Bitcoin (CRYPTO: BTC) has surged 25% over the past seven days, but whale profit-taking and key resistance could determine whether the rally marks a bullish reversal or another bear-market bounce.
Bitcoin Hit $80,000 With Little Whale Participation: Is That Bullish or Bearish?
Bitcoin (CRYPTO: BTC) has surged 25% over the past seven days, but whale profit-taking and key resistance could determine whether the rally marks a bullish reversal or another bear-market bounce.
Benzinga
Publisher
Aug 25, 2026 at 5:20 PM UTC · 2 min de leitura

Entities
bitcoin
Market Impact
BTC+0.31%$78,989
Last Updated
há 3 minutos
Can Spot Demand Sustain BTC Rally?
In an interview with David Lin on Tuesday, top technical analyst Benjamin Cowen said Bitcoin’s recent breakout began shortly after Treasury Secretary Scott Bessent announced plans to double Treasury bond buybacks from $2 billion to $4 billion per operation.
A major short squeeze helped power Bitcoin’s initial breakout, alongside some spot demand.
But his whale activity indicator shows surprisingly little participation from large holders during the latest advance.
While BTC whale activity increased substantially around Bitcoin’s 2018 and 2022 lows, the current reading remains close to its lows despite the rapid rally.
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Cowen sees Bitcoin’s 50-week moving average around $80,000 to $81,000 as the key test for the rally.
Multiple weekly closes above it could weaken the bearish case, while rejection could leave Bitcoin vulnerable to a drop toward its realized price in the low $50,000s.
New Whales Book Record $1.2 Billion Profit
Market Context
Bitcoin
BTC
$78,928
+0.23% (24H)
Market Cap
$1.59T
Circulating Supply
20.1M BTC
24H Volume
$43.8B
24H High
$81,200
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