Bitcoin Whales Accumulate, But Price Struggles at $106K

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Bitcoin whales doubled down on their BTC purchases, but long-term holder selling and resistance above $106,000 curtailed a potential recovery to $110,000.

Bitcoin rebounded 8.7% to $107,500 on Tuesday, following its four-month low of $98,900, as whales took advantage of discounted prices to add to their holdings. The price corrected to below $103,000 on Thursday, as $106,000 proved a tough barrier to break.

Key takeaways:

Bitcoin whales recorded their second-largest weekly accumulation of 2025.

Long-term holders continue to sell, frustrating recovery attempts.

BTC sell pressure sits at $106,000, a resistance level that may stop the bulls.

Bitcoin whales scoop up 45,000 BTC

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