Bitcoin Sees Surge in Withdrawals as Price Targets $113,800

Bitcoin withdrawals topped 40,000 this past week, alleviating selling pressure. Whale accumulation and rising futures interest add to the bullish trend, targeting a price of $113,800 if BTC stays above $95,500.

Bitcoin has been seeing a notable uptick lately. In the last week alone, over 40,000 Bitcoin were withdrawn from exchanges—a shift that’s easing selling pressure and boosting investor confidence. This apparent bullish momentum is driven further by growing whale activity, an uptick in futures open interest, and the rise in institutional investments in Bitcoin ETFs. Analysts are now eyeing a potential price target of $113,800 if Bitcoin manages to hold above $95,500.