According to the source, whale dominance over intraday BTC price moves is waning, a trend supported by market microstructure and on-chain metrics from independent analytics firms. Kaiko reports BTC order book depth improved materially through 2024 versus 2022–2023, reducing slippage from large orders and dampening single-whale price impact, which shifts focus toward aggregate flows and liquidity conditions (source: Kaiko). Glassnode shows the number of addresses holding at least 1 BTC repeatedly hit all-time highs in 2024, signaling broader supply distribution and relatively less concentration among whale entities during this cycle (source: Glassnode). Farside Investors tracks substantial cumulative net inflows into US spot BTC ETFs in 2024, making daily ETF flow a key near-term catalyst for BTC that can outweigh isolated large-wallet transactions in driving direction and momentum (source: Farside Investors). IntoTheBlock indicates the share of very large on-chain transactions in total volume was lower at times in 2023–2024 compared with 2021 peaks, consistent with a smaller relative footprint from the largest holders during rallies (source: IntoTheBlock). For trading, this shift means monitoring ETF net flows, order book depth, and derivatives positioning may provide more actionable signals than tracking single whale wallets, as evidenced by datasets from Kaiko, Farside Investors, Glassnode, and IntoTheBlock (sources: Kaiko; Farside Investors; Glassnode; IntoTheBlock).

According to the source, a post on X claims BTC has closed above 100,000 USD for 141 consecutive days, source: the source. At the time of writing, this streak is not independently confirmed by institutional reference rates such as CF Benchmarks BRR or the CME CF Bitcoin Real-Time Index, nor by consolidated exchange datasets from Kaiko or Bloomberg, source: CF Benchmarks, CME Group, Kaiko, Bloomberg. Traders should confirm any daily-close streak by cross-checking CF Benchmarks BRR at 4pm London, CME active-month Bitcoin futures settlement, and a 00:00 UTC spot close from Nasdaq Data Link or TradingView to avoid index-time drift, source: CF Benchmarks, CME Group, Nasdaq Data Link, TradingView. If verified, sustained closes above 100,000 would indicate psychological round-number support often accompanied by elevated options open interest and put walls near the strike on Deribit, warranting monitoring of OI, skew, and max pain levels, source: Deribit. Until verified, avoid trading decisions based solely on the claim and rely on primary price indices and exchange settlement prints for risk management, source: CF Benchmarks, CME Group.

According to @AltcoinGordon, even if BTC reaches $1M, traders could still be chasing a future meme coin supercycle; this is an opinion and includes no price or time forecast (source: @AltcoinGordon). For trading context, prior cycles showed memecoin activity surging after strong BTC advances, with memecoin spot and perp volumes climbing to cycle highs in March–April 2024 across major venues and the Solana ecosystem (source: Kaiko Research). Key rotation signals to monitor include BTC dominance turning lower from highs, rising perpetual funding and open interest in DOGE, SHIB, and PEPE, and increasing DEX liquidity on Solana/Base (source: TradingView for BTC.D; source: Kaiko Research for funding and OI; source: Dexscreener for DEX liquidity). Risk-wise, memecoins exhibit materially higher realized volatility and deeper drawdown profiles than BTC during risk-on phases, as documented across 2024 rallies (source: Coin Metrics; source: Kaiko Research).