Bitcoin Price Surges Past $94,000 as Institutional Demand and Whale Accumulation Strengthen Rally

Bitcoin Recovers Strongly After April Lows Amid Renewed Investor Confidence

Bitcoin has breached the $94,000 (approximately ₹80.3 lakh) mark on international exchanges, driven by aggressive acquisitions from institutional investors and crypto whales. The world’s largest cryptocurrency has gained 7.80 percent over the past seven days and recorded a slight 0.12 percent uptick on global exchanges on Monday.

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On Indian exchanges, Bitcoin showed minor fluctuation, slipping by 0.09 percent. It is currently trading between $91,400 (roughly ₹78 lakh) and $94,450 (roughly ₹80.3 lakh). April had been a challenging month for Bitcoin investors, with prices plunging to a 2025 low of $76,000 (roughly ₹64.8 lakh) due to macroeconomic instability and escalating trade tensions between China and the United States.

Whale Accumulation and Key Resistance Levels

According to Edul Patel, Co-founder and CEO of Mudrex, Bitcoin faces immediate resistance at $96,000 (approximately ₹81.9 lakh), while crucial support lies at $90,500 (around ₹77.2 lakh). Data from blockchain analytics firm Glassnode indicates a sharp rise in whale activity, with wallets holding over 10,000 BTC increasing from 124,000 to 137,600 over the past month. This trend of steady accumulation is contributing to Bitcoin’s current upward momentum.

Ethereum Struggles Near Resistance, Broader Altcoin Market Sees Mixed Performance

Ether (ETH), the second-largest cryptocurrency by market cap, witnessed a slight 0.33 percent dip on international exchanges. As of Monday, Ether is trading at $1,792 (roughly ₹1.52 lakh) globally and around $1,798 (approximately ₹1.53 lakh) on Indian platforms such as CoinSwitch and CoinDCX.

“Ethereum is attempting to break past the crucial $1,800 resistance level, signaling potential bullish momentum ahead,” said Himanshu Maradiya, Founder of CIFDAQ exchange. He added that overall market sentiment remains cautiously optimistic, with select altcoins leading early signs of a possible next phase in the market’s recovery.

However, the broader altcoin market saw mixed trends. Major cryptocurrencies like Tether, Solana, Dogecoin, Cardano, and Tron recorded small losses. Other altcoins, including Stellar, Shiba Inu, Bitcoin Cash, and Polkadot, also posted slight declines.

Conversely, Ripple (XRP), Chainlink, Avalanche, Leo, Monero, and Near Protocol recorded gains, reflecting localized strength across certain sectors of the crypto market.

Crypto Market Outlook Remains Bullish Despite Corrections

The global cryptocurrency market capitalization rose by 0.21 percent over the past 24 hours and now stands at $2.95 trillion (roughly ₹2,51,57,146 crore), according to CoinMarketCap.

“In spite of periodic market corrections, the overall sentiment is extremely bullish, driven by growing institutional demand, positive macroeconomic factors, and improving on-chain fundamentals,” said Avinash Shekhar, Co-Founder and CEO of Pi42. He added that based on indications from the golden ratio multiplier, Bitcoin could potentially surge up to $124,000 (approximately ₹1.05 crore) in the coming months.

As institutional interest strengthens and whale accumulations continue, the cryptocurrency market appears poised for further growth, with Bitcoin leading the charge.