{"id":67858,"date":"2026-02-09T15:52:27","date_gmt":"2026-02-09T15:52:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/whales-buy-2-8b-in-bitcoin-near-60k-dip-but-72k-resistance-holds-strong\/"},"modified":"2026-02-09T15:52:27","modified_gmt":"2026-02-09T15:52:27","slug":"whales-buy-2-8b-in-bitcoin-near-60k-dip-but-72k-resistance-holds-strong","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/whales-buy-2-8b-in-bitcoin-near-60k-dip-but-72k-resistance-holds-strong\/","title":{"rendered":"Whales buy $2.8B in Bitcoin near $60K dip, but $72K resistance holds strong"},"content":{"rendered":"<p><b>(Originally posted on : Invezz )<\/b><br \/>\n<\/p>\n<div>\n<p>The so-called whales were busy during Bitcoin\u2019s crash to a 15-month low of $60,000 as the large investors stepped in to buy the dip. <\/p>\n<p>The recovery lifted the cryptocurrency by roughly 17% in a matter of days, and the top cryptocurrency was trading at $69,165 during the time of writing. <\/p>\n<p>Data shows the rally followed a rapid transfer of coins from short-term sellers to larger holders, helping stabilise sentiment after a bout of panic across digital-asset markets.<\/p>\n<h2 id=\"whale-accumulation-fuels-recovery\" class=\"wp-block-heading\">Whale accumulation fuels recovery<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n                <span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n            <\/a><\/p>\n<p>On-chain analytics firm Glassnode reported that addresses holding between 1,000 and 100,000 Bitcoin accumulated about 40,000 BTC during the recent decline.<\/p>\n<p>Mid-tier holders controlling 1,000 to 10,000 BTC added roughly 22,000 coins, while larger wallets with 10,000 to 100,000 BTC accumulated about 18,000 over the same period. <\/p>\n<p>The purchases coincided with Bitcoin\u2019s rebound from below $60,000 to near $70,000.<\/p>\n<p>Additional support came from Binance\u2019s Secure Asset Fund for Users (SAFU), which converted another $300 million into 4,225 BTC. <\/p>\n<p>The fund now holds 10,455 BTC worth roughly $731 million and still has more reserves to shift into Bitcoin.<\/p>\n<p>Institutional participation also remained firm. <\/p>\n<p>US spot Bitcoin exchange-traded funds recorded inflows of $331 million on Friday, signalling continued demand from professional investors despite recent volatility.<\/p>\n<p>The scale of buying suggested deliberate positioning by larger market participants, with many taking advantage of lower prices to increase exposure.<\/p>\n<h2 id=\"resistance-emerges-near-72000\" class=\"wp-block-heading\">Resistance emerges near $72,000<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n                <span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n            <\/a><\/p>\n<p>Despite the strong rebound, Bitcoin struggled to break decisively above $72,000. <\/p>\n<p>Technical charts show the price facing resistance at that level, forming an ascending-triangle structure that could determine the next move.<\/p>\n<p>Analysts warned that failure to push higher may leave the market vulnerable to another pullback. <\/p>\n<p>The next major support zone lies between $66,000 and $68,000, where the 200-week exponential moving average sits.<\/p>\n<p>TexasWest Capital founder Christopher Inks said that \u201cthe path of least resistance for Bitcoin at the moment is up or sideways, not new lows.\u201d<\/p>\n<p>\u201cWe didn\u2019t get the Bitcoin weekly close back in the range at $75K or higher,\u201d Inks said in a Monday post on X, adding:<br \/>\u201cWe want to see the low holding for the next 2-3 weeks with declining volumes on the pullbacks.\u201d<\/p>\n<p>Other analysts noted that the market may still retest lower levels before a sustained advance, while some estimates place a possible longer-term bottom closer to $50,000 in a scenario similar to the 2022 downturn.<\/p>\n<h2 id=\"institutional-flows-support-sentiment-for-now\" class=\"wp-block-heading\">Institutional flows support sentiment for now <\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n                <span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n            <\/a><\/p>\n<p>The rebound followed heavy selling pressure that had driven search interest and retail activity to yearly lows. <\/p>\n<p>While smaller traders exited positions, larger entities accumulated coins, effectively tightening available supply.<\/p>\n<p>Earlier in the year, a similar whale-driven accumulation preceded a rally toward $96,000 before prices fell again. <\/p>\n<p>The current situation may echo that pattern, with buyers stabilising the market but not yet establishing a clear uptrend.<\/p>\n<p>For now, Bitcoin appears to be consolidating near $70,000, with direction dependent on whether buyers can clear resistance or if the market revisits lower support levels.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/invezz.com\/news\/2026\/02\/09\/whales-buy-2-8b-in-bitcoin-near-60k-dip-but-72k-resistance-holds-strong\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Invezz ) The so-called whales were busy during Bitcoin\u2019s crash to a 15-month low of $60,000 as the large investors stepped in to buy the dip. The recovery lifted the cryptocurrency by roughly 17% in a matter of days, and the top cryptocurrency was trading at $69,165 during the time of [&hellip;]<\/p>\n","protected":false},"author":3947362390,"featured_media":67859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67858"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362390"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=67858"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/67859"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=67858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=67858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=67858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}