Bitcoin Price Stagnates at $85,000: Crypto Whale Purchases $4.6 Billion in BTC in Just One Week!

Jakarta, Pintu News – Large Bitcoin holders accumulated BTC at the fastest pace in more than a decade last week, despite a sharp drop in prices, which raises the question of whether a recovery is forming or whether “whales” are positioning themselves ahead of further volatility.

Then, how will the Bitcoin price move today?

Bitcoin Price Drops 0.95% in 24 Hours

On December 19, 2025, Bitcoin’s price was recorded at $85,469, which is equivalent to IDR 1,433,889,354, reflecting a 0.95% correction in the past 24 hours. During this period, BTC reached a low of IDR 1,415,678,701 and a high of IDR 1,496,872,412.

At the time of writing, Bitcoin’s market capitalization stands at approximately IDR 28.423 trillion, with 24-hour trading volume increasing by 19% to IDR 986.55 trillion.

Read also: Bitcoin adoption skyrockets, Bhutan allocates $1 Billion BTC to develop economic city!

Bitcoin Whale Accumulates at Record Speed

The largest Bitcoin holders resumed buying, according to on-chain data, despite the recent price drop. Data from Glassnode shows that Bitcoin whales accumulated around 54,000 BTC in the past week, recording the fastest weekly accumulation rate since 2012.

This buying activity comes as Bitcoin continues to decline, with the asset’s price trading around $86,000 at the time of this report.

Historically, sustained accumulation by whales during periods of price weakness often precedes a long-term recovery; however, short-term volatility often remains during such phases.

Bitcoin whales have been on the decline for several months

This latest data follows an earlier report from blockchain analytics firm Santiment, which noted a modest increase in participation among mid-cap holders.

Since November 11, the number of wallets holding at least 100 BTC increased by 0.47%, adding 91 new wallets in the category.

Santiment observed that while smaller retail wallets-especially those holding 0.1 BTC or less-continue to experience a decline, larger entities are starting to re-enter the market.

“Retail capitulation will generally be positive for crypto prices in the long run,” Santiment said in a post on X last month.

Read also: XRP Bullish Pattern Allows Price Surge to $3 as ETF Breaks $1 Billion!

This latest increase comes after several months of contraction among the largest Bitcoin holders. Wallets controlling more than 1,000 BTC continue to dwindle, a trend that accelerated as Bitcoin fell below the $90,000 level.

More Bullish Predictions

Despite the recent price drop, bullish predictions continue to emerge from industry leaders. Speaking at Binance Blockchain Week, Fundstrat’s Tom Lee reiterated his statement that Bitcoin “looks ready for a big move.”

“I think Bitcoin will reach $250,000 in the next few months,” he said, referring to Bitcoin and Ethereum as “the two most important crypto platforms right now.”

This view is in line with the predictions of other great figures.

In April, Cardano founder Charles Hoskinson told CNBC that Bitcoin could reach $250,000 by 2026. Meanwhile, Michael Saylor, who is known for his bullish views, has consistently stated that Bitcoin could reach $10 million in the not-too-distant future.

Technical Signals Point to Further Price Decline

In response to the latest bullish comments from Michael Saylor and Tom Lee, CCN analyst Valdrin Tahiri cautioned that Bitcoin’s technical structure still points to potential downside in the near future.

“Bitcoin technical analysis is bearish,” Tahiri said, emphasizing that price movements have deteriorated despite the growing positive sentiment among leading market bulls.

According to Tahiri, Bitcoin has now entered the last phase of its corrective structure.

“BTC price has started the fifth and final wave in its downward movement after breaking out of the ascending parallel channel,” he explained.

If this wave count goes as expected, Tahiri expects further declines before a more durable recovery takes place.

“If the calculations are accurate, Bitcoin price will drop to the $70,000-$72,000 range to complete its correction,” he said.

However, Tahiri noted that such a move would likely mark the end of a broader decline, rather than the beginning of a deeper bear market.

“After that, significant reflections can occur,” he adds.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Bitcoin Whales Buy $4.6B in a Week Despite Price Drop, Rally Ahead. Accessed on December 19, 2025