"Whale accumulation grows amid Bitcoin’s pullback into the $60,000 range…around 40,000 bought"

An analysis suggests that large holders have resumed accumulation as Bitcoin (BTC) pulled back into the $60,000 range.

According to Cointelegraph, a cryptocurrency-focused outlet, large investors classified as so-called “whales” bought around 40,000 BTC during the recent price decline. The market view is that this demand helped support a short-term rebound, but caution over the possibility of further downside still remains.

On-chain data show that addresses holding 1,000–10,000 BTC added about 22,000 BTC over the past few days, while addresses holding 10,000–100,000 BTC also bought roughly 18,000 BTC. In other words, large holders appear to have been scaling into positions during the decline.

Alongside this accumulation trend, additional Bitcoin purchases were also identified from Binance’s user protection fund (SAFU) address. The SAFU address recently acquired an additional 4,225 BTC, increasing its total holdings to 10,455 BTC.

However, some analyses say selling pressure still persists near the upside, despite whale accumulation. As the price has failed to clearly break through a short-term technical resistance zone, concerns about further consolidation have not been fully dispelled.

Some analysts see the $66,000–$68,000 range as a key support level in the near term. Christopher Inks, founder of Texas West Capital, said, “Bitcoin’s current trajectory is more likely to be range-bound or gradually higher than to print new lows,” adding, “For now, it’s necessary to confirm whether the lows hold.”

Meanwhile, the prevailing view in the market is that while renewed buying by whales and institutions could be a positive signal for medium- to long-term supply and demand dynamics, the likelihood of continued volatility in the near term cannot be ruled out.