Whales Snatch Up 60,000 BTC in Just One Week: Is a Bitcoin Surge Ahead?
As Bitcoin prices ascend, experts indicate that recent whale activity may have significant implications for future price trends.
Whales Snatch Up 60,000 BTC in Just One Week: Is a Bitcoin Surge Ahead?
Bitcoin has surged over 10% in value, reaching $126,080, with whales purchasing over 60,000 BTC in just a week. New wallets show significant demand, but warnings of potential selling make the market’s future uncertain.
Whale Activity Behind Price Increase
Data shows that whale wallets, which hold between 100 to 1000 BTC, have collectively added 60,000 coins this week, increasing their total holdings to 5.11 million BTC. This follows a period of accumulation that began in August, accelerating sharply into October.
Over 60,000 Bitcoin $BTC bought by whales in one week! pic.twitter.com/MJdcIwo47u
— Ali (@ali_charts) October 6, 2025
During this period, Bitcoin rose from $110,000 to above $124,000, linking whale accumulation closely with rising prices. Recent data confirms a positive correlation between these metrics.
Additionally, CW noted that the realized capital from new whales has risen sharply. Charts tracking wallet cohorts reveal that recently active large holders contribute significant capital while older whales are mostly passive.
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Source: CryptoQuant
Signs of Distribution Emerging
Despite ongoing buying pressure, older holders appear to be selling, with a recent chart indicating significant outflows during the recent price rise. This trend, being the largest drop since January, could signal future corrections.
Killa asserted, “smart money is exiting, dumb money is entering,” suggesting experienced investors might be taking profits while latecomers rush in.
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Source: X
Price Structure Near Resistance
Bitcoin is now facing resistance at $126,000, showing signs of a rising wedge formation. The RSI indicates bearish divergence, which raises concerns about momentum.
ByzGeneral commented:
Hmmm…
It needs to pump right now or we get a small correction I think. $BTC pic.twitter.com/n6H9lo5ie6 — Byzantine General (@ByzGeneral) October 7, 2025
With growing sell-side liquidity beneath current levels, a price dip may occur before further upward movement.
Watch Levels: $128K or Pullback?
As Bitcoin surpasses $126,000, the next resistance appears to be around $128,000. Continued buying could push price toward this threshold, but increased selling could lead to a downturn.
Rekt Capital pointed out that Bitcoin may have completed its second correction in this cycle and is now at a pivotal moment for trend continuation. Mixed signals from whale behavior and market momentum may unfold clearer insights in the upcoming sessions.
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