Bitcoin is nearing its all-time high thanks to increased accumulation by whales, with large addresses seeing a net inflow of 21,470 BTC. The amount of whale transactions worth at least $100,000 also doubled to $78.37 billion, with over $228 billion in whale transactions over the past week. This activity is causing fear of missing out and high volatility in the market. Bernstein Research has raised its price target for Bitcoin to $200,000 by 2025, citing regulatory changes and increased institutional demand. The number of daily active Bitcoin addresses and trading volume have also seen significant increases. MicroStrategy added 51,780 BTC to its reserves and announced plans to raise $1.75 billion to buy more Bitcoin. However, the market direction may be impacted by the Federal Reserve's hawkish stance on interest rates.



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