Bitcoin recently achieved its best weekly performance in over two months, climbing 4.24% to $88,804
Analyst Axel Adler Jr. predicts Bitcoin could reach $130,000 within 90 days, based on onchain metrics
A major Bitcoin whale purchased 2,400 BTC worth $200 million on March 24, 2025
Another whale that had been inactive since 2017 moved 3,000 BTC valued at $250 million
BlackRock has acquired 4,054 BTC in seven days, growing their position to approximately 574,000 BTC worth over $50 billion
Bitcoin has recently shown strong market performance, climbing 4.24% to reach an intra-day high of $88,804. This marks Bitcoin’s best weekly performance in over two months. The cryptocurrency has reclaimed a bullish stance on the charts, closing above the daily chart’s 200-day exponential moving average.
With a weekly close above $84,600, experts suggest that Bitcoin has an increased likelihood of testing the $90,000 mark soon. However, BTC must first overcome the descending resistance level to make a sustainable move at the range highs.
Bitcoin researcher Axel Adler Jr. views the current price action as healthy consolidation rather than the beginning of a bear market. According to Adler’s analysis of onchain metrics, Bitcoin has not yet entered “overheated” territory in this cycle, as indicated by BTC’s Investor Price Model.
This particular model has flashed sell signals twice during 2021. It incorporates several key metrics: the realized cap, thermo cap, investor price, and Bitcoin supply.
Adler further supports his bullish outlook using Bitcoin’s cumulative value days destroyed (CVDD) metric. This tool monitors selling activity among long-term holders. In the current bull cycle (2024-2025), it has triggered a sell signal just once, back in March 2024.
Based on his analysis, Adler predicts that Bitcoin could climb to $130,000 within 90 days. He notes that we might see “seasoned investors taking profits once Bitcoin breaches key peak levels ($123K), potentially exerting downward pressure on the price.”
Recent data shows Bitcoin’s open interest (OI) jumped by over $1.5 billion in a 24-hour period. Open interest represents the total value of outstanding futures contracts in the market.
The funding rate, which reflects the cost of holding leveraged positions, has stayed near neutral. This suggests that neither bullish (long) nor bearish (short) traders are dominantly in control of the market at present.
Short-Term Correction Likely Before $90K
Bitcoin experienced a surge in upward momentum late on Sunday, March 23rd. Weekend price rallies often occur with lower trading volume, as larger market participants tend to step back until the start of the week.
From a technical perspective, Bitcoin registered a new high at $88,750 over the previous week’s top. However, the price tested the upper Bollinger Band alongside the descending resistance. Additionally, BTC is oscillating within an ascending channel.
Based on these technical indicators, Bitcoin could witness a short-term correction to test the demand zone around $86,000-$87,000 before breaking through the $90,000 threshold.
Cryptocurrency analyst Michaël van de Poppe has also noted Bitcoin’s solid upward trend. Van de Poppe expects this trend to continue toward the $90,000 mark in the coming days.
At a specific time on March 25, 2025, Bitcoin’s price reached $82,500, marking a 5% increase from its opening price of $78,500 earlier that day. This upward movement came with a large trading volume of approximately 30,000 BTC traded within an hour.
On-chain metrics further supported this bullish trend, with active addresses increasing by 10% compared to the previous day, reaching 1.2 million. The MVRV ratio, a key indicator of market valuation, stood at 3.2, suggesting Bitcoin was trading at a premium compared to its realized value.
The market has also seen key whale activity that supports the bullish case. On March 24, 2025, blockchain analytics firm Arkham Intelligence discovered that a major Bitcoin whale invested $200 million to purchase 2,400 BTC.
This whale now holds over 15,000 BTC in its digital wallet, worth more than $1.3 billion. Before this year, the whale had been selling Bitcoin until the market value fluctuated between $100,000 and $86,000. This change in buying behavior may signal confidence in upcoming price increases.
Another whale that had remained inactive since 2017 made a transaction of 3,000 BTC valued at $250 million on March 22, 2025. This was the whale’s largest Bitcoin transfer, moving assets that had been held in a single wallet since 2017.
Institutional interest continues to grow as well. BlackRock, the world’s largest asset management company with $11.6 trillion under management, acquired 4,054 BTC in seven days. This has grown their position to approximately 574,000 BTC worth more than $50 billion.
The persistent Bitcoin acquisitions by whales are creating both near-term and long-term changes in market sentiment. Bitcoin exchanges now have a reduced supply as large investors continue to make additional purchases. The buying activities demonstrate confidence in Bitcoin’s long-term value.
Bitcoin whales influence extends beyond Bitcoin itself to related systems. Their accumulation results in growing interest in additional cryptocurrencies as well. The market appears set for another upswing as Bitcoin shows a pattern of rising prices.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
