Bitcoin Whales Scoop up 4527 BTC Worth 362 Million in Just 24 hours

Bitcoin whales bought 4,527 BTC worth $362M in 24 hours as BTC traded near $79,960, with key resistance at $90K and $94.5K.

Bitcoin whales bought 4,527 BTC, worth about $362 million, in the past 24 hours, according to market data shared by analysts.

The buying came as Bitcoin traded near $79,960, while short-term performance showed early recovery signs.

The move drew attention because it happened during weak market structure and heavy short positioning.

Whales Add 4,527 BTC During Market Weakness

Large Bitcoin holders increased exposure by 4,527 BTC in one day. At current prices, the purchase was valued near $362 million.

Whale buying is often tracked because large wallets can show market confidence or portfolio rebalancing.

The accumulation came while Bitcoin remained below major resistance levels. BTC was trading near $79,960 on the daily chart.

Price was still below the Fibonacci retracement range drawn between $94,520 and $147,280.

Analysts often watch whale activity during periods of market stress.

Large buying can support short-term demand, but it does not confirm a trend reversal. Price confirmation is still needed before the wider market structure changes.

Bitcoin Price Holds Below Key Resistance

Bitcoin’s daily chart still shows pressure after a sharp drop from previous highs. The main resistance zone is between $85,000 and $90,000.

Recent bounces have failed in this area, so traders continue to watch it closely. The stronger resistance level remains near $94,500.

This level was a key swing area before the breakdown. A daily close above it could show that sellers are losing control.

Higher resistance levels sit at $105,810, $114,674, and $120,900. These levels come from the Fibonacci map on the daily chart.

Above them, further resistance stands near $127,126, $134,828, and $147,280.nSupport is now focused near the $78,000 to $80,000 range.

Bitcoin is trading close to this area. If this zone fails, traders may watch $74,000 to $75,000, and then $70,000.

Momentum readings remain mixed on the daily chart. The MACD is still below the zero line. That shows broader momentum remains weak, even though selling pressure has slowed.

The MACD line has started to turn upward toward the signal line. The histogram has also improved from deeper negative levels.

This shows that bearish pressure may be easing, but it does not confirm a full recovery.

The RSI is near 61, while its moving average is near 49. This shows buyers have returned in the short term.

However, RSI alone is not enough to change the larger chart setup. Performance data also shows a mixed picture.

Bitcoin gained 1.28% over 24 hours and 1.59% over seven days. It also gained 19.38% over 30 days, which shows a strong monthly rebound.

The longer time frames remain weaker. Bitcoin is down 21.33% over 180 days. It is also down 8.68% year to date and 16.64% over one year.

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Long/Short Ratios Show Bearish Positioning

Long/short data shows that many traders remain cautious. Binance BTC/USDT accounts showed a long/short ratio of 0.5373. OKX BTC accounts showed a ratio of 0.64.

Binance top trader accounts had a ratio of 0.5623. Binance top trader positions showed a ratio of 0.7492.

All readings were below 1.0, which means short exposure was higher than long exposure.

This positioning may create a sensitive market setup. If Bitcoin rises above nearby resistance, short sellers may close positions.

That could add buying pressure in the short term. For now, Bitcoin remains in a recovery attempt below major resistance.

Whale buying has added interest to the market, but price must reclaim $90,000 and $94,500 for stronger confirmation.

The post Bitcoin Whales Scoop up 4527 BTC Worth 362 Million in Just 24 hours appeared first on Live Bitcoin News.