Whales Keep Buying as Bitcoin Price Tests Key Support Level

Large Bitcoin holders are continuing to show support for the market by placing strong buy orders. Whale buying activity remains steady, with no notable sell orders from these big investors currently on record.

Data from CW on X shows that whale buy orders remain firm even as the BTC price trades around an important price area. This heavy buying from whales can help support the market during periods of uncertainty.

Traders often look at large orders because they show where strong demand exists. When buy orders stay firm while selling stays low, it gives the market some support.

Strategy's Bitcoin holdings of 843,775 BTC also continue to attract interest. The company has built one of the biggest corporate Bitcoin positions over the years, and every purchase made by the firm receives close attention due to its significant amount of Bitcoin.