Whales’ Continued Bitcoin Accumulation May Signal Long‑Term Confidence Ahead of Powell’s Jackson Hole Speech

• Whales accumulate during dip, signaling long-term confidence in Bitcoin price.

• Technical indicators are cautious: RSI below neutral and MACD under signal line, keeping BTC range-bound.

• Liquidity shows resistance near $115K and support around $111K–$110K; a $23M whale purchase highlights buy-the-dip activity.

Bitcoin price dips to $113K amid Fed minutes; whales accumulate, watch Jackson Hole for next catalyst — read market cues now.

What is driving the current Bitcoin price pullback?

Bitcoin price fell from an intraday high of $124,500 to around $113,000 after the Fed’s July FOMC minutes signaled a more cautious outlook, prompting profit-taking. Short-term selling pressure and liquidity clusters near $115K and $111K have left BTC trading range-bound while large investors continue accumulation.

How are whales influencing Bitcoin price and market structure?

Large holders remain active. On-chain data shows a confirmed whale buy of 200 BTC (~$23 million), indicating accumulation on weakness. Such moves often tighten supply on exchanges and can support price floors. Observers including blockchain analytics platforms (Santiment) note these accumulation patterns as a sign that big investors expect longer-term appreciation.

Source: Santiment/X

Is Bitcoin season ending?

Measured sentiment remains neutral. CoinMarketCap’s Crypto Fear & Greed Index sits at 50, a midpoint that indicates neither extended greed nor panic. The Altcoin Season Index at 43 shows Bitcoin still dominant in market leadership, with altcoins not yet clearly outpacing BTC.

Industry voices underscore long-term conviction. Brian Armstrong (Coinbase) has expressed optimism about structural tailwinds such as regulatory clarity and ETF interest. Such commentary, alongside ongoing accumulation, supports a constructive long-term narrative for Bitcoin despite short-term volatility.

What are the technical indicators hinting at?

Technical analysis currently leans bearish. Bitcoin’s Relative Strength Index (RSI) is below neutral, and the MACD is under its signal line, producing red histograms. These indicators point to limited short-term upside and elevated risk of deeper pullbacks if key supports fail.

Liquidity heatmaps show meaningful resistance near $115K and concentrated sell orders around $111K–$112K. As a result, BTC is confined to a near-term range: a decisive break above $115K would favor momentum buyers; a break below $111K could expose $110K and lower supports.

Beneath the price action, on-chain accumulation and anecdotal quotes from industry figures show a divide: traders are focused on short-term signals, while whales and industry leaders speak to longer-term adoption dynamics.

David Bailey commented on sentiment swings: “Sentiment flickers like a flame. One moment euphoria, moments later panic. Many bitcoin have exchanged hands through such emotions.” Adam Back added, “Dips exist to transfer Bitcoin from weak hands to stronger hands.”

Frequently Asked Questions

Will a Fed speech move the Bitcoin price immediately?

Yes. Powell’s remarks at Jackson Hole can create rapid volatility for risk assets. Expect immediate market reactions on shifts in policy tone; traders should watch liquidity zones at $115K and $111K for swift price responses.

How can traders manage risk during this range-bound period?

Use defined stop levels near $110K, scale position sizes, and monitor RSI and MACD for trend confirmation. Consider incremental buys on confirmed accumulation and exits on decisive breaks below support.

Key Takeaways

• Whale accumulation: Large purchases, including a 200 BTC buy (~$23M), indicate institutional buying on dips.
• Range-bound risk: Bitcoin trades between $111K–$115K with technicals leaning bearish in the short term.
• Macro catalyst: Powell’s Jackson Hole speech is the near-term event likely to drive volatility and direction.

Conclusion

Bitcoin price remains in a delicate balance: technical indicators show caution while whales continue accumulation, suggesting institutional faith in the long-term trend. Traders should monitor liquidity clusters and the Jackson Hole speech for direction. COINOTAG will continue tracking on-chain flows and market catalysts.