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Bitcoin price holds steady near $78K as institutional buying meets old whale selling via OTC trades.

Market News
21 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitcoin's price remains stable around $78,000 despite record institutional buying, with Strategy holding over 843,000 BTC and spot ETFs absorbing nearly 19,000 BTC in April. However, dormant wallets from early Bitcoin holders are quietly selling about 38,400 BTC in 2026 through over-the-counter (OTC) trades, balancing supply and demand. This old-whale distribution offsets institutional accumulation, keeping prices range-bound between $78,000 and $82,000. Analysts expect a sharp price rise once this selling exhausts, as institutional demand will then face no counterweight.

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