Bitcoin Selling Pressure Absorbed: Giant Whales Begin Accumulating at Critical Levels

While the correction in Bitcoin’s price continues, the buying appetite of large investors in the spot market is sparking new hope for a recovery in the market.

Although the cryptocurrency leader Bitcoin (BTC) has made investors nervous with its recent price pullbacks, on-chain data shows the other side of the coin. According to recent data shared by CryptoQuant analysts, the average order size chart in the spot market indicates that the market’s giant players are quietly making their move.

Upon examining the data, it is evident that both large and small-scale whales are following a quite determined and stable strategy during the correction process. In particular, the large whale orders that have recently reappeared on the chart are considered the most concrete indicator that the selling pressure in the market is beginning to be absorbed. These massive capital inflows are boosting market morale by helping the Bitcoin price hold at a certain level.

Whales Accumulating in the Critical Support Zone

The Bitcoin price is currently testing a support zone that is of vital importance in technical analysis. In the shared chart, it can be seen that large whale orders—represented by green dots—intensified as the price pulled back into the $64,000 to $65,000 range. This proves that institutional and large-scale investors view the current prices as an accumulation opportunity and are reducing the selling pressure.

Price action in this support zone needs to be closely monitored for the general market trend to become clear. However, whales maintaining their buy-side positions is paving the way for reduced selling pressure and the re-establishment of a trust environment in the market. If such large-scale orders continue, Bitcoin is expected to complete its short-term correction and regain upward momentum.