Recent market movements indicate significant buying activity from large investors (commonly referred to as "whales") around the 110,000 USDT level. These are likely participants involved in Dollar-Cost Averaging (DCA) strategies, aiming to close their positions near breakeven—possibly between the 105,000 to 110,000 range.
This activity became especially evident when $BTC
experienced a sharp drop from 110,000 to 102,000 overnight. In response, major market players—including institutional investors, exchanges, and even nation-state actors—intervened to maintain Bitcoin’s position above the critical 100,000 support level, helping to prevent deeper losses.
Sell-side pressure has been most prominent in the 103,000 to 105,000 range, where the highest volume of sell orders is currently concentrated. Despite this resistance, BTC has demonstrated resilience, managing to bounce back from the 102,500 level in recent sessions.
This ongoing battle between strong support from whales and institutional players, and overhead resistance from large sell orders, will be key to watch in the coming