#BitcoinBouncesBack

Crypto Whale Bitcoin Invests $700 Million in a Setup That Triggers a 24% Rally

Bitcoin
BTCUSD
rises again near $65,800 after on-chain bottom signals appeared for the second time in 2026, with the same pattern as before the early-year 24% rally. Major holders also increased their positions when these signals appeared, indicating they believe the lows have already been reached.

This movement combines rare metrics and clear whale buying activity. Both point in the same direction, but weakening volume suggests the situation is not fully in favor of one side.

Has a New Bitcoin Bottom Signal Just Appeared?

The initial point is a Glassnode metric called Seller Exhaustion Constant. This metric multiplies the percentage of Bitcoin supply that is in profit by 30-day price volatility to mark low-risk bottoms, and was first developed by ARK Invest.

Its history gives this metric weight. It peaked at 0.082 on February 12, when BTC was trading near $66,248. The price then rose to around $82,186 on May 10, or about a 24% increase.

That signal marked the start of a price surge at that time.

Now, that signal has reappeared. On June 11, the metric touched 0.053, the second-highest reading in the past six months.

The re-emergence of this signal makes this setup significant, and the next layer shows who is moving when the signal is present.

Whale Entered Just as the Signal Appeared

Major holders acted immediately on this signal. One of the largest Bitcoin whale groups, holding between 100,000 and 1 million BTC, increased their holdings from about 693,600 BTC to 694,390 BTC on June 11, right when the signal appeared.

Smaller whales also joined in. The group holding between 1,000 and 10,000 BTC increased their positions from around 4.24 million to 4.25 million BTC starting June 13. These two groups together added about 11,000 BTC, worth roughly $700 million at current prices.

The key point is timing. Whales accumulated just as the historically preceding signal for a rally appeared, aligning the metric and the largest holders. The price chart will show whether this structure is confirmed.

Bitcoin Price Levels to Watch as the Rally Faces Resistance

BTC bounced from a low of $59,100 and broke through $64,694 on June 11, which triggered the signal. Currently, the price is around $65,800 and testing resistance above that level.

The bullish scenario gains strength with this setup. If it successfully breaks the 20-day exponential moving average at $66,610, which smooths recent price action, the next target is $68,155, the 0.382 Fibonacci level measuring the correction from the previous swing.

If it breaks through, the next target is $70,953. If US-Iran agreements continue to support risk-on sentiment and retail investors join in alongside whales, then movement toward $73,750 followed by the 200-day EMA at $78,668 could follow, with an extended target at $82,805, similar to previous rally patterns. This implies an upside potential of about 8% or more if momentum strengthens. However, currently, retail buying volume remains low, possibly because they are waiting for additional confirmation.

On the bearish side, participation is key. Buying volume has weakened since June 11 despite the price rising, indicating whales are increasing holdings but retail investors have not yet joined in.

Without additional demand, BTC could be held at $66,610 and fall back toward the recently reclaimed $64,694 level. A daily close above $66,610 would confirm strength, while rejection at that level would limit the rally.