Bitcoin whales step up accumulation amid renewed macro tailwinds: analysts
Bitcoin whales are accumulating significantly despite market stagnation, driven by improving macro conditions and reduced leverage.Summary
Despite the broader crypto market treading water, analysts observe significant Bitcoin accumulation by whales, with over 45,000 BTC added this week, signaling structural positioning beneath subdued momentum. This accumulation is supported by increased exchange withdrawals into cold storage, suggesting institutional interest rather than retail speculation. The market is currently in a quiet equilibrium, defined by seller exhaustion near $100,000 and resistance between $106,000 and $110,000, following a washout of leveraged long positions in futures markets. Macro factors are providing modest relief, including the U.S. government reopening after a shutdown and softer trade signals from China, which have restored some confidence. However, analysts caution that optimism remains fragile; persistent ETF outflows, potential fiscal gridlock, or inflation shocks could reverse gains, suggesting the consolidation phase may extend until institutional rotation gains sustained momentum.
(Source：The Block)