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Bitcoin’s Second-Biggest Whale Accumulation Fails to Crack $106K Barrier - news.adtechsolutions Bitcoin’s Second-Biggest Whale Accumulation Fails to Crack $106K Barrier - news.adtechsolutions

Bitcoin’s Second-Biggest Whale Accumulation Fails to Crack $106K Barrier


Bitcoin (BTC) rebounded 8.7% to $107,500 on Tuesday, following its four-month low of $98,900, as whales took advantage of discounted prices to add to their holdings. The price has since corrected below $103,000 on Thursday, as $106,000 proved a tough barrier to break.

Main takeaways:

  • Bitcoin whales recorded their second largest weekly accumulation of 2025.

  • Long-term holders continue to sell, frustrating recovery attempts.

  • BTC selling pressure is at $106,000, a resistance level that can stop the bulls.

Bitcoin whales take 45,000 BTC

Given by Cointelegraph Markets Pro and TradingView showed a BTC price recovery taking shape later last week’s correctionsince he holds about $103,000.

Market participants observed a deliberate stance by the whales, as these major holders recorded their second largest accumulation of 2025, according to data from market data provider CryptoQuant.

Related: Bitcoin falls to $101K as stocks, gold rally ahead of vote to end government shutdown

In March, whales—entities holding 1,000 BTC or more—began the most significant accumulation wave of the year amid a sharp drop in Bitcoin’s price.

“In the last week, whales have accumulated more than 45,000 BTC, marking the second weekly accumulation process in these wallets,” he said CryptoQuant analyst Caueconomy in a Wednesday Quicktake analysis, adding:

“Big players are again taking advantage of the capitulation of small investors to absorb coins.”

Bitcoin whale weekly exchange. Source: CryptoQuant

However, this spot buying volume was insufficient to demonstrate a more widespread buy-the-dip recovery pattern.

There is a need for “renewed conviction and stronger demand from new market entrants” and other investors, such as day traders and retail investors, to push the price above $106,000, Glassnode said. he said in its latest Week Onchain report.

However, not all Bitcoin whales they accumulate. Long-term whale Owen Gunden continued to sell, transferring 2,401 BTC worth $245 million to Kraken on Thursday, according to Lens Onchain.

As Cointelegraph reportedOG holders have moved large sums of BTC to exchanges, raising concerns about long-term trust that Bitcoin is losing momentum.

Bitcoin faces tough resistance above $106,000

The BTC/USD pair failed to break $106,000 as its rebound stopped short of a bull market return.

This is due to “a dense supply cluster between $106K and $118K that continues to hit upward momentum as many investors use this range to exit near breakeven,” Glassnode said.

According to Bitcoin’s cost base distribution heatmapInvestors hold approximately 417,750 BTC at an average cost between $106,000 and $107,200, which establishes a resistance zone.

Glassnode added:

“This latent supply surge creates a natural resistance zone where rallies can stall, suggesting that sustained recovery will require a renewed flow strong enough to absorb this wave of distribution.”

Bitcoin: Cost base distribution heatmap. Source: Glassnode.

Traders say that the BTC/USD pair should turn the resistance between $106,000 and $107,000 into support to target the highs above $110,000.

“BTC is trending in the lower time frame”, he said analyst Daan Crypro Trades in a recent X post, adding:

“But we need to break that $107,000 area. If it can do that, it will turn this into a decent deviation and take it back into the range.”

BTC/USD Daily Chart. Source: Daan Crypto Trades

Technical analyst CRYPTO Damu he said BTC price to “make a higher high above 106K and break above the descending trend line at $107,350 to flip the bullish script.”

“If we want to break higher, we would prefer to see a break north of $108K-$110K, and then we will see a new ATH,” MN Capital founder Michael van de Poppe. he said in a Friday post on X.

As Cointelegraph reporteda break and close above the breakdown level of $107,000 would signal that the bulls are back in the driver’s seat.

This article does not contain investment advice or recommendations. Every investment and business move involves risk, and readers should do their own research when making a decision.