Whale Buying Strengthens as Bitcoin Hovers Near Crucial Support Level

Large Bitcoin holders continue to place strong buy orders despite recent price fluctuations. According to market expert CW, whale buying remains robust even as BTC trades around an important price area.

The data from CW shows that there are no notable sell orders from these large holders at the moment, which has caught the attention of traders.

Strategy's corporate Bitcoin position of 843,775 BTC is also being closely watched, with every purchase made by the firm receiving close attention due to its significant holdings.

Another trend showing movement in the market is the increased activity from long-term holders. According to CryptoQuant data cited by Darkfost, wallets holding Bitcoin for more than five years have become slightly more active in recent days.

The monthly average of Bitcoin spent from these old wallets has increased from about 800 BTC to around 1,200 BTC, which is enough to show that some early holders are deciding to sell or move part of their coins.