Bitcoin Whale Buys $179M Worth BTC in 48 Hours as Price Holds Above $104K

Whale bought 1,721 BTC worth $179M across multiple transactions within 48 hours. Bitcoin price holds above $104K with strong volume and large trade participation. A major Bitcoin whale has accumulated 1,721 BTC in just 48 hours, totaling approximately $179 million. This activity includes a recent acquisition of 821 BTC worth $85.42 million. The aggressive buying comes at a time when Bitcoin continues to trade above critical support levels. Fresh Accumulation Activity Surfaces According to Lookonchain post on X, market data reveals that the whale wallet executed multiple large purchases over a two-day span. The most recent transaction involved the movement of 821 BTC into a single wallet. This comes shortly after a previous transfer of 900 BTC, valued at around $93.58 million, bringing the total accumulation to 1,721 BTC. These movements were conducted via multiple transactions, with each entry time stamped and linked to a non-custodial address. No corresponding outflows have been detected from the wallet at the time of reporting. As the whale action continues, Coinglass data indicates that more whale movement should be expected. A deeper analysis on this reports that the BTC/USDT perpetual chart from Binance shows sustained whale and large trade activity within a volatile trading range. Several high-volume transactions are visible as large circles, concentrated around the $104,000–$105,000 zone. Multiple whale buy and sell orders appear clustered near resistance levels between $104,700 and $105,300. Horizontal lines represent unfilled or filled whale orders, with thicker lines indicating higher volumes. The presence of multiple large trades during upward price swings confirms strong participation near peak levels. Whale orders remained active over long periods, indicating market stability. Short bursts of activity also coincided with retracements, pointing to liquidity inflows. Accumulation Aligns with Price Stability There was stability in the price of Bitcoin as the whale accumulated assets. Prices have hovered on major technical markers that have supported an upward shift through the leading exchanges. The figures show that this wave of large transactions was accompanied by growth in spot demand particularly from addresses taking part in large volume trading. Tracking the current price trend as of press time, CoinMarketCap data indicates that Bitcoin is trading at $104,392.09 after recording a 0.72% price increase within the past 24 hours. The market cap reached $2.07 trillion, while the 24-hour trading volume rose 5.11% to $46.57 billion. Price movements show intraday lows near $103,910, with multiple upward surges peaking near $104,850. The chart reflects price volatility, with frequent reversals and steady buying activity between $103,900 and $104,500. Volume-to-market cap ratio stands at 2.25%, indicating active turnover. From the price trend, it is notable that Bitcoin maintained upward movement. Source: https://thenewscrypto.com/bitcoin-whale-buys-179m-worth-btc-in-48-hours-as-price-holds-above-104k/