Aggressive Whale Accumulation Offsets Dormant Bitcoin Supply Concerns

• • On the one-hour chart, price is holding firm at a local support zone, pointing to steady supply absorption by institutional buyers.
• • Large holders keep accumulating quietly and consistently, unfazed by short-term jitters over old-coin movement.

Bitcoin's market is currently caught between two opposing forces. On one side, the sudden movement of 1.9 million old BTC tied to a New York legal dispute has stirred fears of near-term supply pressure. On the other, on-chain data shows whales haven't slowed their accumulation at all — if anything, they're using the moment to soak up cheap liquidity before the broader institutional market catches up to the trend reversal. Long-term conviction is being reinforced by high-profile holders such as Dave Portnoy, who has again confirmed he has no plans to sell. Technically, the one-hour chart shows price building a solid defense around the $62,653 (Rp1,127,127,470) zone. Backed by heavy accumulation, price looks set to clear nearby resistance and push toward $63,245 (Rp1,137,777,550) within the next 3 days. If spot buying pressure holds, this move could extend further toward $64,000 (Rp1,151,360,000).

Macro sentiment remains vulnerable to regulatory shocks or sudden ETF outflows. Protect the position if price breaks below the critical defense level of $62,000 (Rp1,115,380,000).