
Bitcoin traded flat recently but surged nearly 6% over the past week, supported by significant whale accumulation of over 4,500 BTC in 24 hours. Despite prices rising above $80,000, on-chain activity is at a two-year low, indicating the rally is driven by a smaller group of investors rather than broad retail participation. Analysts warn this could make the rally fragile, but successful technical breaks near key levels could push prices toward $84,000-$85,000 soon. The current situation suggests early accumulation rather than a decline.