81% Bitcoin holders sit on gains, but inflows cool: What’s ahead for BTC?

• Whale wallets now control 67.77% of Bitcoin [BTC] supply, supporting long-term bullish sentiment.
• Bitcoin faces key resistance between $86K–$92K despite strong on-chain fundamentals.

Bitcoin’s [BTC] key stakeholders—wallets holding between 10 and 10K BTC—have ramped up accumulation, adding over 53.6K BTC since the 22nd of March.

These entities now control 67.77% of the total supply, reinforcing institutional conviction in the asset despite recent market turbulence. 

At press time, BTC traded at $85,346.56, up 0.94% over the last 24 hours. Naturally, this hinted at growing bullish pressure.

However, exchange inflow momentum told a more cautious story, with short-term players appearing hesitant.

This contrast between long-term accumulation and short-term hesitation raises one question—will this wave of whale demand drive the next breakout?

Can bulls ignite a run to $92K?

Bitcoin’s price action is now approaching a decisive technical juncture, as bulls challenge the daily EMA 50 resistance at $85.3K.

The asset recently broke out of a descending wedge, a pattern that often precedes bullish reversals. However, the uptrend remains unconfirmed until BTC secures a clean close above the EMA50. 

A successful reclaim of this level could open the path to $92K, which aligns with projected targets from the current technical setup.

Therefore, price movement in the coming days will be pivotal in establishing short-term direction.

Source: TradingView

A potential resistance cluster?

On-chain data added nuance.

On-chain data reveals that 81.79% of BTC holders are currently in profit, reflecting strong hands across the board.

Yet, a substantial number of addresses acquired BTC between $86.1K and $213K, forming a significant resistance cluster just above current levels. 

This means that while Bitcoin enjoys solid structural support, the $86K–$92K zone may attract increased selling from holders eager to break even or take profits.

Consequently, bulls will need significant momentum to clear this barrier and sustain upside continuation.

Source: IntoTheBlock

Bitcoin’s brewing momentum

On-chain signals continue to support the bullish case.

The Puell Multiple, at 0.99 at press time, suggested that Bitcoin remained far from overheating, leaving ample room for further upside.

Additionally, falling exchange reserves reflect decreasing sell-side pressure, consistent with whale accumulation trends.

The Crypto Bull Run Index (CBBI) sat at 66.55, signaling optimism but not yet euphoric conditions. 

Source: CoinGlass

Complementing these signals, volatility remains subdued at 2.72%, a level that historically precedes sharp directional moves. Collectively, these metrics indicate that Bitcoin is building energy for a potential rally.

Is Bitcoin ready to explode past $85.3K?

Given the ongoing whale accumulation, diminishing exchange supply, low volatility, and a technically significant setup, Bitcoin appears well-positioned for a breakout. 

However, the $86K–$92K zone presents immediate friction. If bulls decisively flip $85.3K into support, a push toward $92K seems increasingly likely.