Bitcoin Near $70K as Whales Accumulate Despite Market Fatigue!
Hello crupto champs!
Bitcoin is stuck in neutral. After rebounding from last week’s $59K dip, BTC has spent the past three days hovering around the $70K mark, showing little appetite for a decisive breakout or breakdown. Volatility has cooled, but analysts remain cautious, flagging the $62K–$64K zone as critical support. A loss of that range could open the door to a deeper correction, while current price action points to consolidation rather than panic.
The broader market mirrors this indecision. Ethereum trades just above $2,000, Solana hovers near $85, and XRP sits around $1.44. Majors are flat, altcoins are modestly red, and sentiment remains fragile, with the Fear & Greed Index still deep in extreme fear territory. This looks less like capitulation and more like post-liquidation exhaustion.
While price action is dull, large treasury players are anything but inactive. Strategy added another 1,142 BTC last week at an average price near $78,800, increasing its total holdings to over 714,000 BTC—more than 3.4% of Bitcoin’s total supply. Despite carrying sizable unrealized losses at current prices, the firm continues to signal long-term conviction.
Ethereum has also seen aggressive accumulation. Bitmine purchased an additional 40,613 ETH, pushing its holdings above 4.32 million ETH, or roughly 3.6% of circulating supply. The company is now over 70% of the way toward its stated 5% ownership target, with a majority of its ETH staked and generating yield.
Meanwhile, Binance quietly reinforced confidence by adding $300 million worth of BTC to its SAFU fund, underscoring a long-term bet on Bitcoin even as short-term uncertainty persists.
Quiet charts, busy balance sheets!$BTC
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