Bitcoin Whales Buy $32 Billion on the Dip as BTC Holds Above $100,000

Bitcoin has demonstrated resilience by maintaining a price above the crucial $100,000 support level despite volatility, indicating underlying market strength rather than capitulation. On-chain data, specifically the 90-day Realized Profit/Loss Ratio, suggests investors remain profitable and confident in the long term. Crucially, large investors, or whales holding 10,000 to 100,000 BTC, purchased over 300,000 BTC this week when prices briefly dipped near $101,000, amounting to an accumulation spree valued at nearly $32 billion. This whale activity has helped push BTC past $105,000, with the price trading at $106,148 at the time of writing. The outlook suggests a potential rally toward $108,000 and $110,000, provided demand remains stable; however, a failure to hold $105,000 could lead to a retest of support at $101,477.

(Source：BeInCrypto)