Bitcoin's $85K Breakout: A Master Class By Whale & Shark Wallets, While Retail Has Fed Their Bags

🥳 The crypto community is celebrating Bitcoin's new all-time high, scraping $85K about 20 minutes ago. In the past year, whale & shark wallets with at least 10 BTC have accumulated a total of 234.15K (now worth $19.76B).

Cryptocurrency's ascension can largely be attributed to the continued confidence and accumulation from these large key stakeholders. However, the crowd's consistent FUD, capitulation, and inconsistent faith in crypto (allowing whales to buy cheap) has also contributed to this historic run.

Currently, euphoria is high (though not nearly at the levels of mid-March when Bitcoin was in its previous all-time high cycle). Expect that prices can climb as long as whales continue buying more and the retail crowd keeps selling them their cheap coins during small dips.