Bitcoin Whales Buy $3B as Analysts Warn of Pullback
Bitcoin whales accumulated more than 39,150 BTC worth about $3 billion over the past week, according to Santiment data cited by analyst Ali Martinez. The buying suggests continued interest from large investors, while US spot Bitcoin ETFs attracted more than $920 million during the same period. Martinez said whales were the main drivers of Bitcoin’s recent rally from below $65,000 to above $81,000. However, retail investors reportedly remained cautious or sold into the rise. Bitcoin has since faced resistance around $81,000, with two rejections weakening the breakout. A hawkish speech by Federal Reserve Chair Kevin Warsh at Jackson Hole also increased macroeconomic pressure on risk assets. Analysts remain divided. Rekt Capital said Bitcoin must hold its weekly breakout and show sustained strength; otherwise, the move could prove to be a bear-market relief rally. Crypto Haris warned that the rally may be a bull trap, forecasting possible declines toward $74,000, $67,000 or even $62,000 before a potential recovery toward $90,000. For Bitcoin traders, whale accumulation and ETF inflows provide underlying support, but resistance near $81,000, Fed policy and profit-taking remain key short-term risks.
Neutral
The market impact is neutral because the article presents strong bullish and bearish signals. Whale accumulation of more than 39,150 BTC, worth about $3 billion, and more than $920 million in Bitcoin ETF inflows indicate institutional demand and could support prices over the medium and long term. Similar accumulation and ETF-flow trends have historically helped limit downside and strengthen recovery attempts. However, Bitcoin’s rejection near $81,000 shows that buyers have not yet established a durable breakout. A hawkish Federal Reserve stance can reduce liquidity expectations and pressure high-risk assets, as seen during previous policy-driven crypto sell-offs. If Bitcoin holds above the breakout area, whale demand could encourage another move toward $90,000. If it loses key support, traders may interpret the rally as a bull trap, triggering profit-taking and a deeper correction toward $74,000 or lower. Short-term volatility is therefore likely to remain elevated, while long-term direction will depend on ETF flows, monetary policy and whether institutional buying continues.