Bitcoin (BTC) is currently trading near the 110,000 USD level, up nearly 4.5% over the past seven days. The BTC price has remained above 105,000 USD for four consecutive days, reinforcing optimistic sentiment in the market.
This stability occurs in the context of a pause in accumulation by whales and strong technical indicators such as the alignment of optimistic EMA lines and support from the Ichimoku Cloud. As BTC tests important resistance levels, traders are closely watching to see if the momentum will continue or if a correction is approaching.
BTC whales pause accumulation
Between May 28 and June 4, the number of Bitcoin whale wallets—those holding between 1,000 and 10,000 BTC—increased from 2,002 to 2,017. This short-term increase indicates a renewed interest from large investors, often seen as smart money. However, since then, the number of whales has stabilized, fluctuating between 2,013 and 2,016 over the past week, with the current count at 2,013.
This lack of continuous growth indicates a pause in strong accumulation, at least for the moment.
Bitcoin whales | Source: SantimentMonitoring Bitcoin whales is very important because their movements often occur before significant price fluctuations. These large investors can influence market sentiment, create waves of liquidity, and signal the confidence or caution of institutions. The current level of activity of the whales may reflect a wait-and-see approach in the context of uncertain macro or technical conditions.
Although the recent increase suggests accumulation, the subsequent stagnation indicates that whales may be hesitant to deploy additional capital at the current price—potentially limiting short-term upside unless a new catalyst emerges.
Bitcoin held in the cloud, but the momentum has stopped
The Ichimoku Cloud chart for Bitcoin shows that the price action is above the blue cloud, reflecting an optimistic market structure. The Leading Span A ('s highest point of the cloud ) is trending upwards, and the blue color of the front cloud indicates that the bullish momentum continues. The cloud acts as a potential support zone.
! Bitcoin whales are slowing down near all-time highsBTC Ichimoku Cloud | Source: TradingViewThe recent breakout from the red cloud confirms that buyers have prevailed after the accumulation period. The blue line (Tenkan-sen) is still above the red line (Kijun-sen), which is another optimistic signal that the short-term momentum is stronger than the medium-term trend. However, both lines have been slightly flat, suggesting a small pause or consolidation.
The lagging span line in green (Chikou Span) is above the price and the cloud, reinforcing the bullish trend. However, its convergence with the current price action suggests that any decline below the Tenkan-sen may require caution.
Bitcoin faces a crucial support test
The EMA structure of Bitcoin continues to maintain a strong bullish trend, with short-term EMAs consistently above long-term EMAs and a healthy distance between them. This consistency confirms strong upward momentum and indicates that the continuation of the trend remains intact unless disrupted.
As the BTC price approaches the next resistance level, a breakout above this level could open up opportunities for further profits and may establish new short-term highs.
BTC price analysis | Source: TradingViewHowever, the downside risk remains. If the support near the 108,000 USD area fails, BTC could enter a correction phase, targeting lower support levels.
A break below the 106,700 USD area will open the door for a deeper correction, with the 103,000 USD and 100,400 USD areas becoming potential targets in a stronger downtrend.
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Whale activity slows down as Bitcoin approaches ATH – What will happen next?
Bitcoin (BTC) is currently trading near the 110,000 USD level, up nearly 4.5% over the past seven days. The BTC price has remained above 105,000 USD for four consecutive days, reinforcing optimistic sentiment in the market.
This stability occurs in the context of a pause in accumulation by whales and strong technical indicators such as the alignment of optimistic EMA lines and support from the Ichimoku Cloud. As BTC tests important resistance levels, traders are closely watching to see if the momentum will continue or if a correction is approaching.
BTC whales pause accumulation
Between May 28 and June 4, the number of Bitcoin whale wallets—those holding between 1,000 and 10,000 BTC—increased from 2,002 to 2,017. This short-term increase indicates a renewed interest from large investors, often seen as smart money. However, since then, the number of whales has stabilized, fluctuating between 2,013 and 2,016 over the past week, with the current count at 2,013.
This lack of continuous growth indicates a pause in strong accumulation, at least for the moment.
Although the recent increase suggests accumulation, the subsequent stagnation indicates that whales may be hesitant to deploy additional capital at the current price—potentially limiting short-term upside unless a new catalyst emerges.
Bitcoin held in the cloud, but the momentum has stopped
The Ichimoku Cloud chart for Bitcoin shows that the price action is above the blue cloud, reflecting an optimistic market structure. The Leading Span A ('s highest point of the cloud ) is trending upwards, and the blue color of the front cloud indicates that the bullish momentum continues. The cloud acts as a potential support zone.
! Bitcoin whales are slowing down near all-time highsBTC Ichimoku Cloud | Source: TradingViewThe recent breakout from the red cloud confirms that buyers have prevailed after the accumulation period. The blue line (Tenkan-sen) is still above the red line (Kijun-sen), which is another optimistic signal that the short-term momentum is stronger than the medium-term trend. However, both lines have been slightly flat, suggesting a small pause or consolidation.
The lagging span line in green (Chikou Span) is above the price and the cloud, reinforcing the bullish trend. However, its convergence with the current price action suggests that any decline below the Tenkan-sen may require caution.
Bitcoin faces a crucial support test
The EMA structure of Bitcoin continues to maintain a strong bullish trend, with short-term EMAs consistently above long-term EMAs and a healthy distance between them. This consistency confirms strong upward momentum and indicates that the continuation of the trend remains intact unless disrupted.
As the BTC price approaches the next resistance level, a breakout above this level could open up opportunities for further profits and may establish new short-term highs.
A break below the 106,700 USD area will open the door for a deeper correction, with the 103,000 USD and 100,400 USD areas becoming potential targets in a stronger downtrend.
Mr. Teacher