Bitcoin is currently trading around 7% below its record high of $112,000, under fresh selling pressure amid a broader market pullback. However, a subtle shift may hint at deeper changes in market dynamics.
While retail traders have become cautious, on-chain data from Alphractal shows that Bitcoin whales are quietly increasing their exposure. The “whale-to-retail ratio”—a metric comparing the buying activity of large vs. small investors—is rising again. Historically, such shifts often precede bullish trends, as institutional players accumulate while retail investors stay on the sidelines.
Bitcoin remains above the key psychological support of $100,000 and recently found short-term support near $103,600. The 50-day SMA at $101,026 is a critical level to hold, with resistance looming near $109,300. Price action is consolidating around these moving averages, suggesting a potential breakout or breakdown may arrive soon.
Bitcoin whales are aggressively accumulating this week, signaling renewed institutional confidence. Watch for a breakout above $107K and a move toward $109K. pic.twitter.com/abcWhale
— Crypto Rover (@CryptoRover) June 8, 2025
Further supporting the accumulation narrative, Coin World reports that over 79,000 BTC were acquired by whales in a single week, primarily within mid-tier wallets holding 10–10,000 BTC—classic signs of growing institutional interest.
Despite cooling inflation, rising bond yields, and volatile stock markets, Bitcoin’s hold above $100K and the emergence of whale accumulation sets a foundation for a possible strong movement—assuming macro conditions align.
Analysts are now eyeing two possible scenarios:
- If Bitcoin maintains support near $103,600 and reclaims momentum toward $108,000, a retest of the all-time high could come into focus.
- Alternatively, a decisive break below $103,600 could trigger a deeper correction, with next major support near $92,600.
Meanwhile, Circle Internet Group’s IPO surged nearly 170% on its debut, pushing broader crypto momentum.
Bottom line: The current calm in retail sentiment, combined with steady whale accumulation and technical support, could set the stage for a decisive breakout—or expose the market to a deeper retracement. Traders and investors should monitor these levels and on‑chain signals closely.