Signals from Bitcoin whales and Miners suggest a potential upcoming price increase. New data from CryptoQuant shows that large investors are currently holding 3.57 million BTC.
This number is close to the previous high of 3.74 million BTC set in early 2021.
Bitcoin Whales Are Increasing Their Holdings
As whales continue to add to their reserves, they act as strong bullish reservoirs. Their increasing accumulation reduces available supply and provides price support.
The current upward trend in whale holdings suggests that institutions and high net worth investors view price drops as buying opportunities and predict higher future prices.
Total Bitcoin holdings of whales. Source: CryptoQuant"This indicator reflects the actual balance of large investors by excluding exchange addresses and mining pools. This provides a clearer view of strategic accumulation by large investors. Continuous growth in whale holdings often signals institutional confidence and strong fundamental demand, which are primary drivers of long-term price appreciation cycles," said CryptoQuant analyst JA Maartunn to BeInCrypto.
However, not all indicators are pointing up. According to CryptoQuant, the Hash Ribbons indicator—tracking Miners' stress—recently issued a buy signal.
This typically reflects short-term volatility when Miners face profitability challenges, forcing some to sell Bitcoin to maintain operations.
History shows these short-term stresses often create foundations for sustainable price increases. Miners' surrender can trigger initial price drops.
But ultimately, it eliminates weaker players from the market and tightens supply.
Last week, Bitcoin's price showed significant volatility. Affected by a heated public dispute between Elon Musk and Donald Trump, Bitcoin dropped below $101,000. This led to nearly $1 billion in liquidations.
However, Bitcoin quickly recovered above $105,000, showing strong buying pressure.
Technical analysts are also optimistic. They emphasize a "cup and handle" pattern on Bitcoin's daily chart, suggesting a potential price breakout if it surpasses $108,000.
Moreover, institutional activity also supports this price increase prospect. Bitcoin Futures Contract open interest has increased over $2 billion in recent days, while funding rates remain low.
This scenario creates a favorable environment for a potential short-term squeeze.
Will BTC Maintain the Psychological $100,000 Support?
Currently, whale accumulation data and Miners' stress define a clear trading range. Strong support lies between $100,000 and $102,000.
This means BTC is likely to maintain the $100,000 psychological level even during short-term corrections.
Meanwhile, resistance awaits in the $108,000–$110,000 zone, where a breakout could push prices to $120,000.
Traders should closely monitor stimulating factors, such as additional Miners' selling, as these can quickly impact price action.
Additionally, macroeconomic headlines related to the Fed and global trade dynamics are likely to maintain high volatility.
