The Bitcoin market has been experiencing bearish pressure in recent days, but large-scale investors are not letting that deter them. According to CW, a cryptocurrency analyst, the Cumulative Volume Delta (CVD) indicator shows that big whales have been accumulating Bitcoin nonstop, taking advantage of the faltering market.
This behavior is reflected in the data, which shows that despite the price drop below $63,000, net buying by large-scale wallets increased. In fact, most of the selling volume during this decline came from retail investors.
Benjamin Cowen, a specialist, notes that the Bitcoin price currently sits between the Bear Market Resistance Band and the 200-week simple moving average. He suggests that if the price breaks below these levels in the coming months, it could initially be seen as a sign of structural weakness.
However, Cowen's projections also suggest that such a pullback could lay the foundation for the formation of the market's next definitive bottom during the fourth quarter of 2026. In the meantime, the derivatives market has been experiencing significant losses, with $530.07 million in forced liquidations over the past day.