Bitcoin Whale Accumulation Hits 2025 High as Price Stalls Below $106K
On-chain analytics provider Glassnode reports Bitcoin has seen its second-largest whale accumulation of 2025, yet the spot price continues to struggle below the $106,000 level. The data highlights a concentrated supply band between $106,000 and $118,000 where roughly 417,750 BTC are clustered, creating a substantial resistance zone that has absorbed recent buying pressure. Long-term holders are also applying sustained selling pressure, limiting short-term upside.
The juxtaposition matters because large whale accumulation typically signals conviction, but the dense supply cluster and continued outflows from long-term holders make an immediate breakout unlikely. For bulls to reclaim momentum they’ll need demand to meaningfully absorb that 417k+ BTC supply; otherwise the market may consolidate or test lower support levels before a decisive move. Traders should watch volume and on-chain flows for signs of absorption or renewed distribution.