$6 Billion BTC Buying Spree Hits Exchanges as Bitcoin Price Races toward $100,000

Core Insights - Bitcoin experienced a significant price surge, rising from approximately $91,000 to over $95,000 within a few days, indicating strong market momentum [1] - A substantial influx of Bitcoin into major exchange wallets has been observed, suggesting increased buying activity [2][3] Exchange Inflows - Binance wallets added 32,752 BTC, while Coinbase saw an increase of 26,486 BTC, contributing to a total of around $6 billion in inflows across major exchanges [2] - Smaller exchanges like Kraken and Bitfinex also reported notable inflows, with 3,508 BTC and 3,000 BTC added, respectively [2] Market Speculation - The scale of Bitcoin transfers has led to discussions about potential coordinated market activity, although Binance's CEO clarified that these deposits were user purchases rather than internal buys [3] - Analysts suggest that the data indicates strong participation from institutional and high-net-worth investors [3] ETF Inflows - Bitcoin ETF inflows reached $753 million, the highest since October 2025, with Fidelity's FBTC leading the inflows at $351 million [4][5] Price Projections - The bullish sentiment in the crypto market, alongside recent buying activity, positions Bitcoin towards the $100,000 mark [7] - Investors are considering macroeconomic factors such as inflation and central bank liquidity, which may influence Bitcoin's price trajectory [7] Long-term Value - The recent surge reinforces Bitcoin's status as a long-term store of value amid financial uncertainty and geopolitical instability [8] Market Dynamics - Arkham's data highlights a concentration of activity among major exchanges, which are critical for institutional buying, and such inflows typically precede significant price rallies [9]