Bitcoin is trading below key demand levels after experiencing days of price compression between critical levels. BTC recently lost the $90K support and dropped to $86K, setting a fresh low as selling pressure intensifies. The market remains uncertain, with short-term investors showing signs of fear while larger players continue accumulating.
CryptoQuant data reveals that Bitcoin whales are actively buying despite the market downturn. A total of 26,430 BTC recently flowed into whale accumulation addresses, which are often associated with over-the-counter (OTC) deals and long-term custody. This suggests that while retail investors may be panic-selling, institutional buyers and high-net-worth individuals are taking advantage of the price drop to accumulate more BTC.
Historically, similar whale accumulation trends have preceded major price reversals, indicating that big players may be positioning for a potential recovery. If Bitcoin reclaims the $90K level and holds above it, bullish momentum could return, pushing BTC back toward the $95K–$100K range.
However, if selling pressure continues and BTC fails to bounce, further downside toward lower demand levels could follow. The next few days will be crucial in determining whether whales’ buying activity can support a price rebound or if Bitcoin will continue its downward trend.
Bitcoin Struggles Below $90K As Whales Accumulate
Bitcoin has lost key support after days of uncertainty regarding its short-term price direction. BTC is struggling below the $90K level as bulls fail to establish a base for a reversal. Selling pressure has dominated the market, with fear driving prices lower. However, despite the bearish sentiment, some analysts remain optimistic, predicting that Bitcoin will have a massive bull market later this year.
According to CryptoQuant insights, large-scale accumulation is taking place even as BTC trades at fresh lows. Data reveals that 26,430 BTC recently flowed into whale accumulation addresses, which are typically associated with over-the-counter (OTC) deals and long-term custody.
This movement indicates that big players are buying aggressively at current levels, taking advantage of market fear to accumulate Bitcoin at lower prices. Historically, similar trends have occurred near strong demand zones, often leading to a reversal in price.
The coming days will be crucial for Bitcoin’s short-term outlook. If BTC can reclaim the $90K level and hold above it, a relief rally could follow, potentially pushing the price back toward $95K or higher. However, if selling pressure continues, Bitcoin could extend its decline toward lower demand zones. For now, whales appear to be betting on long-term growth, absorbing BTC as the market experiences extreme fear.
BTC Bears Take Control After Breakdown
Bitcoin is trading at $89K after finally setting a short-term direction into lower demand. The market has been struggling for weeks, with BTC stuck in a tight range between $90K and $100K. Now that BTC has lost its key support, top analysts believe this drop could lead to even lower prices or an extended consolidation period.
Despite the bearish momentum, bulls still have a chance to regain control if they can reclaim the $90K level quickly. A push above $95K would confirm a potential recovery phase, giving BTC the strength to retest higher supply levels. However, failure to hold current prices could trigger another wave of selling, pushing BTC deeper into lower demand zones.
For now, investors remain cautious as the market digests this recent drop. If Bitcoin can stabilize above $89K and reclaim lost ground, confidence may return, fueling a new bullish move. The coming days will be crucial in determining whether BTC can recover or if further downside is inevitable.
Featured image from Dall-E, chart from TradingView