Bitcoin News
Whale accumulation absorbs massive Bitcoin sell pressure
Whales absorbed 230,000 BTC to offset a massive wave of sales. Wallets holding between 1,000 and 10,000 BTC rebuilt their positions, reaching levels observed before the October 2025 pullback. These addresses increased their holdings from 2.86 million BTC to 3.09 million BTC. This group added 98,000 BTC in 30 days, a movement analysts call "V-shaped accumulation." Long-term holders added 303,000 BTC to their positions over the last 30 days, while short-term holders reduced their aggregate position by 290,000 BTC. You already know how whales move markets, so observe the 230,000 BTC absorption. Large market participants holding between 1,000 and 10,000 BTC rebuilt their positions to levels observed before the October 2025 pullback, adding nearly 98,000 BTC to their total holdings during the last 30 days of market activity. Orders between 950 and 1,100 BTC showed their strongest momentum since September 2024. Within the long-term holder groups, the 5y-7y segment sent 72,000 BTC, the 7y-10y segment sent 45,000 BTC, the 10y+ segment sent 18,000 BTC, and the 3y-5y group sent 26% more.
Dormant wallet transfers and exchange flows
A wallet inactive since late 2017 moved 5,908 BTC on July 15, 2026. The transaction valued the assets at $383 million at a price of $64,800 per coin. The owner moved the coins to a new, unidentified address rather than an exchange. The owner acquired the BTC in December 2017 and early January 2018 when prices were near $16,000. This holding yielded a 284% gain, though the value sat at $726 million in October 2025 and dropped below the initial $100 million purchase price during the 2022 market downturn. Another long-dormant wallet, inactive for 16 years, moved 40 BTC at $77,666 earlier this week. One more whale moved $188 million in BTC after seven years of dormancy. Whales transferred $8.24 billion in BTC to Binance, a 14-month high. Meanwhile, exchange withdrawals reached volumes between 60,000 and 100,000 BTC. A 12-year holder offloaded 500 BTC, but institutions absorbed the flow.
Institutional custody and halving cycles
Fidelity’s institutional custody infrastructure helped Bitcoin reach mainstream status. The Fidelity Bitcoin ETF allows investors to gain exposure through regulated accounts. Spot Bitcoin ETF inflows reached $1.7 billion over three straight days recently. This follows a period where outflows totaled $4 billion over five weeks. MicroStrategy purchased 3,015 BTC at $67,700 per coin on March 2, 2026. The 2024 halving reduced the block reward from 6.25 BTC to 3.125 BTC per block. The 2028 halving will reduce the reward to 1.5625 BTC. Bitcoin reached an all-time high of $126,198 in October 2025, which was 481 days after the April 2024 halving. Approximately 20 million BTC were in circulation as of March 2026.
| Metric | Data |
|---|---|
| Dormant Wallet Transfer | 5,908 BTC |
| Dormant Transfer Value | $383,000,000 |
| Whale Accumulation (30 days) | 98,000 BTC |
| 2025 All-Time High | $126,198 |
| Short-Term Holder Cost Basis | $98,300 |
Institutional Bitcoin ETF combined AUM crossed $95 billion by early 2026. Analysts at Goldman Sachs predicted prices between $75,000 and $100,000 for 2026. Bitwise CIO Matt Hougan stated Bitcoin could reach $1,000,000 within a decade if it captures 17% of the global store-of-value market.
Resistance levels and macro divergence
Bitcoin trades at a level 30% below its October 2025 peak. The $98,000 resistance level is a threshold for current market movement. Short-term holders, who bought within the last 155 days, face a cost basis of $98,300. This group remains underwater since November 2024. In January 2026, Bitcoin failed to hedge against the US dollar. The Dollar Index fell 11% while Bitcoin declined 30% from its October highs. Gold reached record levels above $5,600 per ounce on January 29. The current price sits near $92,000. The 2022 bear market bottom was $15,479, while the 2021 peak was $69,044. The 2018 bottom was $3,200 and the 2015 bottom was $200. The current supply in loss is 22% of the total supply. The $93,000 to $110,000 zone contains long-term holder supply clusters. The daily transaction volume reached 545,000, which is the 96th percentile. Daily active addresses fell 3% month-over-month to the 51st percentile. Average daily fees dropped 5% month-over-month to $169,000. The $98,000 level is a resistance point that requires significant demand to break. Will the $98,000 resistance level hold against the current supply pressure?
