Bitcoin $99,470 price shows recovery signals as it approaches the $100,000 level. The increase in Tether‘s USDT supply provides liquidity to the market, while the accumulation by large holders and on-chain indicators support the price rise.

Bitcoin Price Rally Targets New Peaks

In the last 24 hours, Bitcoin price jumped from the $96,000 support level, reaching $99,376 with a 2.17% increase. Its market capitalization remains at $1.97 trillion, but daily trading volume decreased by 33% to $84 billion.

Large Holders’ Accumulation and Support Levels

On-chain indicators reveal that large Bitcoin holders (whales) continue their accumulation during the recent price drop. Crypto analyst Ali Martinez noted, “In the last 24 hours, after the drop to $96,000, Bitcoin whales purchased 20,000 BTC, worth approximately $2 billion.”

Ali Martinez: “The active accumulation by Bitcoin whales conti…