Source: Crypto Economy News Agency
3 weeks ago•
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Bitcoin Whales Double Down as Wall Street Fuels Rally

Bitcoin Whales Double Down as Wall Street Fuels Rally

Bitcoin whales holding 100 to 1,000 BTC added 113,950 BTC since July 15, lifting their combined holdings to roughly 5.24 million BTC. U.S. spot Bitcoin ETFs attracted almost $1 billion on Monday, showing Wall Street capital is contributing materially to the latest rally.
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BTCUSD: Moderately bullish, but follow-through is unconfirmed. Whale accumulation alongside substantial spot-ETF inflows points to demand from both on-chain holders and traditional-market investors—potentially supporting the rally if those flows persist. But the nearly $1 billion ETF figure was for one Monday; the article says subsequent inflows were smaller, so it is not yet evidence of sustained demand.

The near-term test is whether buying can absorb supply around $88,000–$90,000, identified in the article as resistance. A failure there, especially if ETF inflows fade or larger holders begin distributing, could leave BTC vulnerable to a pullback. Elevated yields, expensive oil, and a recent rate increase are additional potential headwinds to risk appetite. Traders should watch ETF flow persistence, whale-balance trends, and BTC’s response at that supply zone; the reported accumulation is supportive, but does not guarantee continuation.

Source: Crypto Economy
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