The whales are massively buying.

[Nuel0717]

Report from Bloomberg says that lots of whales are buying than selling and over $2.9billion worth of Bitcoins has been added into the market in the past days, it could be the why the market is pumping so high and have even reached $70k. The current pump is attracting more people into the market even traders are going long.

Could this be a signal that Bitcoin is about going higher or just another short term pump to attract more retails into the market then we'll see it go back below $65k again?

I know investors need not to worry whether price drops or not so that question is mostly directed to traders, let me hear your opinion.

https://www.bloomberg.com/news/articles/2026-08-18/bitcoin-whales-end-selling-spree-adding-2-9-billion-in-60-days

[logfiles]

I don't think we shall go so much high. In the past few days Bitcoin have become so last volatile and there was a noticeable momentum squeeze. What was most likely to happen was a breakout which did happen. The challenge was figuring out whether it was breaking out downwards or upwards.

So maybe a movement in the 70,000's zone, and then we will see another boring sideways movement for days or weeks and then back to the 60,000's

[BitMaxz]

I think the massive price pump is due to news recently about the U.S. Treasury it's a buyback program improving market liquidity. The operation will start Sept. 9, which leads to attracting investors.

Source: Analysis: Bitcoin surged to an 11-week high, possibly due to the U.S. Treasury increasing Treasury buybacks

The pump is not done yet and might repeat again in the London session or NY session until next month.

For technical analysis the price was rejected at $70k, which is where the 50% Fibonacci retracement is placed; we might get another pump this coming next week to the $73k level, but I have two scenarios about this: it could be a bull trap, or if the price breaks $73k, there's a chance that it would continue to pump, but if not, and if it's a bull trap, also expect a massive price dump.

Remember how the 1st and 2nd quarter? It might be similar to what is going on in 3rd quarter.

[yhiaali3]

I would like to point out first that the market is volatile and unpredictable, and therefore it is best to stay away from betting on market movement, as we witnessed yesterday the liquidation of about $1.2 billion in futures contracts within hours by those who were betting on Bitcoin continuing to fall.

Regarding the price, I expect the movement to be sideways for some time between $69-71K, then we will witness profit-taking and a price correction to return to the $65K levels, but I repeat that the market is unpredictable and the opposite can happen at any moment.

[Dave1]

I don't think we shall go so much high. In the past few days Bitcoin have become so last volatile and there was a noticeable momentum squeeze. What was most likely to happen was a breakout which did happen. The challenge was figuring out whether it was breaking out downwards or upwards.

So maybe a movement in the 70,000's zone, and then we will see another boring sideways movement for days or weeks and then back to the 60,000's

But does anyone not surprised to see Bitcoin climbing back to $70k's zone? For me that is a quick jump from $65k as we have been pumping in the last couple days. And it doesn't matter now if we are in a weekend or not, but before when it's weekend, buyers are in a rest and there's not much of a movement.

However, not in this cycle, so yes, the whales are buying and we might not know the reasons. Perhaps we have seen the capitulation already as there was a lot of post about it specially X and it followed how this buying not just the whales but perhaps average joe investor as well.

[logfiles]

But does anyone not surprised to see Bitcoin climbing back to $70k's zone?

Not me

I am from a time when Bitcoin would jump by 20 to 30% in a day and it was normal 

For me that is a quick jump from $65k as we have been pumping in the last couple days. And it doesn't matter now if we are in a weekend or not, but before when it's weekend, buyers are in a rest and there's not much of a movement.

Trust me, it's going to slow down doing the weekend. Once Friday is done, you will come here and remind me whether I am right ot wrong.

However, not in this cycle, so yes, the whales are buying and we might not know the reasons. Perhaps we have seen the capitulation already as there was a lot of post about it specially X and it followed how this buying not just the whales but perhaps average joe investor as well.

Nothing special about this cycle mate. Just normal market movements... We just need a few days or a couple of weeks for you to realize this,

[DiMarxist]

This is because these whales understand how the market works. They know that this is the best and perfect time to buy and accumulate massively, so then are catching in on the Dip. One thing that most people don't know is that these whales are not bothered about what happens in the market, like what most people do when ever there is a change in the price of the market.


Another way we should consider is that these whales to a large extent , manipulates the market in their favor so that they can buy in large quantities when eventually the market favor. This should be a very big lesson because if these big whales can still be accumulate despite the uncertainties that sorrounds the bitcoin price, then there is something that they are seeing that most of us ate not seeing.