Bitcoin’s second-largest whale accumulation fails to push BTC past $106K
Bitcoin whales doubled down on their BTC purchases, but long-term holder selling and resistance above $106,000 curtailed a potential recovery to $110,000.
Bitcoin (BTC) rebounded 8.7% to $107,500 on Tuesday, following its four-month low of $98,900, as whales took advantage of discounted prices to add to their holdings. The price corrected to below $103,000 on Thursday, as $106,000 proved a tough barrier to break.
Key takeaways:
Bitcoin whales recorded their second-largest weekly accumulation of 2025.
