Bitcoin Whales Increase Holdings During Market Pullback

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 19 2026

BTC+1.207%

NEXO-0.116%

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Whale Wallet Growth: The number of Bitcoin wallets holding at least 100 BTC increased by 11.2% over the past year to 20,229, indicating that large investors maintain confidence amid market volatility, reflecting trust in Bitcoin's long-term supply dynamics.
Market Panic Intensifies: As Bitcoin prices briefly fell to $76,000, retail traders exhibited panic-selling behavior, leading to increased market volatility and highlighting smaller investors' expectations of further price declines, which exacerbated market stress.
Regulatory Progress Impact: Nexo analyst pointed out that the advancement of the CLARITY Act could serve as a catalyst for future price movements, with rising expectations for the bill to become law in 2026 potentially driving a Bitcoin price rebound.
Institutional Activity Continues: Despite the shift to bearish sentiment, analysts report that institutional investors are actively accumulating Bitcoin, indicating that large holders are acting independently in the current market environment, potentially laying the groundwork for future price rebounds.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	70169.229	72148.4	74241.659	76220.83	78314.089	80293.26	82386.519
Fibonacci	72148.4	73704.068	74665.161	76220.83	77776.498	78737.591	80293.26

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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