{"id":32756,"date":"2026-09-24T10:22:14","date_gmt":"2026-09-24T09:22:14","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/09\/24\/bitcoin-mid-size-wallets-accumulate-113950-btc-key-resistance\/"},"modified":"2026-09-24T10:22:23","modified_gmt":"2026-09-24T09:22:23","slug":"bitcoin-mid-size-wallets-accumulate-113950-btc-key-resistance","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-mid-size-wallets-accumulate-113950-btc-key-resistance\/","title":{"rendered":"Bitcoin: Mid-Size Wallets Accumulate 113,950 BTC as Price Tests a Key Resistance"},"content":{"rendered":"\n

Since July 15, a specific category of Bitcoin<\/strong> wallets has been accumulating aggressively \u2014 and the numbers are hard to ignore. 113,950 BTC<\/strong> have been added by addresses holding between 100 and 1,000 BTC, according to Santiment<\/strong> data. The price briefly touched $87,000<\/strong> before stabilizing around $84,000<\/strong>.<\/p>\n\n\n\n

This move raises a central question: is this durable demand<\/strong> capable of pushing Bitcoin toward new highs, or simply a short squeeze<\/strong> that will run out of steam once leverage unwinds? The coming weeks will provide a concrete answer.<\/p>\n\n\n\n

Mid-Whale Accumulation Is Changing the Market Narrative<\/h2>\n\n\n\n

Wallets holding between 100 and 1,000 BTC \u2014 commonly referred to as “mid-whales”<\/strong> \u2014 have grown their combined holdings to 5.24 million BTC<\/strong>, a rise of 2.22%<\/strong> since July 15. Santiment<\/strong> has been tracking this segment for five years, and its behavior has historically preceded or accompanied significant upside phases<\/strong>. This signal is therefore far from trivial.<\/p>\n\n\n\n

What sets this move apart is its continuity throughout the recovery phase<\/strong>. Mid-whales did not wait for a breakout confirmation before buying \u2014 they accumulated steadily throughout the entire rally. This indicates that the current move is not driven solely by retail flows<\/strong>, but by structured demand<\/strong> from participants with a longer-term conviction<\/a>.<\/p>\n\n\n\n

Bernardo Brites<\/strong>, co-founder of Trace Finance<\/strong>, does however add some nuance to that reading: “I wouldn’t interpret this as a broad return of risk appetite. Bitcoin rallying despite rising rates, oil at $100, and elevated yields suggests that some investors are treating it as a hedge against inflation, fiscal risk, and geopolitical uncertainty<\/a>.”<\/em> A distinction that fundamentally shifts the underlying investment thesis.<\/p>\n\n\n\n

The $88,000\u2013$90,000 Zone: Why This Resistance Is Structural<\/h2>\n\n\n\n
\"Bitcoin<\/figure>\n\n\n\n

Bitcoin has reclaimed its 365-day moving average around $80,500<\/strong> \u2014 a level it had not broken back above since March 2023<\/strong>, a move that at the time preceded a major rally<\/strong>. It has also cleared the $76,000\u2013$81,000 supply zone<\/strong> that had been capping price action for several weeks.<\/p>\n\n\n\n

The $88,000\u2013$90,000<\/strong> band represents the next real resistance<\/strong>, and this is not simply a matter of round-number psychology. A significant concentration of Bitcoin<\/strong> sits within this price range, meaning that meaningful sellers are likely to step in as soon as price approaches it. This is precisely why $90,000<\/strong> represents the true test of the current cycle.<\/p>\n\n\n\n

Two scenarios are taking shape: if Bitcoin ETF inflows<\/a><\/strong> resume and stablecoin supply<\/strong> continues to grow, the foundation beneath the rally consolidates ahead of an assault on resistance. Conversely, a slowdown in ETF inflows while price stalls below $88,000 leaves the move exposed to a sharp reversal<\/a>, particularly through the unwinding of leveraged positions<\/strong>. Ki Young Ju<\/strong>, founder of CryptoQuant<\/strong>, believes this cycle is more likely to produce a 3x to 5x rally<\/strong> than a mere technical bounce \u2014 a perspective that underscores just how closely these levels deserve to be watched.<\/p>\n\n\n\n

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