Bitcoin Whales Accumulate 14,335 BTC as Key Support Zone Emerges

Bitcoin (BTC) whales have been actively accumulating the cryptocurrency since October 1, amassing a total of 14,335 BTC. This haul is valued at approximately $1.22 billion, reflecting significant buying interest from large holders. The accumulation comes amid growing attention to a potential support zone between $83,300 and $84,600, where about 1.59 million BTC changed hands. This range is seen as a critical area that could influence Bitcoin’s near-term price movements.

Despite the high trading volume in this support zone, it remains unclear how the price will move next. A separate market assessment suggests that stronger selling pressure may not emerge until Bitcoin reaches around $105,000. However, this scenario is contingent on the cryptocurrency holding the current support zone and breaking above $86,700. If these conditions are met, the market could see a shift in momentum.