Bitcoin cooled after its recent run towards $76,000, but remained above $74,000 for three days in a row.
At the time of writing, BTC was trading at $74,577, up 1.02% on the daily chart. That stability kept the short-term uptrend intact.
Are Bitcoin Whales Buying or Selling Now?
While the price remained stable, whale activity increased.
CryptoQuant’s Spot Average Order Size data showed an increase in large orders over the past week. This reflected stronger whale participation.
Large orders on Spot not only confirm the direction. They can signal both accumulation and distribution.
Still, CoinGlass data pointed to a transition phase. Some whales sold in strength, while others piled on aggressively.
Buy-side interest clustered between $65,000 and $74,000, forming a broad demand zone.
Data from the chain supported this. Look at chain reported three new wallets withdrew 1,600 BTC, worth $120 million, from the exchanges. This move indicated new accumulation, despite recent price increases.
However, selling pressure remained active above $75,000.
Whales were consistently sold in rallies near this level in the Spot and Futures markets. That behavior turned $75,000 into strong resistance.
Furthermore, Futures activity reinforced the trend. Matrix gate Closed a $112 million long position in BTC, locking in a profit of over $8.7 million.
That action revealed a split market. Some whales piled on, while others realized gains at higher levels.
Is Bitcoin stuck between buyers and sellers?
As of press time, Bitcoin [BTC] traded between a clear buying wall and selling wall.
Repeated attempts to break $75,000 have failed, triggering a pullback. At the same time, whales defended the $70,000 to $72,000 range.
That balance kept BTC within a narrow range, with neither side in complete control.
Still, short-term momentum remained positive. BTC remained above the 9-day and 21-day moving averages for four consecutive sessions.
At the same time, the Stochastic Momentum Index (SMI) formed a bullish crossover and rose to 67. The signal line remained near 66.
This showed that buyers had a slight lead, but not enough to dominate. The next move depends on which side gains control.
If whales continue to gather near $70,000 – $74,000, BTC could break $75,000 and target $78,000 – $80,000.
However, if resistance persists, another decline towards $70,500 remains likely.
Final summary
- Bitcoin stayed above $74,000 for three days, showing short-term stability after cooling off from $76,000
- New withdrawals of 1,600 BTC from exchanges indicate continued long-term accumulation by new wallets