Bitcoin News: Whales Resume Big Buying as BTC Price Faces Bear Market Squeeze

Key Insights:

• Bitcoin news showed that whales increase buying as retail investors continue selling.
• BTC trades between key long-term chart levels as pressure builds.
• Over $530 million in liquidations hit the market after BTC fell below $63,000.

Bitcoin whales are buying again, even as BTC price trades below $63,000. As per the Bitcoin news, large holders added to their positions during the latest price drop, while many smaller investors sold.

At the same time, BTC price remains stuck between two major chart levels, keeping traders on edge as liquidations continue to rise across the market.

Bitcoin News: Whales Buy While Retail Traders Sell

Large Bitcoin holders were active during the latest market decline instead of moving away from the market. Data shared by market analyst CW showed the Bitcoin CVD indicator continued to point to net buying from whale wallets even as the price fell.

In simple terms, large investors were buying the coins that others were selling. The same Bitcoin news data showed that most of the selling came from retail traders.

Many smaller investors sold after the market turned lower, while whales kept adding to their holdings during the decline. This difference between large and small investors often gets attention because it shows they are reacting in different ways.

Retail traders usually become more careful when prices fall. Bigger holders sometimes use those periods to increase their positions instead of selling.

Bitcoin News: Whales Purchase Analysis | Source: CW

It is important to add that that does not mean the price will turn around right away. Markets can stay weak even when whales are buying. Still, many traders keep a close watch on this type of activity because it can show where confidence is building.

BTC price has struggled to regain strength over the past few weeks. Every move higher has been followed by fresh selling, leaving the market without a clear direction.

Even so, Bitcoin news showed that whale buying has continued during the recent weakness. It is worth noting that this has become one of the main talking points as traders try to work out where Bitcoin could move next.

BTC Price Stays Between Two Key Levels

Bitcoin is also trading between two important long-term chart levels. Market analyst Benjamin Cowen said the BTC price is sitting between the Bear Market Resistance Band and the 200-week simple moving average. Both levels have played an important role in past market cycles.

Cowen believes a move below these levels later this year could look worrying at first. Even so, he said such a drop could help form the next market bottom during the fourth quarter of 2026.

Bitcoin Bear Market Outlook | Source: Benjamin Cowen

For now, there is no clear break above resistance or below support. This Bitcoin news update has left many traders waiting instead of making aggressive trades.

Until one side takes control, price swings may continue. The market has remained uncertain, with buyers and sellers both trying to gain the upper hand.

Bitcoin Liquidations Pass $530 Million

The latest fall in BTC price also led to heavy losses in the futures market. CoinGlass data showed Bitcoin dropped below $63,000 during the past 24 hours.

That move caused 119,678 traders to be liquidated, with total liquidations reaching about $530.07 million. As per the Bitcoin news, the biggest single liquidation happened on Aster, where a BTCUSDT position worth $7.06 million was closed.

At the time of writing, the BTC price was trading around $62,291. The price was down 2.96% over the previous 24 hours, while daily trading volume stood at about $31.38 billion.

The next few days could be important for the market. Whale buying is still taking place, but the price remains under pressure. Traders will be watching to see if buyers can hold current levels or if another wave of selling pushes Bitcoin lower before the market finds support.

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