The post Bitcoin Drops To $103K, Sees Increased Whales’ Buying Activity Amid Broader Market Correction appeared on BitcoinEthereumNews.com.

Bitcoin (BTC)’s ongoing price consolidation hasn’t, deterred users popularly known as “whales.” New data reported by Satoshi Club today shows that large investors have resumed accumulating BTC. These investors are normally associated with institutions, funds, or high-net-worth individuals with a long-term outlook. Bitcoin whales are back in accumulation mode. Wallets holding between 1,000 and 10,000 $BTC have grown sharply since May 6, aligning with a 16% price increase.@cryptoquant_com says this is a sign of “growing investor confidence” – historically tied to future price gains. pic.twitter.com/7I6CT4c2aW — Satoshi Club (@esatoshiclub) May 31, 2025 Whale wallets are stacking According to the data, Bitcoin is in the limelight as large-scale buyers are back in the market. Whales on exchanges are buying the asset as prices retract downward, seven days after BTC reached a new ATH on May 22. As stated by the data, addresses holding 1,000 and 10,000 BTC have increased dramatically since May 6, 2025, coinciding with a 16% price surge gained over the past month. This is an indicator of rising investor enthusiasm, typically connected with future price increases as pointed out by market analyst CryptoQuant. When big investors actively purchase Bitcoin, this signals a looming price upward trend. Their strategic acquisitions decrease the circulating supply of the tokens, which could trigger upside pressure on prices if investors continue showing strong demand. This behavior signifies that institutional investors are not discouraged by short-term volatilities, but embrace a long-term outlook and position themselves for future price momentum. Correction health for the market Bitcoin price correction could deepen, according to digital asset market analyst Nick Forster. Today, the token’s value currently stands at $103,716, down 1.6% over yesterday and 3.8% in the past week. The current price of Bitcoin is $103,716. Nick believes that Bitcoin may embrace a period of consolidation following the…

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Filed under: News - @ May 31, 2025 8:24 pm