Bitcoin whales are making waves once more, as they seize the opportunity to bolster their holdings amidst BTC’s current price dip. With Bitcoin prices hovering below their all-time highs, the stage is set for a potential correction that could see prices bouncing around the mid-$90,000 zone—according to fresh analysis circulating in the cryptosphere.
Whales on the Hunt: The BTC Accumulation Game
Bitcoin’s price has been treading water, fluctuating within a $5,000 range after peaking at a staggering $112,000. Amidst this consolidation phase, large-volume traders, often dubbed “whales,” are expanding their BTC portfolios, a move that signals optimism towards Bitcoin’s future trajectory. Keith Alan, co-founder of Material Indicators, noted in his latest commentary that whales are actively accumulating BTC, with buy volumes increasing in the largest transaction classes typically linked to these hefty market players. This follows recent trends highlighted in Bitcoin Surges Past $94,000 as Institutional Interest and Market Optimism Grow.
Alan’s analysis, shared on X, outlines a potential support zone at the 21-week moving average, near $94,000, should the market experience a pullback. He points out that while the market is currently bullish, the path is rarely a straight line. “There’s no such thing as ‘up only’ in trading,” Alan remarked, emphasizing the likelihood of consolidation or correction phases following periods of consecutive gains.
A Dance with Volatility: Traders’ Strategic Moves
In the ever-evolving world of crypto, James Wynn from Hyperliquid has been making headlines with his high-stakes trading maneuvers. Wynn’s actions don’t just reflect his personal trading strategies—they’ve turned into market signals in their own right. His recent exploits, shared widely on social media, involve a series of leveraged long and short BTC positions, with Wynn accusing other traders of attempting to liquidate him through price manipulation.
Wynn’s candid revelations on X—where he detailed a near-miss with liquidation after being targeted by a rapid price dump—have captured the community’s attention. It’s a stark reminder of the volatility inherent in crypto trading, where fortunes can change in the blink of an eye. As of today, monitoring resource HyperDash reports Wynn’s 40X leveraged long position at an unrealized loss of $3.4 million—a testament to the high-risk nature of such trades.
Looking Ahead: A Market Poised for Change
As Bitcoin whales continue to add to their positions, the market remains abuzz with speculation. The current price activity, marked by consolidation above the $100,000 threshold, could either pave the way for new highs or signal a looming correction. Analysts are keeping a close eye on the 21-week moving average, which may act as a safety net should prices dip further. This sentiment echoes concerns discussed in Bitcoin Surpasses $95K Amid Resilient U.S. Stocks, Analysts Voice Concerns Over Market Perception.
The broader market dynamics, fueled by both whale accumulations and individual trading strategies like Wynn’s, underscore the complexity and unpredictability of Bitcoin’s price movements. As we move through the remainder of 2025, key levels like the $94,000 support zone will be crucial in determining Bitcoin’s path forward.
In this high-stakes arena, one thing is clear: the crypto landscape is as dynamic as ever, with opportunities and risks lurking at every turn. Whether whales will continue to drive the market upwards or if a correction is on the horizon remains an open question—one that will undoubtedly keep traders and analysts on their toes in the coming months.
Source
This article is based on: Bitcoin whales keep buying as BTC price dip targets include $94K
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
