$6 billion BTC earnings will bring the price of Bitcoin to $100,000
Bitcoin has risen sharply this week, rising from roughly $91,000 on Monday to over $95,000 on Wednesday. Meanwhile, on-chain data shows that large amounts of BTC have flowed into major exchange wallets.
The surprising price action has sparked discussions, with some speculating that the market may be experiencing concerted buying pressure.
Sponsored
Massive $6 Billion BTC Earnings Drive Bitcoin To $100,000
According to data from Chain Analytics firm Arkham, Binance wallets alone added 32,752 BTC to both cold and hot wallets, while Coinbase saw an increase of 26,486 BTC.
Smaller exchanges also recorded significant gains, with Kraken and Bitfinex adding 3,508 BTC and 3,000 BTC respectively. Collectively, these moves represent nearly $6 billion in purchasing power, Arcam said.
The size of these transfers has fueled debate over whether the recent price increase was driven by coordinated market activity. Binance CEO Changpeng Zhao explained that BTC deposits reflect user purchases on exchange wallets rather than internal purchases by the exchange itself.
Despite this explanation, analysts said the data showed strong institutional and strong investor participation.
Sponsored
It comes after Bitcoin ETF revenues reached levels seen in October 2025, when the financial investment reached $753 million on Tuesday, January 13.
Fidelity's FBTC led Tuesday's gains, reaching $351 million, and marked one of the strongest one-day signs of demand for institutional BTC exposure this year.
Is $100,000 Next for Bitcoin?
With $100 in silver on the cards, as well, Bitcoin is racing toward $100,000, underscored by recent buying activity and widespread bullishness in the crypto market.
Bitcoin's approach to the $100,000 mark comes alongside growth in the digital asset ecosystem as investors weigh macroeconomic factors, including inflation and central bank liquidity measures.
The increase reinforces Bitcoin's appeal as a long-term store of value amid financial uncertainty and geopolitical turmoil.
Arkham's data indicates activity among the major exchanges, which often serve as the main gateway for institutional buying.
Such influxes historically precede price rallies, reflecting both increased demand and limited supply in the market. However, while volume of purchases is critical, crypto markets remain volatile, and a sudden reversal is always possible.
