Bitcoin Consolidates Below $100,000 as Whales Await Clear Direction

Bitcoin remains below $100,000 as whales show cautious accumulation, with market direction hinging on key support and resistance levels.

Azcnews Breaking Bitcoin Consolidates Below $100,000 As Whales Await Clear Direction

Bitcoin briefly dipped to $93,500 yesterday before rebounding to its current level. Over the past two weeks, BTC has remained below the $100,000 mark, with technical indicators reflecting an ongoing battle between buyers and sellers. Despite attempts at recovery, the cryptocurrency remains in a sideways trend, facing strong resistance levels that prevent a breakout.

The number of Bitcoin whales has seen a slight uptick, signaling some accumulation. However, it remains significantly lower than the peaks observed in December and January. Whether BTC regains upward momentum or continues to face selling pressure will depend on how it reacts to key support and resistance levels in the coming days.

Currently, the number of Bitcoin whale addresses—wallets holding over 1,000 BTC—has increased to 2,051, up from 2,037 ten days ago. Tracking these large holders is crucial, as their accumulation or distribution often signals potential shifts in market sentiment.

Bitcoin Number Whale Addresses
Bitcoin Number Whale Addresses

A rise in whale numbers typically suggests growing confidence in BTC’s long-term value, as these major holders tend to buy during perceived undervaluations. Conversely, a decline in whale addresses could indicate distribution, potentially leading to increased selling pressure and a price downturn.

While the recent increase in whale addresses hints at renewed accumulation, the overall count remains well below levels seen in December and January. This suggests that although some large investors are returning, institutional and long-term investor confidence has yet to fully recover.

If the number of whales continues to grow, it could support a more sustained bullish trend. However, if the increase stalls or reverses, it may signal lingering uncertainty in the market.

Love

0.0/5

Love

Latest

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

How To Join The Metamask Airdrop 

Airdrops | Editor Choice

How to Join the MetaMask Airdrop 

Join the Metamask airdrop hunt, the most popular blockchain wallet in crypto is having a 90-day point earning program.

Binance Delists 3 Altcoins, Prices Instantly Swing

News | Altcoin | Editor Choice

Binance Delists 3 Altcoins, Prices Instantly Swing

Binance’s unexpected decision to delist three altcoins — FLM, KDA, and PERP — has sent shockwaves through the crypto market, triggering intense volatility. Yet, in a surprising twist, FLM surged, defying all conventional market logic.

The Pattern Is Repeating, Xrp Predicted To Surge To $15

News | Altcoin | Editor Choice

The Pattern Is Repeating: XRP Predicted to Surge to $15

This wave of optimism follows a strong market rebound after the sharp correction on October 10, reigniting hopes that XRP may be entering a new breakout cycle.

Bitcoin Unlikely To Rally Until The Us–china Deal Is Finalized

News | Bitcoin | Editor Choice

Bitcoin Unlikely to Rally Until the US–China Deal Is Finalized

Bitcoin continues to swing sharply around the $116,000 resistance level as markets hold their breath ahead of two major events: the Federal Reserve’s rate decision and the outcome of the US–China trade negotiations.

Screenshot 2025 10 20 091338