Urgent: Bitcoin Price Faces Pressure Test Near $95K While Whales Accumulate

Bitcoin investors are watching closely as the market reacts to recent economic data and price movements. The Bitcoin price has faced notable selling pressure, particularly as it approached the $95,000 level. While some traders are taking profits, a deeper look reveals a divergence in behavior between large and small holders, suggesting this dip might be a ‘profit-taking pressure test’. This Market analysis explores the factors at play.

Understanding the Recent BTC Selling Pressure

Recent data indicates an increase in BTC selling activity. Over the past few days, Bitcoin’s spot volume delta, a metric tracking the difference between buy and sell volume, saw significant negative flows. This suggests that selling orders executed at market price outweighed buying orders.

**April 26:** -$16 million
**April 27:** -$30.9 million
**April 28:** -$76.1 million
**April 29:** -$193.4 million

This cumulative drop of over $300 million in just three days signals aggressive selling, likely by short-term holders looking to secure gains around the $95,000 mark. This is a classic example of Profit taking, especially after a strong price run.

How US Economic Data Impacts Bitcoin Price

The recent dip in Bitcoin price coincided with the release of US Q1 GDP data, which showed a -0.3% contraction, missing the +0.3% forecast. This sparked concerns about a potential recession, with Polymarket odds for a 2025 recession hitting 67%.

While GDP missed expectations, the GDP Price Index rose to 3.7%, the highest since August 2023, signaling persistent inflation. PCE inflation data also showed mixed signals:

March 2025 PCE: 2.3% (above expected 2.2%)
March 2025 Core PCE: 2.6% (in line with expected 2.6%)
February 2025 Core PCE Revision: Upward from 2.8% to 3.0%

High inflation and potential stagflation (slow growth + high inflation) can pressure assets like Bitcoin in the short term, as seen in 2022. However, cooling inflation could ease fears of aggressive Fed rate hikes, which would typically support Bitcoin. This economic backdrop adds complexity to the current Market analysis.

Bitcoin Whales vs. Smaller Holders: A Tale of Two Trends

Despite the increase in BTC selling pressure, the behavior of different holder groups presents a more complex picture. Data indicates a clear divergence:

**Bitcoin Whales (holding > 10,000 BTC):** These large entities remain in accumulation mode, showing a high trend score near 0.95. This suggests they are buying or holding onto their significant stashes.
**Smaller Holders (1-100 BTC and < 1 BTC):** These groups show signs of distribution, meaning they are net sellers. The 10-100 BTC group trends around 0.6, while the 1-10 BTC and < 1 BTC groups are lower at 0.3 and 0.2 respectively.

This ‘top-down’ accumulation pattern, where the largest holders are buying while smaller holders sell, supports the idea that the current selling is primarily driven by short-term Profit taking rather than a fundamental shift in long-term sentiment among major players. The realized profit metric also surged recently, reinforcing the view that traders are cashing out gains.

Is This Dip Just a Profit-Taking Pressure Test?

The combination of increased BTC selling near a resistance level ($95K), coinciding with economic data that fuels short-term uncertainty, and the divergence in accumulation trends (whales buying, smaller holders selling) points towards the current market action being a ‘profit-taking pressure test’.

This means the Bitcoin price is being tested by the supply coming from those who bought lower and are now taking profits. The key question is whether there is enough demand, potentially from accumulating Bitcoin whales, to absorb this selling pressure and allow the price to stabilize or continue its upward trend eventually.

Monitoring metrics like spot volume delta and accumulation trends remains crucial for a comprehensive Market analysis to understand if this is just a temporary pause or signals a deeper correction.

Conclusion: Navigating Short-Term Volatility

While recent US economic data and increased Profit taking by short-term traders have put downward pressure on the Bitcoin price near $95K, the continued accumulation by Bitcoin whales provides a bullish undertone for the long term. The market is currently navigating a ‘profit-taking pressure test’. Investors should consider this context when evaluating the short-term volatility versus Bitcoin’s long-term potential as an asset.

Disclaimer: This article provides market analysis and does not constitute investment advice.