Bitcoin Whales Add 45K BTC Amid $100K Support Test
Bitcoin whales added 45,000 BTC last week, marking 2025’s second-largest weekly buy. Bitcoin whales have also boosted whale holdings (≥1,000 BTC) from 1.52 m to 1.76 m BTC YTD. Meanwhile, long-term holders offloaded 815,000 BTC over 30 days, the highest distribution since January 2024. On-chain metrics from CryptoQuant, Glassnode and CryptoRank reveal institutional accumulation versus retail distribution. Price rebounded from a four-month low near $98,900 to around $107,500 before stalling below $106,000. A supply cluster of 417,750 BTC at $106,000–$107,200 creates resistance. MACD shows bearish momentum (-321.31), with critical support at $100,000 and potential downside toward $97,500. Traders will watch for a break above $106,000–$107,000 to confirm a bullish shift.
Neutral
The mixed signals of large whale accumulation and record distribution by long-term holders point to offsetting forces. In the short term, bearish MACD momentum and failed resistance near $106,000 increase downside risk toward $97,500. In the long term, whale buying around key floors often precedes rallies. Until a decisive breakout above $106,000–$107,000 occurs, the market is likely to remain range-bound with neutral bias.