Trillion-Dollar Giant Fidelity Triggers Bitcoin Price Prediction Surge – $200,000 Incoming?

Bitcoin (BTC/USD) is hovering near $94,460, facing pivotal resistance at $94,750, where a developing double-top formation threatens to stall short-term momentum. But beyond the charts, a more structural market transformation is quietly taking hold—one that may redefine Bitcoin's long-term trajectory.

New data from Fidelity Digital Assets reveals that BTC balances on exchanges have dropped to 2.6 million, the lowest level since November 2018. Notably, 425,000 BTC have exited exchanges since November 2024, with 350,000 BTC acquired by public companies following the U.S. election.

We have seen #bitcoin supply on exchanges dropping due to public company purchases—something we anticipate accelerating in the near future. Here are some of the current trends unfolding: Market News and Data brought to you by Benzinga APIs

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