Bitcoin whales added 16,010 BTC over five days while the asset's price fell from $87,000 toward $80,000, according to Santiment data shared by analyst Ali Charts. The accumulation was documented in a five-part thread posted to X on October 12, 2026.

On-chain figures show that whale holdings rose from 5,247,316 BTC to 5,263,326 BTC during the period, an increase of 0.305% while prices were declining. The data indicates that some of the largest holders in the market kept adding coins even as the broader market moved lower, with their holdings growing throughout the pullback. Whale holdings data of this kind is among the on-chain signals market watchers use to gauge how the largest wallets behave during drawdowns.

Market Snapshot

Market data provides further context for the accumulation. Bitcoin traded at $83,341.34 as of this writing, up 0.56% over the past 24 hours. Despite the daily gain, the price remains down 3.19% over the past seven days. Daily trading volume stands at $22,486,836,062, reflecting the amount of Bitcoin exchanged across markets over the previous 24 hours. These figures reflect the latest price data available at the time of writing. Analysts are now watching whether the whale buying can support a rebound toward higher resistance levels.

Five-Part Thread Details the Buying

Ali Charts shared the findings on X in a thread combining on-chain data with technical chart analysis. The opening post stated that whales bought the dip and that the next leg higher starts now. The thread spans five posts and draws on data from Santiment and Glassnode. Both platforms build their figures from blockchain records, with Santiment tracking wallet balances across holder cohorts and Glassnode mapping the price levels at which coins last changed hands.

The second post of the thread cited Santiment data to support the claim, laying out the holdings figures used in the analysis:

2/5 As Bitcoin fell from $87,000 toward $80,000, whales added 16,010 $BTC over five days. Their holdings rose from 5,247,316 to 5,263,326 BTC, representing a 0.305% increase while the price was declining. pic.twitter.com/gCf8Ow2sbr — Ali Charts (@alicharts) October 12, 2026

Closing the thread, Ali Charts said the price now needs to confirm the buying by Bitcoin whales. The analyst listed three levels to monitor, connecting them to supply data and a rising channel. The levels range from a breakout point to two upside targets.

Resistance Near $84,569 Draws Attention

Glassnode data shows that nearly 800,000 BTC were previously traded around $84,569. In on-chain analysis, price bands where large amounts of coins were last acquired are treated as potential resistance because they mark levels where earlier buyers sit at or near their entry prices. Ali Charts described this area as a supply zone, one that Bitcoin must clear before a move higher gains strength. The on-chain figures were presented in the third post of the thread, which focused on the supply concentrated near that price.

According to the thread, a break above this level would strengthen the case for a rally. Until then, the zone remains a hurdle for buyers, and Bitcoin currently trades just below it. The analyst framed a break of $84,569 as the first condition for the upside move. The supply-zone break, a hold of the channel's lower boundary, and the two upside targets together form the three levels flagged in the thread.

Bitcoin is also testing the lower boundary of a rising channel. Support at that boundary needs to hold for the rising channel structure to remain intact. Ali Charts tied this setup to the potential rebound, presenting the channel in the fourth post of the thread as part of the technical outlook.

Upside Targets at $89,000 and $94,000

If support holds and Bitcoin clears $84,569, the analyst is watching for a rally toward $89,000, a level that sits near the channel's mid-range. Beyond it, the upper boundary of the channel, around $94,000, serves as the next upside target. Ali Charts repeated the three levels in the final post of the thread as the key levels for the move.

Source: Blockonomi