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Bitcoin whales buy 16,010 BTC amid price drop, eyeing $89K and $94K targets

Technical Signals
12 Oct 2026
Blockonomi
View Source
Bullish
Bitcoin whales buy 16,010 BTC amid price drop, eyeing $89K and $94K targets

Bitcoin whales increased their holdings by 16,010 BTC over five days while the price dropped from $87,000 to around $80,000, showing confidence despite the decline. Their combined BTC rose by 0.305%, according to Santiment data. Analysts highlight a key resistance zone near $84,569 that Bitcoin must surpass to confirm a rebound. If support holds and this level breaks, targets of $89,000 and $94,000 are expected as potential upside points.

Bitcoin whales accumulating 16,010 BTC during a price pullback provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 12, 2026 17:41 WIB: out of 50 major cryptocurrencies, 37 rose and 12 fell today. Notable movers include BAL (Balancer) at Rp16.297 with a 1-day change of +11.14%, ALGO (Algorand) at Rp2.312 with +8.54%, and XTZ (Tezos) at Rp5.757 with +8.13%.

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