Bitcoin continues its search for a definitive price direction, hovering between $100,000 and $105,000 after its previous rejection near $107,000. Recent analytics indicate a notable increase in whale activity within the market, with large-scale investors amassing substantial amounts of BTC despite the overall price stagnation.
According to a report from The Block, whales have recently purchased approximately 45,000 BTC, translating to around $4.6 billion in value this week. This acquisition marks the second-largest weekly total recorded in 2025 thus far. Timothy Misir, President of BRN Research, emphasized that a significant portion of these bitcoins has transitioned from exchanges to cold wallets, suggesting a trend of institutional accumulation.
On-chain analytics firm Glassnode provided further insights, indicating that Bitcoin is currently consolidating within a gradual declining range. Their analysis revealed that, despite positive macroeconomic shifts—such as the conclusion of the US government shutdown and improved US-China trade relations—Bitcoin has only managed to achieve a limited recovery.
Glassnode noted that while selling pressure has eased around the $100,000 mark, a supply resistance zone exists between $106,000 and $110,000, which constrains any upward momentum. The combination of these factors suggests that even with increasing accumulation by whales, the price of Bitcoin may struggle to rise significantly in the near term.
