$6 Billion BTC Buying Spree: Bitcoin Approaches $100,000

This week, Bitcoin experienced a significant surge, rising from approximately $91,000 on Monday to over $95,000 by Wednesday. Concurrently, on-chain data shows a substantial influx of BTC into major exchange wallets.

Key Takeaways

Bitcoin surged from around $91,000 to over $95,000 in just a few days.
Major exchanges experienced a massive influx of BTC, amounting to $6 billion in total.
Institutional participation is likely driving this activity, alongside significant ETF inflows.
Bitcoin is on track to reach $100,000, supported by bullish market sentiment.
Market volatility remains a factor, making sudden price reversals possible.

The dramatic price hike has ignited conversations among market participants, with some suggesting a collective buying effort may be underway.

Massive Influx of $6 Billion BTC Fuels Bitcoin’s Price Surge

On-chain analytics firm Arkham reports that Binance wallets have added 32,752 BTC across both cold and hot wallets, while Coinbase saw an increase of 26,486 BTC. Other exchanges also experienced notable inflows, including Kraken and Bitfinex, which added 3,508 BTC and 3,000 BTC, respectively. Cumulatively, these transactions represent approximately $6 billion in buying power, according to Arkham.

![Bitcoin Inflows into Exchanges Over the Last 24 Hours. Source: Arkham]

The magnitude of these transfers has led to speculation regarding the cause of the recent price spike. Changpeng Zhao, CEO of Binance, addressed the rumors, clarifying that the BTC deposits are a result of user transactions on exchange wallets rather than the exchange acquiring Bitcoin for itself.

Despite this clarification, analysts indicate that these data trends point to strong participation from institutional and high-net-worth investors.

This surge in activity follows Bitcoin ETF inflows reaching levels not seen since October 2025, with investments into these financial products hitting $753 million on Tuesday, January 13. Fidelity’s FBTC led the inflows that day, garnering $351 million, representing one of the strongest single-day demand signals for institutional Bitcoin exposure this year.

Will Bitcoin Reach $100,000?

As the Silver price also approaches $100, Bitcoin is racing toward the $100,000 mark, spurred on by enthusiastic buying behavior and a general bullish sentiment in the cryptocurrency market.

Bitcoin’s climb toward the $100,000 threshold is fueled by investors evaluating macroeconomic factors, such as inflation trends and central bank liquidity measures, along with developments in the broader digital asset landscape.

This surge strengthens Bitcoin’s position as a long-term store of value amid financial instability and geopolitical turmoil. Arkham’s data highlights a concentrated activity among key exchanges, which typically act as the main entry points for institutional buying.

Historically, such inflows precede significant price rallies, signaling heightened demand coupled with limited supply in the market. However, while the volume of purchases is impressive, the cryptocurrency markets are inherently volatile, and unexpected reversals can occur at any time.