Bitcoin Price Pressure Continues Despite Whale Purchases

Bitcoin's price has been struggling to break through the $66,000 mark despite significant purchases from large investors, known as 'whales'. According to recent reports, fintech conglomerate Block Inc. acquired an additional 340 BTC in Q4 2025, bringing its total holdings to 8,883 BTC and solidifying its position as the 14th largest publicly traded holder of Bitcoin globally.

The leading publicly traded holder of BTC, Strategy, has also made significant purchases, acquiring 592 BTC in recent days, which brings its stash to a total of 717,722 BTC. Institutionally, BlackRock led the recent $1.1 billion inflows to US spot Bitcoin ETFs, breaking a five-week outflow streak of $3.8 billion.

Despite these significant purchases, Bitcoin's price remains below its 200-week exponential moving average (EMA) of $68,300, which could trigger additional bearish acceleration. Analysts point to mid-term volatility caused by US import taxes and geopolitical tensions as a major contributor to the downward pressure on crypto assets.

Historical data suggests that Bitcoin often bottoms out around 23 months after its all-time high, with its last ATH being $73K in March 2024. Kalshi prediction markets show an 85% chance that Bitcoin drops below $65,000, echoing current extreme fear market sentiment.