Bitcoin (BTCUSD) is testing a key resistance at $94,000. A sustained break above this level could trigger notable gains for the asset. Traders will watch closely for convincing price action above the threshold.
Major US banks have been accumulating BTC, signaling growing institutional demand. In contrast, some retail investors have moved toward selling amid heightened volatility. Binance founder Changpeng Zhao (CZ) noted these dynamics in recent remarks.
A transfer of 2,000 BTC from the 2010 block rewards was moved to Coinbase, suggesting preparation for a potential market sale. The move underscores ongoing liquidity readiness as the market braces for possible new activity.
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