Bitcoin has seen a recovery of 6.25% from its recent local low of $90,742, climbing above $96,000 on November 29. Onchain data indicates that whales capitalized on the dip by accumulating 16,000 BTC, totaling around $1.5 billion. CryptoQuant analyst Caueconomy noted that much of this accumulation occurred after nearly $4 billion in BTC was moved to exchanges at a loss by short-term holders. This whale activity is crucial for Bitcoin's recovery, although experts pointed out that a surge in retail trading volume is necessary to surpass the $100,000 mark. Whale holdings reached an all-time high of 670,000 BTC in October, which preceded significant price increases. Currently, Bitcoin maintains robust support around $95,000, with the next key resistance point near $100,000. A daily close above $96,400 is essential for potential further upward movement.

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