Bitcoin News

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

By Maheen Hernandez

1 / 15

Bitcoin Whales Reinforce Market Support. On-chain data reveals that Bitcoin’s biggest holders — addresses owning between 10,000 and 100,000…

2 / 15

Realized Profit/Loss Ratio Shows Healthy Profit-Taking. The Realized Profit/Loss Ratio (RPLR) — a key on-chain metric that tracks net investor…

3 / 15

Whale Accumulation Drives Confidence. Whale activity remains one of the strongest bullish signals in Bitcoin’s current market cycle.

4 / 15

Bitcoin Price Analysis: Key Levels to Watch. At the time of writing, Bitcoin trades at $106,148, holding comfortably above the $105,085 support…

5 / 15

Market Sentiment: Optimism Returns Amid Volatility. Despite recent turbulence, market sentiment has improved significantly.

6 / 15

Long-Term Outlook: Institutional Confidence Strengthens. Bitcoin’s ability to sustain levels above $100,000 amid volatile conditions reinforces the view…

7 / 15

Bitcoin (BTC) continues to display remarkable resilience, holding steady above the $100,000 mark even as the broader crypto market experiences volatility.

8 / 15

This aggressive buying spree underscores strong confidence among institutional and high-net-worth investors, helping stabilize BTC’s price and setting the stage for potential…

9 / 15

On-chain data reveals that Bitcoin’s biggest holders — addresses owning between 10,000 and 100,000 BTC — accumulated more than 300,000 BTC over the past week.

10 / 15

According to data from Santiment and Glassnode, this buying activity marks one of the most significant whale accumulation phases in recent months.

11 / 15

The estimated $32 billion in purchases not only reflects conviction but also points to a belief among major investors that Bitcoin remains undervalued at current levels.

12 / 15

The Realized Profit/Loss Ratio (RPLR) — a key on-chain metric that tracks net investor profitability — supports the bullish outlook.

13 / 15

For comparison, during prior market corrections, this ratio dropped as low as 3.4, suggesting that even with recent volatility, holders are far from capitulation.

14 / 15

Analysts note that this dynamic reflects a healthy market structure, where traders are locking in partial profits while maintaining confidence in long-term upside.

15 / 15

The latest accumulation trend mirrors similar periods seen in March 2023 and August 2024, both of which were followed by sustained rallies.

The Currency Analytics

Want the full story?