#加密市场小幅下跌 Bitcoin Holdings Reach Five-Month High: Will Bitcoin Break Through $80k Next?

Whale and institutional Bitcoin accumulation is reducing Bitcoin supply, potentially paving the way for a rebound beyond $80k.
Whales holding 1,000-10,000 BTC have increased their BTC exposure over the past five months, with total holdings reaching 3.09 million, a level last seen on November 11, 2025.
Short-term data suggests Bitcoin traders may be shifting towards existing liquidity, targeting $73,700, but futures market activity and long-term market structure imply higher levels beyond $80k could be possible.
Bitcoin Whales and Institutions Rebuild Bitcoin Exposure
Since December last year, Bitcoin wallets holding 1,000 to 10,000 BTC have steadily accumulated, adding approximately 240,000 BTC.
This brings the total holdings of this group to about 3.09 million BTC, rebounding to pre-correction levels from November 2025, when Bitcoin experienced an 18% pullback from $103,500 to $85,000.

Long-term holders (LTHs) continue to absorb supply at a steady pace.
LTHs' balances have reached 14.57 million BTC, consistent with previous accumulation peaks. In the past 30 days, issuance activity was 42,100 BTC, one of the lowest readings since 2026.

Bitwise's "Crypto Market Guide" report also highlights similar institutional flow trends. Over the past month, institutional investors added about 92,900 BTC.
On-chain realized capital flows show a net sell of only 14,900 BTC during the same period. The report indicates that demand from large players has exceeded selling pressure, tightening the available Bitcoin supply.

BTC Double Top Pattern Signals Short-Term Liquidity Near $74k
After two rejections in the past week, a double top near $79,400 may form. The second pullback occurred on Sunday evening, with decreasing buying volume, indicating weakening short-term momentum.
The current price is $77,731, with liquidity likely to flow around $74,700 and $73,700.

The $74,700 level aligns with previous consolidation zones and is slightly above the 100-period exponential moving average (EMA). Further突破 of $73,700 will test key high-timeframe support and previous high-low ranges.
Holding this zone can maintain the overall trend and leave room for bulls to continue.
Derivatives market activity is exerting short-term pressure on Bitcoin's price. Crypto analyst Darkfost pointed out that over $1.2 billion in sell volume appeared within an hour, causing a sharp decline during Sunday’s session.
Funding rates have also remained deeply negative, dropping to -7% over 30 days, one of the lowest readings ever.

However, this position could lead to a short squeeze, as crowded short positions are unwound, pushing prices higher. If Bitcoin breaks above $80k, the double top signal will invalidate, and short-term momentum could shift back to bullish.
According to Michaël van de Poppe, founder of MN Capital, the price remains at a key level, with May’s upside target still at $85,000 to $88,000.
Liquidity zones are between $74,700 and $73,700, now a reset zone, where BTC demand can be tested, preparing for another breakthrough above $80,000.