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Bitcoin Whales Accumulate 16,010 BTC as Price Retracts Toward $80,000

Large cryptocurrency holders accumulated 16,010 Bitcoin over five days as prices retreated from $87,000 toward $80,000, bringing total whale holdings to 5,263,326 BTC. The dip-buying followed a market correction driven by ETF outflows, macroeconomic headwinds, potential government transfers, and profit-taking that previously dropped Bitcoin below $81,000. During the broader downturn, whales also purchased more than $1.2 billion in BTC within a 72-hour window alongside 166,000 ETH and 45 million XRP. Bitcoin now tests the lower boundary of a rising channel, facing immediate resistance around $84,569.

Category

Bitcoin

Sentiment

Bullish

Event

Analyst flows

Reading time

1 min