Bitcoin recovers to $106,000 thanks to whale investors and corporate buybacks

Recently, whales and companies with large amounts of capital have begun to purchase additional Bitcoin, which has helped Bitcoin recover to the $106,000 mark and led to the rise of cryptocurrency-related regulations in the United States.
As of 11:25 a.m. on the 22nd, Bitcoin was up 3.56% from the same time the previous day on CoinMarketCap.
Bitcoin fell to the $100,000 mark the previous day after the inauguration of U.S. President Donald Trump, but recovered the day's losses and reached a record high of $106,035.
On the 21st, Santiment, a cryptocurrency on-chain analysis platform, announced through X that "BTC has risen 1.5% in the last 5 days.
"A whale holding 10 or more BTC of coins purchased 1,002 BTC each in one day," he said, "This is a signal that the Bitcoin price will move positively."
"Previously, when whales stopped buying Bitcoin or sold it, it increased the likelihood of a price correction," he added.
Meanwhile, some companies are buying more Bitcoin or using it as a reserve.
It's on the rise: GeniusGroup, an artificial intelligence (AI)-based education company, has purchased an additional $5 million in Bitcoin, bringing its total to $40 million.
The US-listed company KULR Technology also purchased an additional $8 million in Bitcoin.
Nasdaq-listed Oxbridge Re Holdings recently held a board meeting to discuss a deal to buy bitcoin and ethereum.
The company decided to set aside $1.2 billion in Bitcoin as a strategic reserve. Shareholders of MicroStrategy, which holds the largest amount of Bitcoin among publicly traded companies, also decided to hold $1.2 billion in Bitcoin as a strategic reserve.
In an interview with a foreign media outlet, Binance CEO Richard Tang said, "The transaction is a major step forward for the blockchain.
"Bitcoin will likely reach new highs again this year with the inauguration of the Trump administration," he said. "Since President Trump and the U.S. Congress are also in favor of virtual assets, there is a possibility that clear regulations will be introduced."
He predicted that Bitcoin will hit millions of dollars in the future.