Key points:
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Bitcoin is based on 1.6% of daily profits as bulls exceed a new BTC sales round by a “OG” whale entity.
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The accumulation is in full swing in all areas, says research, with an interest that mimics the reout of April prices.
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BTC’s price action should avoid a maximum of historical “double top” below.
Bitcoin (BTC) broke over $ 113,000 on Thursday when Asia’s demand ignored the sale of fresh whales.
Bitcoin whales sales cannot drive lower BTC
Co -Intelegraph Markets Pro and Commercial view BTC/USD showed winning 1.6% in the day to reach maximum $ 113,365.
The increase liquidated around $ 40 million of cryptographic shorts in the four hours until the time of writing, according to the data of HornWith BTC resistance stacked above.
At the same time, a “OG” whale of Bitcoin began to distribute more of its supply, with 250 BTC ($ 28.2 million) sent to Crypto Exchange Binance. The transaction was observed by X Analytics counts Lookonchain, and followed a sale of 750 BTC the day before.
The distribution behavior of whales, which often involves inactive coins for a decade or more, previously caused a BTC price disadvantage.
Bitcoin Og “BC1QLF” has just deposited another 250 $ BTC($ 28.29m) for #Binancewith 3,000 $ BTC($ 339 million) left. pic.twitter.com/faugzna7gl
– Lookonchain (@lookonchain) August 28, 2025
When commenting on the recent sales trend between whales, Market analyst Peter Brandt argued that he reflected the classic “market tops.”
“It represented the supply. The tops in the markets are created by supply or distribution,” he wrote in part of an X Post on Wednesday.
As Cointelegraph reported, not all Bitcoin investor classes have rethink their market exposure.
As Andre Dragosch, Chief of European Research of Crypto Asset Manager Bitwise pointed out, both retail and institutional accumulation are now at its highest point since April, after a fall in the local minimums below $ 75,000.
“Such a high level of accumulation tends to precede the main upward sprouts,” Dragosch concludedtogether with bit a bit data.
Merchant: Bitcoin’s “double top” risk remains
Brandt was still sensible to perspectives, saying that BTC/USD needed to claim $ 117,500 to invalidate the reversal signs of bearish trends.
Related: Bitcoin can still reach $ 160K at Christmas with the return of Q4 ‘average’
Not doing so, he said, would leave the maximums recent of all time as a “double top” formation, discounting seven weeks of price action.
A warning signal of the Coinbase Prima Index before Open Wall Street showed that Bitcoin’s bulls were not yet clear.
The premium was red for Wednesday, according to the data of the Ochain analysis platform Cryptocharpointing out weakening the demand of the United States after a strong start of the week.
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