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Bitcoin whales buy 270,000 BTC as exchange reserves hit 8-year low, signaling possible breakout soon.

Market News
05 May 2026
AMBCrypto
Bullish
pluang ai news

Bitcoin whales have accumulated around 270,000 BTC in the past 30 days, reducing exchange reserves to their lowest level in 8 years at 2.21 million BTC. This indicates strong buying by large holders while retail investors remain less active. Bitcoin is currently trading between key liquidation zones at $76K and $86K, with significant leverage on both sides that could trigger a sharp price move once one side is forced out. The next breakout will depend on whether short or long positions get liquidated first, with the price needing to hold above $80,000 to push higher.

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