Bitcoin Whales Accumulate Billions, But Resistance Holds Strong

Bitcoin trades in a tight range near $100,000–$105,000 as whales accumulate over 45,000 BTC, but resistance at $106,000–$107,000 holds. Institutional confidence remains strong despite weak inflows and paused ETF outflows.

Bitcoin remains confined within a tight trading range between $100,000 and $105,000, despite significant accumulation by large investors. Over the past week, whales have purchased more than 45,000 BTC, valued at approximately $4.6 billion, marking the second-largest weekly accumulation of 2025. This buying activity has been accompanied by a drop in exchange reserves to multi-year lows, indicating a shift of assets to long-term storage. However, this accumulation has not been sufficient to break through the key resistance zone at $106,000–$107,000, as selling pressure from long-term holders and a dense supply cluster continue to cap upward momentum. Market sentiment remains fragile, with ETF outflows pausing but inflows still weak. Analysts note that the current narrow price action masks a tug-of-war between derivatives traders and long-term buyers, with any shift in sentiment potentially triggering rapid movement. Institutional confidence appears strong, as evidenced by continued accumulation at high price levels, suggesting expectations of future price increases despite recent volatility.