#Weekend Market Analysis  Whale and Miner Data Reveals Bitcoin’s Next Move | Weekly Whale Tracker.

Signals from Bitcoin whales and miners are hinting at a potential rally on the horizon. New data shows that large Bitcoin holders currently hold a balance of 3.57 million BTC.

This is close to the previous peak of 3.74 million BTC set in early 2021.

Bitcoin Whales Are Increasing Their Holdings

When whales steadily increase their reserves, they act as a strong source of demand. Their increased accumulation reduces the available supply and provides price support.

The uptrend in current whale holdings suggests that institutions and high-net-worth investors are viewing dips as buying opportunities and expecting higher prices in the future.

This metric reflects the real balances of large holders, excluding cryptocurrency exchange and mining pool addresses. This gives us a clearer picture of the strategic holdings of large investors. Sustained growth in whale assets usually indicates institutional confidence and strong fundamental demand, which are the main drivers of long-term bull cycles.’

But not all indicators are bullish. The Hash Ribbons metric, which tracks miner stress, recently gave a buy signal.

This usually reflects short-term fluctuations where miners face profitability issues, forcing some to sell Bitcoin to maintain their operations.

Historically, these short-term stresses have often paved the way for sustained uptrends. Miner capitulation can initially trigger price declines.

But eventually, it clears out weak players from the market and tightens supply.

Last week, the Bitcoin price showed significant volatility. Affected by a heated public debate between Elon Musk and Donald Trump, Bitcoin briefly fell below $101,000. This led to liquidations of almost $1 billion.

However, Bitcoin quickly recovered to above $105,000, indicating a resilient buying pressure.

Technical analysts are also optimistic. They emphasize that there is a “cup and handle” formation on Bitcoin’s daily chart and say that the rally could continue if prices break $108,000.

Institutional activity also supports this bullish outlook. Bitcoin futures open interest has increased by more than $2 billion in recent days, but funding rates remain low.

This scenario creates fertile ground for a potential short squeeze.

Will BTC Hold $100,000 Psychological Support?

For now, whale accumulation and miner stress data are defining a clear trading range. Strong support lies between $100,000 and $102,000.

This means that BTC will hold onto the $100,000 psychological level even during short-term corrections.

Meanwhile, resistance awaits in the $108,000–$110,000 region, and a breakout in this region could accelerate prices toward $120,000.

Traders should keep an eye on catalysts such as more miner sell-offs that could quickly affect price action.

Additionally, macroeconomic headlines involving the Fed and global trade dynamics are likely to keep volatility high.