Bitcoin Stalls at $65,000 as Whale Buying Spree Continues

Whale investors have been quietly accumulating more than 20,000 BTC since July 29, while US spot ETFs have attracted a record $754.69 million this week, their best pace since April.

Despite these encouraging signs, Bitcoin still struggles to break above the $65,000 threshold, with several attempts failing to spark significant price movement.

The contrast between on-chain accumulation and market stagnation is striking, with Santiment observing that large holders are absorbing supply without causing a visible increase in price.

Regulatory uncertainty surrounding the CLARITY Act's delay has also weighed on sentiment, contributing to the market's hesitation.