Bitcoin News: Whales Buy $750M BTC as Price Hits Make-or-Break Level

Key Insights:

• The latest Bitcoin news reports that whales have recently snapped up 10,000 BTC.
• The BTC price consolidated below the $75,000 level at press time, despite continued institutional accumulation.
• A reputed analyst believes that Bitcoin price is currently at a “make-or-break” stage.

Large Bitcoin whales have gone on an acquisition spurt in the last several days, per Bitcoin news reports. Recently, according to on-chain records, they acquired about $750 million worth of BTC in less than 96 hours. The purchase spree coincides with the struggle of Bitcoin price to break above $75,000 after a prolonged period of consolidation.

Bitcoin News: Whales Buy 10,000 BTC

On-chain data shows that this new accumulation has pushed whale-owned Bitcoin balances to high levels. Crypto analyst Ali Martinez noted that Bitcoin whales snapped up 10,000 BTC this week. Continued buying could support a short-term price recovery for BTC.

In his analysis, he spotlighted the importance of Bitcoin price’s current position. Martinez wrote, “Bitcoin $BTC is at a make-or-break point!” He also noted that BTC is again challenging the 100-day simple moving average (SMA), which has been a strong resistance over the past few months.

Martinez claims this is not the first time Bitcoin has been rejected at this level. “For the third time in six months, BTC is testing the 100-day simple moving average (SMA) as resistance,” he noted. In Bitcoin news today, he explained that past encounters with this technical barrier led to high corrections.

Is Bitcoin Price Close to Another Correction?

For context, October 2025 saw BTC price fall almost 30% to about $80,000 from $110,000 after a failed breakout. The same pattern was replicated in January, when a downturn led to a 39% drop from $97,000 to about $59,800.

The recent price movement has seen Bitcoin floating near $74,800, remaining below the downward-sloping 100-day moving averages. Martinez’s chart depicts a more pronounced bearish pattern that began following the highs at the end of 2025.

Any effort to reclaim the moving average has been met with selling pressure. That supports it as one of the resistance zones.

The daily chart shows a pattern of decreasing highs and a long consolidation period after a steep decline at the beginning of February. Since then, BTC price has been in a range of between about $63,000 and $75,000.

The 100-day SMA is moving downward but remains above the BTC price. That means bearish momentum has not yet completely reversed.

Another failure on this level, Martinez cautioned, might have structural consequences. “A third rejection here would be a major structural failure. It could trigger a triple top effect,” he said. It would likely cause Bitcoin to revert to its annual low around $59,800.

Simultaneously, in today’s Bitcoin news, he also mentioned the positive aspects of the situation. Martinez wrote, “If BTC can finally clear this hurdle and close above the 100-day SMA, the ceiling comes off.”

Bitcoin News: Institutional BTC Accumulation Surges

In addition to the accumulation of whales, institutional activity has increased. Recent Bitcoin news indicates Tether purchased 951 BTC in a recent transaction, adding $70.47 million in Bitcoin to its reserves.

According to blockchain records, the company currently holds approximately 91,141 BTC, valued at approximately 7.2 billion. It cements its status as the fifth-largest on-chain Bitcoin holder in the world.

Renewed demand was also reflected in ETF flows. Spot Bitcoin ETFs recorded inflows of $411 million on April 14, with BlackRock IBIT taking in over $213 million. It overturned Monday’s $291 million outflows and coincided with a reduction in macroeconomic fears over the US-Iran conflict.

Meanwhile, Michael Saylor’s MicroStrategy increased its Bitcoin investments by buying 13,927 BTC worth $1 billion the previous week. However, Bitcoin still remains below the $75,000 mark, keeping market participants concentrated on the current retest of a crucial resistance barrier.