Bitcoin Whales Accumulate Over 16,000 BTC in 7 Days — CryptoQuant Analyst Says Whales Are Buying the Dip

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

On August 21, COINOTAG News cited CryptoQuant analyst Cauê Oliveira reporting that the Bitcoin whale wallet accumulated more than 16,000 BTC over the prior seven days, a pattern Oliveira described as whales buying the dip during recent price declines.

Such on-chain accumulation by large holders is a notable data point for market participants assessing exchange-available supply and short-term liquidity. Investors and traders typically combine these metrics with macro indicators and order-flow analysis to form risk-mitigated positions rather than relying on a single signal.

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