Bitcoin whale holdings have climbed to a five-month high, signalling renewed accumulation that could tighten supply and support a move above $80,000.
Wallets holding between 1,000 and 10,000 BTC have added roughly 240,000 BTC since December, pushing total holdings to 3.09 million BTC, a level last seen in November 2025.
Institutional investors have also accumulated around 92,900 BTC over the past month, with demand outpacing selling pressure and reinforcing a bullish longer-term market structure.
Short-term price action remains fragile, with Bitcoin trading near $77,731 and forming a potential double-top pattern around $79,400, indicating a possible pullback toward liquidity zones near $74,700 and $73,700.
Derivatives data show over $1.2 billion in sell volume hitting Binance in a single hour, while funding rates have dropped to deeply negative levels, raising the likelihood of a short squeeze if sentiment reverses.
Analysts suggest that holding above key support levels could preserve the broader uptrend, with a breakout above $80,000 invalidating bearish signals and restoring bullish momentum.
The ongoing accumulation by whales and institutions reflects tightening supply conditions, positioning Bitcoin for a potential rally as demand continues to outweigh available inventory.
At the time of reporting, Bitcoin price was $77,314.88.