Bitcoin (BTC) Whale Calm: BTC Trades in $92K-$117K Range as Long-Term Funds Accumulate

COINOTAG News, November 16, on-chain analyst Murphy notes that amid softer market sentiment, the super whale cohort remains calm. On-chain data show wallets holding 1,000–10,000 BTC realizing about $80 million losses (7D-SMA), far below the August 2024 and March 2025 pullbacks.

The larger whale group (10,000–100,000 BTC) has realized about $40 million losses (7D-SMA), still well below prior pullbacks. The chip structure indicates risk appetite remains measured, with the Bitcoin price confined to a broad chip stack zone of about $92,000–$117,000 and a near-$112,000 cluster down by 11,000 BTC WoW, implying longer-horizon buyers dominate.

The bulk of activity now stems from long-term funds, while the most pronounced chip pressure sits near $100,000, where holdings have fallen by about 102,000 BTC, leaving roughly 363,000 BTC in that tier. The current price around $96,000 reflects this shift toward the mid-$100k zone.

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