Bitcoin’s second-largest whale accumulation fails to push BTC past $106K

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Bitcoin (BTC) has rebounded 8.7% to $107,500 connected Tuesday, pursuing its four-month debased of $98,900, arsenic whales took vantage of discounted prices to adhd to their holdings. The terms has since corrected beneath $103,000 connected Thursday, arsenic $106,000 proved a pugnacious obstruction to break.

Key takeaways:

Bitcoin whales recorded their second-largest play accumulation of 2025.
Long-term holders proceed to sell, frustrating betterment attempts.
BTC merchantability unit sits astatine $106,000, a absorption level that whitethorn halt the bulls.

Bitcoin whales scoop up 45,000 BTC

Data from Cointelegraph Markets Pro and TradingView showed a BTC terms betterment taking signifier aft last week’s correction, arsenic it holds astir $103,000.

Market participants person observed deliberate posturing by whales, arsenic these ample holders recorded their second-largest accumulation of 2025, according to information from marketplace onchain information supplier CryptoQuant.

In March, whales — entities holding 1,000 BTC oregon much — initiated the astir important accumulation question of the twelvemonth amid a crisp diminution successful Bitcoin price.

“In the past week, whales accumulated much than 45,000 BTC, marking the second-largest play accumulation process successful these wallets,” said CryptoQuant expert Caueconomy successful a Wednesday Quicktake analysis, adding:

“Large players are erstwhile again taking vantage of the capitulation of tiny investors to sorb coins.”

Nevertheless, this spot buying measurement was insufficient to show a much wide buy-the-dip betterment pattern.

There is simply a request for “renewed condemnation and stronger request from caller marketplace entrants” and different investors, specified arsenic time traders and retail investors, to propulsion the terms to supra $106,000, Glassnode said successful its latest Week Onchain report.

However, not each Bitcoin whales are accumulating. Long-term whale, Owen Gunden, continued to sell, transferring 2,401 BTC worthy $245 cardinal to Kraken connected Thursday, according to Onchain Lens.

— Onchain Lens (@OnchainLens) November 13, 2025

As Cointelegraph reported, OG holders person moved ample sums of BTC to exchanges, raising concerns astir semipermanent assurance arsenic Bitcoin loses momentum.

Bitcoin faces stiff absorption supra $106,000

The BTC/USD brace failed to interruption $106,000 arsenic its rebound stopped abbreviated of a bull marketplace comeback.

This is owed to “a dense proviso clump betwixt $106K and $118K that continues to headdress upward momentum, arsenic galore investors usage this scope to exit adjacent breakeven, said Glassnode.

According to Bitcoin’s cost ground organisation heatmap, investors clasp astir 417,750 BTC astatine an mean outgo of betwixt $106,000 and $107,200, establishing a absorption zone.

Glassnode added:

“This overhang of latent proviso creates a earthy absorption portion wherever rallies whitethorn stall, suggesting that sustained betterment volition necessitate renewed inflows beardown capable to sorb this question of distribution.”

Traders accidental the BTC/USD brace indispensable flip the absorption betwixt $106,000 and $107,000 into enactment to people higher highs supra $110,000.

“BTC is trending up connected the little clip frame,” said expert Daan Crypro Trades successful a caller X post, adding:

“But it needs to interruption that $107K area. If it tin bash so, it would crook this into a decent deviation and retake backmost into the range.”

Technical expert CRYPTO Damus said BTC terms to “make a higher precocious supra 106K and breakout supra the down inclination enactment astatine $107,350 to flip the publication bullish.”

“If we privation to interruption upward, I’d alternatively privation to spot a interruption northbound of $108K-$110K, and past we’ll spot a caller ATH,” MN Capital laminitis Michael van de Poppe said successful a Friday station connected X.

As Cointelegraph reported, a interruption and adjacent supra the breakdown level of $107,000 would awesome that the bulls are backmost successful the driver’s seat.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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