Whales Quietly Buy the Dip as Bitcoin Tests $100,000 Support
Large Bitcoin holders are quietly accumulating once more, signaling renewed confidence regardless of a pointy market correction that erased over 20% from latest highs.
At the time of writing, Bitcoin trades at simply above $101,000, after briefly dipping to $99,600 two days in the past.
Whales Signal New Hope For Bitcoin Price
According to CryptoQuant information, wallets holding between 1,000 and 10,000 BTC added round 29,600 Bitcoin in the final seven days.
Analyst JA Maartun famous that the mixed steadiness of those whale wallets rose from 3.436 million to three.504 million BTC. This marks the first main accumulation section since late September.
The information suggests that giant entities—usually establishments and early whales—are buying weakness, not fleeing it. Their actions distinction sharply with retail sentiment, which has turned fearful after heavy liquidations and ETF outflows.
Over $1 billion in leveraged positions have been worn out final week. US spot Bitcoin ETFs noticed greater than $2 billion in redemptions, in line with latest market information.
Such divergence between “good cash” accumulation and retail caution has historically marked late-stage corrections moderately than new downtrends.
By absorbing roughly 4 occasions the weekly mining provide, whales are tightening liquid provide on exchanges and reinforcing the $100,000 help zone.
The accumulation additionally comes amid macro headwinds. The Federal Reserve’s cautious tone on rate cuts has weakened demand for threat property, contributing to Bitcoin’s latest decline.
Yet, these situations have additionally created a liquidity vacuum—a possibility whales look like exploiting.
How Will Bitcoin End November?
Technical indicators present Bitcoin consolidating between $100,000 and $107,000, whereas the Fear & Greed Index sits deep in the “Extreme Fear” zone.
Historically, when massive holders improve publicity throughout high worry durations, worth restoration usually follows inside weeks.
Still, near-term volatility remains likely. Institutional outflows and lingering derivatives unwinds might hold the market uneven earlier than any sustained rebound.
If whale accumulation continues, nevertheless, it could type the base for a medium-term restoration towards $115,000–$120,000.
The takeaway from this week’s Whale Watch is evident. While short-term merchants panic, long-term holders are repositioning for the subsequent leg.
Their regular accumulation suggests conviction that the market’s structural development stays intact—even when sentiment hasn’t caught up but.
The publish Whales Quietly Buy the Dip as Bitcoin Tests $100,000 Support appeared first on BeInCrypto.
