In 10 days, they swept up 41,025 Bitcoin—yet the price is stuck right at the 85,000 threshold for an entire week 🦖
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On-chain data firm Santiment’s latest disclosure: addresses holding between 10 and 10,000 BTC have net added 41,025 Bitcoin in just 10 days. The combined holdings of these whale wallets have already reached 13.64 million BTC, accounting for 67.93% of the total supply worldwide. But meanwhile, Bitcoin’s price on September 30 was still hovering around $83,300. The supply wall between $84,000 and $85,000 has never been chewed through 🐋
First, let’s look at the price position. On September 21, Bitcoin briefly surged to $87,363 during the intraday session, then gave it all back along the way down. On September 28, it closed at $83,503, and even dipped to as low as $82,571 that day. The first line of defense below is $82,000 to $82,800. The first gate above is $84,000 to $85,200. Only higher up do we see the September high around $87,400. That means over the past few trading days, Bitcoin has been grinding back and forth in the middle of this range ⚠️
Now, consider the two legs of the money flow. First, coins are moving out of exchanges: on September 25, a major exchange saw daily outflows of more than 13,800 BTC— the largest single-day outflow since early 2023. Over four days, the exchange’s reported Bitcoin reserves fell from 705,000 BTC to 685,000 BTC, down roughly 20,000 BTC. Second, institutions are buying in: from September 21 to 25, U.S. spot Bitcoin ETFs saw total net inflows of about $2.39 billion, the strongest weekly inflows since 2026 📈
Analyst Ali Martinez’s script is even more direct: he believes Bitcoin has already formed a double-bottom pattern, and as long as the $82,000 neckline holds, the pattern target points to $100,000. But he also emphasizes that this is a conditional target—not a result that has already been realized. Conversely, if $82,000 breaks, deeper support to watch would be $72,000 to $73,000.
My take: whale accumulation, declining exchange reserves, and ongoing ETF buying—all three signals lean bullish. Yet the price simply won’t move up, and that in itself is the most valuable information—it shows that the sell pressure around $84,000 to $85,000 is real. Whales buy faster than the chart reacts, but price only respects traded volume. Reading “accumulation” as “pull up immediately” is the easiest trap to fall into this round.
Do you think this whale accumulation is a trap set up before a breakout, or will it just get pushed back again by that $85,000 wall? Let’s discuss in the comments.
Click the profile picture to watch the livestream
Every day, I’ll help you track crypto hot topics—not just what happens in the news, but how to understand the logic and opportunities behind it 👀🚀
📊 进群看每日策略
On-chain data firm Santiment’s latest disclosure: addresses holding between 10 and 10,000 BTC have net added 41,025 Bitcoin in just 10 days. The combined holdings of these whale wallets have already reached 13.64 million BTC, accounting for 67.93% of the total supply worldwide. But meanwhile, Bitcoin’s price on September 30 was still hovering around $83,300. The supply wall between $84,000 and $85,000 has never been chewed through 🐋
First, let’s look at the price position. On September 21, Bitcoin briefly surged to $87,363 during the intraday session, then gave it all back along the way down. On September 28, it closed at $83,503, and even dipped to as low as $82,571 that day. The first line of defense below is $82,000 to $82,800. The first gate above is $84,000 to $85,200. Only higher up do we see the September high around $87,400. That means over the past few trading days, Bitcoin has been grinding back and forth in the middle of this range ⚠️
Now, consider the two legs of the money flow. First, coins are moving out of exchanges: on September 25, a major exchange saw daily outflows of more than 13,800 BTC— the largest single-day outflow since early 2023. Over four days, the exchange’s reported Bitcoin reserves fell from 705,000 BTC to 685,000 BTC, down roughly 20,000 BTC. Second, institutions are buying in: from September 21 to 25, U.S. spot Bitcoin ETFs saw total net inflows of about $2.39 billion, the strongest weekly inflows since 2026 📈
Analyst Ali Martinez’s script is even more direct: he believes Bitcoin has already formed a double-bottom pattern, and as long as the $82,000 neckline holds, the pattern target points to $100,000. But he also emphasizes that this is a conditional target—not a result that has already been realized. Conversely, if $82,000 breaks, deeper support to watch would be $72,000 to $73,000.
My take: whale accumulation, declining exchange reserves, and ongoing ETF buying—all three signals lean bullish. Yet the price simply won’t move up, and that in itself is the most valuable information—it shows that the sell pressure around $84,000 to $85,000 is real. Whales buy faster than the chart reacts, but price only respects traded volume. Reading “accumulation” as “pull up immediately” is the easiest trap to fall into this round.
Do you think this whale accumulation is a trap set up before a breakout, or will it just get pushed back again by that $85,000 wall? Let’s discuss in the comments.
Click the profile picture to watch the livestream
Every day, I’ll help you track crypto hot topics—not just what happens in the news, but how to understand the logic and opportunities behind it 👀🚀
