Bitcoin whales added 16,010 BTC over a five-day stretch during which the price fell from $87,000 toward $80,000, while a key profitability measure for long-term holders climbed back above its yearly average.

The developments were highlighted in separate on-chain analyses by analysts Ali Charts and Darkfost.

Ali Charts identified $84,569 as the resistance level Bitcoin must clear before any advance toward his upside targets of $89,000 and $94,000. Darkfost, meanwhile, reported that long-term holder profitability has strengthened, with weekly and monthly readings of the Spent Output Profit Ratio (SOPR) exceeding the annual average.

Bitcoin Whales Accumulate During the Price Decline

According to Ali Charts, whale holdings rose from 5,247,316 BTC to 5,263,326 BTC over five days — a 0.305% increase that occurred as Bitcoin fell from $87,000 toward $80,000. Whale balances are among the on-chain metrics analysts track to gauge how the largest holders respond to price swings, since their positioning can meaningfully affect the supply available to the market. The analyst said the accumulation could support a rebound, although Bitcoin must first overcome a major supply zone.

On-chain data shows nearly 800,000 BTC previously traded around $84,569, making that level the first major hurdle in the analyst's recovery scenario. In on-chain analysis, price ranges where large amounts of Bitcoin last changed hands are treated as supply zones because holders who acquired coins there tend to become active again when the market revisits those levels. If Bitcoin breaks above $84,569, Ali Charts is watching for a move toward $89,000, followed by $94,000. The two targets correspond to the rising channel's mid-range and upper boundary, respectively. The analyst cautioned, however, that price action must confirm the significance of the whale buying.

Long-Term Bitcoin Holder Profits Recover

Darkfost reported that Bitcoin's long-term holder Spent Output Profit Ratio, or LTH SOPR moved above its yearly average of 1.10 and held there. The metric compares the price at which coins are spent with the price at which they were last moved, measuring whether holders sell at a profit or a loss; a reading of 1.10 corresponds to an average realized profit of approximately 10%. Readings above 1.0 indicate that, on average, coins were sold at a profit.

Darkfost placed the weekly average at 1.25 and the monthly average at 1.16. Both readings exceed the yearly average, indicating higher realized profits across those periods.

SOPR Reaches Levels Above Yearly Average

Darkfost said improving market conditions have returned profits to long-term Bitcoin holders. He also compared the development with the previous bear market, when renewed profits among long-term holders marked its end.

The analyst described moderate market profits as a positive sign, noting they can encourage investors to expect further gains.

For his part, Ali Charts' outlook depends on Bitcoin clearing $84,569 and holding the rising channel's support. His upside targets remain $89,000 and $94,000, while the whale accumulation data covers the recent five-day decline. Going forward, the on-chain markers framing both analysts' views include whale balances, Bitcoin's behavior around the $84,569 supply zone, and whether long-term holder SOPR stays above its yearly average of 1.10.