Leading cryptocurrency Bitcoin (BTC) continues to search for direction. After being rejected around $107,000 in the last bullish wave, Bitcoin continues to fluctuate between $100,000 and $105,000.
However, analysis shows that whale wallet savings flows in the market are increasing rapidly.
According to The Block, Bitcoin is trading sideways, but large-scale investors/whales continue to accumulate BTC.
Timothy Misir, President of BRN Research, noted that whales purchased 45,000 BTC worth approximately $4.6 billion this week, making it the second-largest weekly total of 2025 so far.
Misir stated that a significant portion of these Bitcoins have moved from exchanges to cold wallets, indicating that institutional purchases are continuing.
On-chain analytics firm Glassnode stated in its latest report that Bitcoin is “consolidating in a gradual decline range.”
He noted that BTC has only sustained a limited recovery despite positive macroeconomic changes such as the end of the US government shutdown and the easing of US-China trade tensions.
At this point, Glassnode states that the selling pressure has eased around $ 100,000, but there is a supply resistance zone concentrated in the $ 106,000-110,000 range, which limits the upward momentum.
*This is not investment advice.
