60,000 BTC purchased by whales in 7 days: Bitcoin pump or dump?

Bitcoin jumps more than 10% to $ 126k, because whales buy 60k BTC in a week. New portfolios lead, but signs of sale increased problems with the correction.

Bitcoin has added more than 10% to its value last week and reached a new high point of $ 126,080. According to analyst Ali Martinez, this movement comes while Walvisportfeuilles have acquired more than 60,000 BTC in just seven days.

From the moment of the press, Bitcoin traded at $ 124,500, with a 24-hour trade volume of more than $ 64 billion. The question is whether this trend can continue or whether a short -term shift is likely.

Whale activity behind the price increase

According to data obtained from wallet addresses from 100 to 1000 BTC, more than 60,000 coins were added in the past week, which brought holdings to 5.11 million BTC. This change came after a period of accumulation that broke down in August, but reached sharp at the beginning of October.

More than 60,000 Bitcoin $ BTC Bought by whales in one week! pic.twitter.com/mjdciwo47U

– Ali (@ali_charts) October 6, 2025

During this time, Bitcoin rose from $ 110,000 to more than $ 124,000, which showed a clear connection between considerable wallet accumulation and upward price movement. Confirming graph data that both statistics have recently gone together, which suggests that renewed interest of large holders may have supported the rally.

In addition, CW noted That the realized capitalization of “new whales” has risen in recent weeks. A cohorts for following the charts shows that new capital of recently active large holders quickly increased in 2025, while older whales have usually remained inactive. This shift suggests that newer market participants play a key role in the current price movement.

Signs of distribution

Although new purchasing remains present, some older holders seem to reduce their exposure. A recent graph that follows the 30-day change in whalealdi shows a large outflow during the price increase to the range of $ 110k $ 120k. This is the biggest decrease in whale competitions since January, followed by a correction of up to $ 75,000.

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Killa commentary That “Smart Money leaves, stupid money comes in”, pointing out that experienced holders can take a profit while others arrive too late. The current price strength can be supported by smaller buyers or to power-driven transactions instead of continuous large-scale accumulation.

Despite the continuous price winsts, this behavior asked questions about whether the move can maintain or whether a withdrawal is below the surface.

Pricing structure in the vicinity of resistance

Bitcoin acts in a rising wig formation on the 4 -hour period. The price pushes against resistance near $ 126,000. The RSI shows Beerarish divergence, with price that makes higher highlights, while the indicator makes lower highlights. This pattern indicates a decreasing momentum.

Open interest continues to increase, which confirms a higher activity on the futures markets. Financing percentages remain positive, but are not exaggerated at the moment. The volume remains stable without a sharp increase. Liquidations are low, but the tight range is an indication that a large outbreak is quite close.

Byzengeneral said:

Hmmm …

It has to pump now or we get a small correction, I think.$ BTC pic.twitter.com/n6h9lo5ie6

– Byzantine General (@ByzGeneral) October 7, 2025

Watch -levels: $ 128k or pullback?

Bitcoin has moved above $ 126,000. Ted said The next resistance is almost $ 128,000. If buying continues, the price can push to that level. Nevertheless, the liquidity on the sales side is growing below, which could activate a step down for a further upper part.

Rect capital noted That Bitcoin may have put an end to his second correction in the current price cycle and could now start a new phase of trend forecast. With mixed signals about whale behavior, momentum and order book data, the upcoming sessions can offer more clarity.