-as-whales-devour-20x-daily-btc-supply-in-just-30-days-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-eyes-90k-as-whales-devour-20x-daily-btc-supply-in-just-30-days-crypto-news\/","title":{"rendered":"Bitcoin Eyes $90K As Whales Devour 20x Daily BTC Supply In Just 30 Days &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"html-renderer-container\">\n<p>Bitcoin (<a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/price-indexes\/bitcoin\" href=\"https:\/\/cointelegraph.com\/price-indexes\/bitcoin\" target=\"_self\" rel=\"\">BTC<\/a>) appears on track to hit $90,000 in the coming weeks as whales accumulated about 20 times the cryptocurrency\u2019s daily new supply in the past weeks.<\/p>\n<p><strong>Key takeaways<\/strong>:<\/p>\n<ul>\n<li>\n<p>Whales bought roughly 270,000 BTC in the past 30 days.<\/p>\n<\/li>\n<li>\n<p>BTC broke out of its symmetrical pattern setup with a measured target at around $92,220.<\/p>\n<\/li>\n<\/ul>\n<h2>BTC whales accumulate at fastest pace since 2013<\/h2>\n<p>Whales, entities that hold over 1,000 BTC, have added roughly 270,000 coins to their wallets in the past 30 days, marking their largest buying spree since 2013, according to onchain data resource <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cryptoquant.com\/asset\/btc\/chart\/market-indicator\/spot-average-order-size?window=DAY\" href=\"https:\/\/cryptoquant.com\/asset\/btc\/chart\/market-indicator\/spot-average-order-size?window=DAY\" target=\"_blank\" rel=\"nofollow noopener\">CryptoQuant<\/a>.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Bitcoin spot average order size. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p>Part of that whale accumulation likely came from Strategy. The company\u2019s recent <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/strategy-buys-13-927-bitcoin-1b-holdings-780-897-btc\" href=\"https:\/\/cointelegraph.com\/news\/strategy-buys-13-927-bitcoin-1b-holdings-780-897-btc\" target=\"_self\" rel=\"\">filings show<\/a> that it bought about 42,166 BTC between March and April, accounting for roughly 16% of the 270,000 BTC added by whale wallets over the same period.<\/p>\n<p>US-based spot Bitcoin ETFs also recorded more than $200 million in net inflows during that stretch. Still, those inflows remain modest compared with earlier phases of the cycle, pointing to cautious re-engagement by Wall Street traders.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d9747-70c1-7c43-919a-d10360088fbd.png\"\/><figcaption style=\"text-align: center;\"><em>US spot Bitcoin ETFs 30-day flows. Source: <\/em><a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/studio.glassnode.com\/charts\/institutions.UsSpotEtfFlowsAll?a=BTC&#038;c=usd&#038;s=1765260237&#038;subset=&#038;u=1776359061&#038;zoom=\" href=\"https:\/\/studio.glassnode.com\/charts\/institutions.UsSpotEtfFlowsAll?a=BTC&#038;c=usd&#038;s=1765260237&#038;subset=&#038;u=1776359061&#038;zoom=\" target=\"_blank\" rel=\"nofollow noopener\"><em>Glassnode<\/em><\/a><\/figcaption><\/figure>\n<p>The accumulation came even as Bitcoin whipsawed sharply in recent weeks, including a roughly 15% drawdown before fully recovering those losses, with <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/tech-stocks-push-nasdaq-sp500-record-highs-as-bitcoin-taps-75k\" href=\"https:\/\/cointelegraph.com\/news\/tech-stocks-push-nasdaq-sp500-record-highs-as-bitcoin-taps-75k\" target=\"_self\" rel=\"\">easing US\u2013Iran tensions<\/a> helping drive the rebound in risk appetite.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/markets\/bitcoin-traders-cash-out-63k-btc-profits-as-price-rallied-above-dollar76k\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-traders-cash-out-63k-btc-profits-as-price-rallied-above-dollar76k\" target=\"_self\" rel=\"\"><em><strong>Bitcoin\u00a0traders cash out 63K BTC profit as price rallied above $76K: Will the market rebound?<\/strong><\/em><\/a><\/p>\n<h2>BTC triangle setup hints at rebound to $90,000<\/h2>\n<p>From a technical perspective, Bitcoin has entered the breakout stage of its prevailing symmetrical triangle pattern.<\/p>\n<p>Triangle patterns can break in either direction regardless of the prevailing trend, with the resulting move often matching the formation\u2019s maximum height.<\/p>\n<p>In Bitcoin\u2019s case, price has broken to the upside after moving above the triangle\u2019s upper trendline, opening the door for a potential rally toward the measured target near $92,220 by April or May.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d975b-945a-75ed-9a8a-156de4f89ab8.png\"\/><figcaption style=\"text-align: center;\"><em>BTC\/USD daily price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Bitcoin\u2019s price must break decisively above its 200-day exponential moving average (200-day EMA, the blue line) at around $83,000 to reach the triangle target. This EMA was instrumental in limiting BTC\u2019s attempts at an upside breakout in January.<\/p>\n<p>Earlier, Nic Puckrin, crypto analyst and founder of Coin Bureau, said <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/btc-fragile-iran-fallout-dominate-markets-2026\" href=\"https:\/\/cointelegraph.com\/news\/btc-fragile-iran-fallout-dominate-markets-2026\" target=\"_self\" rel=\"\">Bitcoin could push toward $90,000<\/a> if the current US\u2013Iran ceasefire holds, oil prices fall toward $80, and softer economic data helps ease stagflation fears.<\/p>\n<p><template data-type=\"markets_outlook\" data-name=\"subscription_form\" data-label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<p data-testid=\"post-category-disclaimer\"><!----><span class=\"[&#038;_a:hover]:no-underline [&#038;_a]:underline\">This article is produced in accordance with Cointelegraph&#8217;s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) appears on track to hit $90,000 in the coming weeks as whales accumulated about 20 times the cryptocurrency\u2019s daily new supply in the past weeks. Key takeaways: Whales bought roughly 270,000 BTC in the past 30 days. BTC broke out of its symmetrical pattern setup with a measured target at around $92,220. BTC [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":424647,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-424638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=424638"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424638\/revisions"}],"predecessor-version":[{"id":424649,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424638\/revisions\/424649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/424647"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=424638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=424638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=424638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}