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Bitcoin Price Targets $90,000 as BTC Whales Go on Accumulation Spree

Bitcoin’s price recovered from a massive drop to a four-month low earlier this week and sits about seven grand higher now. Analysts believe that it could continue climbing and reach $90,000 as long as it remains above the $84,000 support level, which is being tested now. Whales Buying, BTC Rising Large BTC wallets, typically referred to as whales or sharks, are crucial to the asset’s price movements due to their ability to purchase or offload massive portions in a rather short timeframe that could impact the entire market. After months of accumulating before and during the run toward $110,000, they changed their stance in early February following Trump’s tariffs against several countries. Inevitably, BTC’s price tumbled, and its most recent bottom came earlier this week with a drop below $77,000 – a four-month low. During this correction, though, whales and sharks reversed their strategy once again and began accumulating more of the asset. The last few days of the business week saw another buying spree, with more than 20,000 BTC going into their wallets, according to Ali Martinez, who cited data from Santiment. In terms of USD value, this stash is worth close to $1.7 billion. Whales have bought over 20,000 #Bitcoin $BTC in the last 48 hours! pic.twitter.com/5e6eLvYEiN — Ali (@ali_charts) March 14, 2025 The popular analyst told his 130,000 followers on X that bitcoin could surge to $90,000 as long as the $84,000 support, which is being tested as of press time, holds. Leveraged Run? Although whales purchasing substantial portions of BTC within a few days could indeed impact bitcoin’s price, as well as the entire market, which has jumped since Thursday, CryptoQuant’s Maartunn outlined another possible reason behind the relief rally. He noted that the Bitcoin Open Interest had increased by about 13% from the recent lows and is close to $28 billion now. Consequently, he warned that this surge could be driven by a large number of leveraged positions, which is a double-edged sword. In case of a rapid BTC price crash, those leveraged longs could result in a massive liquidation cascade , as we have witnessed on a few occasions since the February correction. Leverage Driven Pump! Bitcoin Open Interest rises to $27.9 billion, marking a $3.3 billion (+13%) increase from its recent low. pic.twitter.com/e2nAisQ132 — Maartunn (@JA_Maartun) March 14, 2025 The post Bitcoin Price Targets $90,000 as BTC Whales Go on Accumulation Spree appeared first on CryptoPotato . CoinTurk News

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Expert identifies Solana’s path to $4,000

A trading expert has identified a technical setup that could see Solana ( SOL ) target the $4,000 mark as the decentralized finance ( DeFi ) asset continues to establish its price above the $100 support zone. According to Ali Martinez, Solana has the potential to surge by a staggering 2,900%, pointing to the formation of a cup and handle pattern as a strong indicator of a bullish trend, he said in an X post on March 14. Solana price analysis chart. Source: Ali Martinez Martinez noted that since November 2021, Solana has experienced a U-shaped decline, followed by a level-off phase, which is now evolving into the pattern’s “handle.” This technical formation is often seen as a precursor to a major upward movement in price. The cup and handle pattern is bullish, where the price forms a rounded bottom (the cup) followed by a consolidation phase (the handle). A breakout above the resistance level signals a potential rally. Martinez suggested that Solana could break the $200 resistance, paving the way for a surge toward $4,000. He emphasized that if Solana can decisively break above the $200 mark, the odds of a continued bullish rally increase significantly. In this case, a $4,000 valuation would likely elevate Solana to the highest-ranked digital asset with a market cap exceeding $2 trillion, provided Bitcoin ( BTC ) stagnates during this period. Meanwhile, another analysis by Ted Pillows in an X post on March 14 also stressed the significance of Solana holding the $110 level, as dropping below this mark could usher in a sustained correction for SOL. Solana price analysis chart. Source: Ted Pillows The expert stated that Solana stands at a key juncture, considering its retest of a multi-year support zone and a long-term uptrend line. Historically, these levels have provided strong buying opportunities. He highlighted the importance of the $110 to $120 zone, noting that failure to hold support could open the door for a deeper correction of 30% to 40%. However, a successful bounce could signal a reversal, with a potential upside if bullish momentum returns. Solana price fundamentals Although technical indicators are crucial to Solana’s next price trajectory, other fundamentals are also coming into play, with the spot exchange-traded fund ( ETF ) ranking as a key factor. Several entities have applied for the product with the Securities and Exchange Commission ( SEC ). On March 11, the SEC postponed its decision on multiple altcoin ETFs, including those for XRP , Solana, Litecoin ( LTC ), and Dogecoin ( DOGE ). The agency extended its review period, pushing decisions on Grayscale’s XRP ETF and Cboe BZX’s Solana ETF to May. SEC ETF verdict. Source : SEC Notably, Bloomberg ETF analyst James Seyffart called the delay “expected,” noting that final deadlines extend until October. Fellow analyst Eric Balchunas added that other ETF proposals, including one for Ethereum ( ETH ) staking, were also delayed. Eth staking and in-kind also delayed. Everything delayed. It`s like the NYC-bound Amtrak on monday morning: "Mechanical issues in DC" — Eric Balchunas (@EricBalchunas) March 11, 2025 The SEC has previously extended crypto ETF decisions amid leadership changes following Gary Gensler’s exit from the regulator. Although part of Solana’s momentum last year was driven by meme coin activity on its network, an ETF approval could help broaden SOL’s appeal and attract long-term investors. On the other hand, a proposal to slash Solana’s inflation rate by 80% (SIMD-228) has failed to pass after falling short of the required 66.67% approval. Despite securing 61.39% “Yes” votes, opposition from smaller validators tipped the balance, keeping SOL issuance unchanged. The decision could lead to short-term selling pressure, as lower inflation would have reduced token supply, potentially driving up SOL’s price. However, higher rewards may sustain validator participation and network security, a long-term positive. SOL price analysis As of press time, Solana was trading at $133.10, well below its 50-day ($183.93) and 200-day ($186.79) moving averages ( MA ), signaling a strong downtrend. The asset’s market sentiment remains bearish, with the Fear & Greed Index at 27 (Fear). However, the 14-day relative strength index ( RSI ) stands at 35.38. SOL must reclaim $150 and break above key resistance levels to reverse the bearish trend. Until then, downside risks remain in play. Featured image via Shutterstock The post Expert identifies Solana’s path to $4,000 appeared first on Finbold . CoinTurk News