Bitcoin News

Story: Bitcoin Whales Buy $8.5B in BTC as Price Eyes $110K Breakout

By Maheen Hernandez

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Whale Accumulation Could Be the Game Changer. Despite fears of a local top, large investors—commonly known as whales—have been quietly…

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Market Tops and Historical Red Flags. Bitcoin is currently navigating a precarious position.

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Resistance at $105K: A Crucial Test for BTC. The next key test for Bitcoin lies just ahead. The $105,000 level has emerged as a strong…

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Whale Power vs. Retail Profit-Taking. One of the more interesting dynamics at play is the divergence between whale and retail behavior.

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BTC at a Crossroads: The Next Move. As Bitcoin hovers just below its all-time high, the coming days are likely to prove critical.

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Bitcoin [BTC] continues its uphill battle toward reclaiming all-time highs, now trading at $102,635 after multiple failed attempts to break past the $105,000 resistance zone.

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Despite fears of a local top, large investors—commonly known as whales—have been quietly accumulating massive amounts of Bitcoin.

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This influx of capital by high-net-worth individuals and institutions indicates confidence in Bitcoin’s long-term trajectory, especially as it consolidates above $100,000.

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Bitcoin is currently navigating a precarious position. Over 98% of its circulating supply is now in profit—well above the 95% threshold typically associated with historical…

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However, context matters. In past instances, profit-taking by retail investors led to swift pullbacks.

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The Spent Output Profit Ratio (SOPR) also supports this view. While many wallets are in profit, the market hasn’t yet shown signs of panic selling, suggesting that bullish…

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The next key test for Bitcoin lies just ahead. The $105,000 level has emerged as a strong resistance point after several failed attempts to break through.

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But if Bitcoin is rejected again at $105K, it may fall back into a short-term correction phase.

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This power balance highlights why whale activity is so closely watched. When large investors add to their positions, it often dampens volatility and signals broader institutional…

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It’s worth noting that these large wallets tend to act with longer-term conviction. Their entry points often mark key support levels, as they provide substantial liquidity and…

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