Bitcoin is currently trading above the significant $100,000 price level, driven by steady capital inflows.

The recent launch of BlackRock's IBIT ETF has attracted a remarkable $741 million in a single day, highlighting strong institutional interest in Bitcoin.

Long-term holders have capitalized on the current market conditions, realizing record profits of $2.1 billion as they distribute supply at scale.

This surge in Bitcoin's market momentum can be attributed to a combination of whale accumulation, institutional investments, and active participation from long-term holders.

High-net-worth investors are accumulating Bitcoin, as evidenced by significant withdrawals from exchanges, including 501 BTC from Bitfinex and 551.5 BTC from Binance.

Bitcoin spot ETFs have experienced a net inflow of $494 million as of mid-December, marking 14 consecutive days of positive inflows.

Historical trends from previous bull runs in 2017 and 2020 indicate that Bitcoin may face corrections at price points of $110,000, $125,000, and $150,000, with a potential peak projection of $220,000.

Recent activity from major whales, who collectively purchased 1,153 BTC valued at approximately $120 million, suggests increasing market confidence.