• Whales withdrew $250 million Bitcoin from exchanges, confirming institutional accumulation and reduced sell pressure.
• Exchange inflows dominate, but BTC price stability implies strategic repositioning, not panic selling.

Bitcoin’s [BTC] recent rally has entered a structured accumulation phase, led by long-term investors rather than retail traders.

The asset has climbed from the $70K region without hype-driven volatility, signaling a more sustainable momentum shift.

After months of sluggish action, Bitcoin now tests a crucial resistance.

Price remains supported by a strong foundation of institutional demand. Therefore, the current rally may differ from past cycles, where emotional speculation often triggered abrupt peaks.

Bitcoin retracts under resistance

Bitcoin has broken out of its descending channel, setting the tone for a potential trend reversal.

At press time, it traded between $76,300 and $87,500 — a tight range forming a textbook accumulation zone. BTC hovered near $85,097, rising 0.68% over the last 24 hours.

However, the $87,500 resistance remains a psychological and structural barrier.

A clear break above this level could initiate a move toward $98,000 or even $100,000. Until then, BTC may continue ranging as buyers gradually absorb selling pressure.

Whale activity signals strong conviction

Of course, behind the scenes, large players made bold statements.

A wallet linked to Abraxas Capital has withdrawn 2,949 BTC, worth nearly $250 million, over four days. The latest withdrawal included 505 BTC, valued at $42.64 million, taken from Binance.

These movements weren’t random. Instead, they reflected deliberate accumulation and reduced supply on exchanges. Naturally, this kind of activity bolsters bullish confidence — especially during consolidation phases.

Besides, BTC saw Net Inflows of +1.26K at the time of writing.

These inflows currently dominate, as shown by consistent green bars on the flow chart. However, prices remain stable, indicating that these transfers are not intended for immediate selling.

Instead, the activity may reflect internal rebalancing or futures-related strategies.

Therefore, while inflows usually suggest short-term bearish pressure, current market conditions defy that narrative. Liquidity appears controlled, and sell-side pressure remains soft.

Will Bitcoin see further upside?

In/Out of the Money data showed that 77.52% of holders were in profit at press time.

Only 16.79% remained out of the money, reducing the chances of forced selling. This metric reveals that price was near—but not yet in—resistance-heavy zones between $86K and $106K.

The NVT Golden Cross read -0.73, despite a 21.33% price rise — still far below the 2.2 “overbought” threshold.

Meanwhile, the Stablecoin Supply Ratio (SSR) ticked up 1% to 14.41, affirming available liquidity to back further gains.

Bulls gear up for the next leg

Bitcoin’s price structure remains firm as whales accumulate and inflows shift toward strategic intent. The resistance at $87,500 may act as a final test before bulls reclaim higher ground. 

However, the lack of overheated indicators and strong institutional presence may give BTC the fuel it needs. Therefore, a breakout into the $90K–$100K range could soon become a reality if this momentum sustains.