Whales Resume Accumulation at $71K, Targeting Breakout to $82K

• • Technically on the 4-hour chart BTC just bounced from a demand zone and is consolidating at the $71.446 level. Bullish sentiment is backed by on-chain data movement showing large wallets resuming supply accumulation in this price area.

BTC's recovery is heavily driven by the return of buying interest from large-scale holders. Analytics platform Santiment reported that wallets holding 10 to 10,000 BTC have shifted back to an accumulation phase around the $71,000 level, which is a strong bullish signal. Simultaneously, on-chain data analysis projects that Bitcoin's next stop could potentially reach $82,000 if the current consolidation area is broken upwards. On the chart, this momentum is validated by an upward Break of Structure (BOS) after the price was firmly held by the order block around $69,000.

While short-term sentiment appears bullish, a macro warning looms. A crypto analyst cautioned that the current decline is still relatively modest compared to previous bear markets that wiped out 77% to 84% of Bitcoin's value. If the price fails to hold the $69,000 level and plunges, technical indicators suggest investors brace for a much more painful drop before finding the true market bottom.