Whales Pile Into Bitcoin Despite Resistance

Bitcoin's price is stuck in a tight range between $82K and $85K as whales continue to add to their holdings.

Santiment reports that large Bitcoin holders have accumulated 41,025 BTC in just 10 days, bringing their collective holdings to 13.64 million BTC or 67.93% of the supply.

This accumulation comes while the market remains below the $84,000-$85,000 resistance cluster, leaving analysts waiting for a breakout above this level to retest the $100K target.

However, analyst Ali Martinez notes that $82K must hold as support before the market can move towards the $100K pattern target.