Crypto Whales Keep Buying Bitcoin — Could BTC Be Poised to Hit $116,000?

Jakarta, Pintu News – Although Bitcoin (BTC) is going through a consolidation phase, whales are showing an optimistic attitude based on a number of positive on-chain signals and analysis from experts.

Whale Starts Optimistic, Bitcoin Positive On-Chain Signals Emerge

The latest on-chain data reveals that an anonymous crypto wallet has accumulated 3,195 BTC from the Kraken crypto exchange, as well as from one other unknown address suspected to be an over-the-counter (OTC) dealer.

Read also: Bitcoin Price Climbs to $114,000 Today as Signs of Consolidation Emerge

According to a report from Lookonchain, the total accumulated Bitcoin reached approximately $356.6 million on Sunday morning, October 26.

Some community members who responded to Lookonchain’s post on platform X made positive comments, such as “Whale knows something.”

In addition, another whale on Hyperliquid – a decentralized exchange for trading perpetual futures – placed a $16.6 million long position with 40x leverage on Bitcoin. The same anonymous address also opened a 10x long position worth $12.5 million on Hyperliquid’s native token, HYPE.

These aggressive moves by the whales indicate potential confidence in BTC’s price movement higher in the near future.

Will Bitcoin Break $115,000?

Bitcoin has recorded consecutive gains over the past six October months. However, this time the situation is slightly different: BTC is actually down 2.1% since the beginning of the month, starting from a price range of $114,000.

Read also: Can Solana (SOL) Price Break $200 Again? Check out the Analysis!

However, recent big bets from whales have started to trigger a wave of positive sentiment in the crypto community. On the X platform, many optimistic posts began to appear. Even popular influencer “Lucky” commented, “The hype is real.”

According to crypto analyst KillaXBT, Bitcoin’s current consolidation phase below $114,000 is similar to the bull market pattern of 2021. However, he warns that if Bitcoin fails to break the $116,000 level in the near future, a price correction could return, based on historical patterns.

In response to claims that institutional interest has entered the industry through ETFs, KillaXBT considers that such interest actually comes more from retail investors, not large institutions or whales.

“All the ETF really does is make it easier for boomers to buy Bitcoin through their usual channels, with BlackRock simply acting as custodian,” he writes.

If the big whales manage to trigger a fear of missing out (FOMO) among retail investors, and supported by favorable macroeconomic conditions, then not just Bitcoin, but the crypto market as a whole is likely to continue accumulating.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Whales Keep Buying and Betting on Bitcoin, $116K Next? Accessed on October 27, 2025