Bitcoin’s Second-largest Whale Accumulation Fails To Push BTC Past...
Bitcoin whales doubled down on their BTC purchases, but long-term holder selling and resistance above $106,000 curtailed a potential recovery to $110,000.
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 corrected to below $103,000 on Thursday, as $106,000 proved a tough barrier to break.
Bitcoin whales recorded their second-largest weekly accumulation of 2025.
Long-term holders continue to sell, frustrating recovery attempts.
BTC sell pressure sits at $106,000, a resistance level that may stop the bulls.
Data from Cointelegraph Markets Pro and TradingView showed a BTC price recovery taking shape after last week’s correction, as it was holding around $103,000.
Market participants have observed deliberate posturing by whales, as these large holders recorded their second-largest accumulation of 2025, according to data from market onchain data provider CryptoQuant.
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In March, whales — entities holding 1,000 BTC or more — initiated the most significant accumulation wave of the year amid a sharp decline in Bitcoin price.
“In the last week, whales accumulated more than 45,000 BTC, marking the second-largest weekly accumulation process in these wallets,” said CryptoQuant analyst Caueconomy in a Wednesday Quicktake analysis, adding:
Source: CoinTelegraph
