Whales Accumulate 66,700 BTC as Bitcoin Stalls at $64K

Bitcoin's price has been holding above $64K as whales continue to accumulate, according to CryptoQuant. Despite mid-tier holders selling, large investors are quietly buying up approximately 66,700 BTC.

The asset briefly reclaimed the $65,000 psychological level but quickly retreated back into its recent trading range. Bitcoin remains trapped between its 20-day and 50-day Exponential Moving Averages (EMAs), indicating market indecision.

Spot Average Order Size data shows larger buy orders have increased at current price levels, suggesting institutional investors are accumulating during periods of uncertainty. This trend may indicate growing confidence among long-term investors despite Bitcoin's recent volatility.

A liquidation cluster worth approximately $59 million sits around the $65,400 price level, creating a potential liquidity magnet for buyers. If Bitcoin manages to reclaim $65,000 with convincing volume, this zone could provide additional fuel for an extended rally.