Bitcoin (BTC) whales are accumulating after a weekend sell-off triggered more than $2.5 billion in long liquidations, even as the price remains capped below resistance and sentiment indicators continue to show extreme fear among investors.
What Happened: Weekend Liquidation Recovery
The decline pushed prices to a low near $74,700 before strong buying emerged around the $74,800 support zone. Long downside wicks on the chart signaled aggressive accumulation at lower levels.
Trading volume normalized as the initial panic subsided. RSI rebounded toward the low-50s, while MACD bars compressed to indicate fading selling pressure.
Upside remains limited below the $78,000–$80,000 resistance zone. Until that level breaks, the move reflects recovery from liquidation stress rather than a confirmed trend reversal.
Also Read: Dogecoin Rally Hits Wall At $0.1065 Level
Why It Matters: Whale Confidence Amid Retail Fear
Large holders are accumulating during the dip. The number of whale entities holding 1,000 BTC or more continues to rise, suggesting they view the $74,000–$75,000 range as a buying opportunity.
Retail participants are reducing exposure through both forced liquidations and cautious profit-taking. The Fear and Greed Index fell to 14, placing sentiment deep in extreme fear territory.
That caution increased after Kevin Warsh was nominated to the Federal Reserve, a development markets interpreted as reinforcing a hawkish policy outlook. For a sustained recovery, investors should watch for sentiment to improve, volatility to ease, and Bitcoin to hold key support levels alongside stronger spot demand.