Bitcoin whales add 10,000 BTC worth about $670M as bearish pressure persists

Bitcoin remains under heavy selling pressure, but large holders are leaning into the pullback even as retail traders turn cautious. On-chain data shows whale wallets bought roughly 10,000 BTC over the past three days. Crypto analyst Ali Martinez said the surge reflects a deliberate accumulation strategy despite weakening market momentum. At current prices, the purchases amount to about $670 million. Whale balances rose from about 4.21 million BTC to above 4.23 million BTC in just a few days, signaling continued confidence in Bitcoin’s longer-term outlook even as near-term volatility persists. Retail sentiment has deteriorated as Bitcoin struggles below key resistance, and social indicators point to a rise in bearish commentary across the crypto community. The split has become more visible: large investors continue to build positions while smaller traders pull back, often reflecting long-horizon value positioning versus short-term price sensitivity. Bitcoin trading around $66,000 has become a focal area for buyers and sellers. Some market participants remain hesitant, while others view the level as a potential entry zone supported by historical demand. Past periods of strong whale accumulation during bearish sentiment have sometimes preceded gradual recoveries, though outcomes depend on broader macro conditions, liquidity, and sustained inflows into digital assets. Tighter financial conditions and risk-averse investor behavior have also weighed on Bitcoin’s ability to regain upside momentum. Still, continued whale buying could reduce exchange supply over time, potentially supporting stabilization and a longer-term rebound. The latest accumulation trend highlights the widening gap between institutional-style confidence and retail caution as the market navigates ongoing uncertainty.