An accumulation of 1,721 BTC—valued at roughly $179 million—has been carried out by a prominent Bitcoin whale within a span of just 48 hours. This includes a recent purchase of 821 BTC, estimated at $85.42 million. The assertive buying activity has occurred while Bitcoin remains trading above key support thresholds.
New Wave of Accumulation Activity Emerges
This development followed an earlier transfer of 900 BTC—estimated at approximately $93.58 million—bringing the total acquired amount to 1,721 BTC. These acquisitions were executed through multiple transactions, each recorded with a timestamp and directed to a non-custodial address. As of the time of reporting, no outgoing transfers have been observed from the wallet.
With ongoing whale activity, further movement by large holders is anticipated, as suggested by data from Coinglass. A closer examination reveals that the BTC/USDT perpetual chart on Binance displays persistent whale and high-volume trading within a fluctuating price range. Numerous substantial transactions are represented by large circles, clustered primarily between the $104,000 and $105,000 levels.
Numerous whale buy and sell orders have been identified as concentrated near resistance levels ranging from $104,700 to $105,300. These whale orders are depicted by horizontal lines, with the thicker lines signifying larger transaction volumes.
The occurrence of several large transactions during upward price movements has been seen as confirmation of significant participation around peak levels. Whale orders were sustained over extended durations, reflecting a degree of market steadiness. Additionally, brief spikes in activity were observed during pullbacks, suggesting the presence of liquidity inflows.
Accumulation Corresponds with Stable Price Movement
Price stability was observed in Bitcoin as accumulation by the whale took place. The asset’s value remained near key technical indicators, which have supported upward momentum across major exchanges. Data reveals that this series of substantial transactions was accompanied by a rise in spot demand, particularly from addresses engaged in high-volume trading activity.
According to CoinMarketCap data available at press time, Bitcoin was being traded at $104,392.09, reflecting a 0.72% price rise over the previous 24 hours. A market capitalization of $2.07 trillion was recorded, while the 24-hour trading volume experienced a 5.11% increase, reaching $46.57 billion.
Intraday lows were observed around $103,910, while several upward movements peaked near $104,850, highlighting Bitcoin’s price volatility. Frequent reversals and consistent buying activity were recorded between the $103,900 and $104,500 range. A volume-to-market cap ratio of 2.25% was reported, signaling active trading turnover. Based on the trend, Bitcoin’s continued upward trajectory was evident.
