The analysis explores Bitcoin's recent 9% price drop, trading at $116,340, yet accumulation continues among whales and ETFs like BlackRock. BlackRock's ETF now holds approximately 750,000 coins, while Michael Saylor holds 1.35 million coins. The presenter mentioned his friends texting him regarding concerns about a potential bear market if a pump does not happen. The leading question, where is Bitcoin going next, is addressed by identifying unprecedented accumulation levels. The presenter mentions that the all time high that was hit last week was around the 124k, while the current price is 115k. BlackRock's Bitcoin ETF has accumulated 7,493 Bitcoin in the last week. The speaker identifies $124,000 as a strong resistance level and accumulation by whale addresses. Key points include the influence of institutional investments, accumulation by whales, and commentary on increasing regulatory scrutiny. The analysis refrains from strong bullish signals and focuses on data, including trading volume. The speaker emphasizes the importance of individuals holding Bitcoin through self custody, advocating to buy on BitcoinWell.com using 'SIMPLY' promo code.