Whale Accumulation Struggles to Push BTC Beyond 106K

Whale Accumulation is once again in the spotlight as Bitcoin attempts to rebound from recent lows, yet the strong buying interest from major holders has not been enough to send BTC above the tough 106,000 dollar barrier. The latest market data shows that whales have been actively purchasing discounted Bitcoin, but growing sell pressure and persistent resistance levels continue to frustrate bullish momentum.

Bitcoin’s recent price action is also reflected in the one-month chart from CoinMarketCap, which shows a sharp decline toward the 98,900 dollar low followed by a recovery attempt toward 107,500 dollars. The chart highlights the increased volatility throughout the month as Bitcoin moved between key support and resistance zones while traders reacted to shifting market sentiment. Despite several rebound attempts, the visual trend underscores how the 106,000 to 107,000 dollar range has repeatedly acted as a ceiling, aligning with the broader analysis of heavy sell pressure and the need for renewed demand to drive a sustained breakout.

Whale Accumulation Surges After Bitcoin’s Price Dip

Bitcoin recently rebounded from a four-month low of 98,900 dollars, climbing as high as 107,500 dollars before correcting back below 103,000 dollars. This recovery attempt appeared promising at first as Whale Accumulation intensified. Data shows that large Bitcoin holders recorded their second-largest weekly buying activity of 2025, signaling renewed interest from major players following the recent price drop.

According to onchain insights, these whales accumulated more than 45,000 BTC in just one week. Entities holding 1,000 BTC or more carried out their strongest buying wave earlier in March during another sharp price decline. This trend appears to be repeating as whales consistently use price weakness to reinforce their holdings.

CryptoQuant analyst Caueconomy noted that large investors are taking advantage of small investor capitulation, absorbing coins while retail traders exit during volatility. This pattern fits previous market cycles where whales increase their holdings during periods of fear and uncertainty.

Despite this significant Whale Accumulation, analysts say the buying volume has not yet translated into a broad buy-the-dip recovery. Instead, Bitcoin’s price remains constrained below 106,000 dollars, showing that accumulation alone is not enough to reverse the current market structure.

Why Whale Accumulation Is Still Not Moving the Market

Resistance Near 106K Holds Firm Against Whale Accumulation

Even though Whale Accumulation has strengthened, Bitcoin continues to face heavy resistance between 106,000 and 118,000 dollars. This region contains a dense cluster of supply from investors who previously bought at these levels and are now looking to exit near breakeven.

Glassnode reported that around 417,750 BTC were acquired at an average cost between 106,000 and 107,200 dollars. This creates a strong resistance zone where many holders are ready to sell into any price rally, effectively capping upward momentum.

This overhang of supply means that even when whales accumulate large amounts of Bitcoin, the market still needs renewed demand from new entrants to overcome selling pressure. Without it, each attempt to break above 106,000 dollars risks being rejected.

Long-Term Whales Adding Sell Pressure

While some whales are adding to their positions, not all major holders are accumulating. A notable long-term investor, Owen Gunden, transferred 2,401 BTC worth approximately 245 million dollars to Kraken. Such movements to exchanges generally indicate a potential intent to sell, adding more sell-side pressure to the market.

Cointelegraph previously reported that long-term holders have been moving large amounts of Bitcoin to exchanges over recent weeks. This trend has introduced concerns about long-term market confidence as Bitcoin struggles to regain its earlier bullish momentum.

Market Needs Broader Participation Beyond Whale Accumulation

Analysts emphasize that whales alone cannot drive Bitcoin above 106,000 dollars. Glassnode highlighted the need for conviction and demand from retail investors, day traders, and new market participants. These groups typically provide the broader buying pressure necessary to sustain a strong breakout.

At the moment, the lack of fresh inflows limits the strength of any upward movement, even with substantial Whale Accumulation occurring.

Technical Outlook: Bitcoin Must Break Resistance for Bullish Continuation

BTC Requires a Break Above 106K to Shift Momentum

Technical analysts agree that Bitcoin must flip the 106,000 to 107,000 dollar zone into support before aiming for higher highs. Until that happens, any rally attempts remain vulnerable to rejection within this resistance band.

Analyst Daan Crypto Trades stated that Bitcoin is trending upward on lower time frames but must break above the 107,000 dollar area to confirm strength. A successful breakout would potentially place BTC back inside a higher trading range.

Path Toward Higher Targets Requires Stronger Follow-Through

CRYPTO Damus noted that Bitcoin needs to make a higher high above 106,000 dollars and break above the downtrend line at roughly 107,350 dollars to shift the market sentiment to bullish. Accomplishing this would indicate a reversal from the recent downward structure.

Michael van de Poppe, founder of MN Capital, said a decisive break north of the 108,000 to 110,000 dollar area would likely open the door to a new all-time high. However, he emphasized that BTC must first reclaim the lost levels and maintain strength above the 107,000 dollar range.

Cointelegraph also reported that a break and close above the 107,000 dollar breakdown level would signal that buyers have regained control of the market.

Whale Accumulation Shows Strength but Faces Major Obstacles

Whale Accumulation continues to play an essential role in Bitcoin’s price stability, especially during periods of market weakness. The recent 45,000 BTC buying wave demonstrates that large holders remain confident in Bitcoin’s long-term prospects.

However, current market conditions show that accumulation alone cannot break the persistent resistance zone around 106,000 dollars. With long-term whales selling, retail participation decreasing, and a large concentration of supply sitting just above current prices, Bitcoin needs a broader surge in demand to shift market momentum.

For now, BTC remains in a critical range where the next major move will depend on whether buyers can generate enough strength to overcome supply-heavy zones. If Whale Accumulation continues while new entrants return to the market, a breakout could eventually form. Until then, resistance levels remain the primary barrier preventing Bitcoin from reclaiming higher ground.

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