The broader cryptocurrency market has been in a period of economic stagnation for the last few months, with Bitcoin still holding the dominant sentiment of the entire market.

With such consolidation, there have already been several signs of accumulation developing, which is being interpreted as strengthening the long-term bullish thesis for BTC. At press time, Bitcoin is trading at $87,930.91 with a decrease of 0.09% over the past 24 hours.

Bitcoin Holds Key Support as Price Consolidation Signals Strength

Bitcoin is trading around $87K – $88K on the daily TradingView chart, along with consolidation at the bottom of the support zone. Although it has recently experienced corrective action, it has demonstrated its ability to hold the price range.

This indicates a softening of selling pressure. It is still below the significant moving averages, but the sideways movement indicates that the price will form a firm base, rather than breaking down. Therefore, should Bitcoin maintain this support level, a move back into the $90K – $95K resistance level is highly possible, further solidifying bullish sentiment leading into 2026.

Also Read : Metaplanet Adds 4,279 BTC in Q4, Boosts Bitcoin Holdings to 35,102 BTC

Exchange Supply Declines as Whale Activity Remains Elevated

As shown on the Santiment data chart, the supply of BTC on exchanges has decreased, signaling that coins are being migrated from exchanges into cold storage.

Also, the ongoing activity of whale transactions over $100K demonstrates that active large holders are continuing to participate in the consolidation period. Overall, this shows a behavior of accumulation instead of distribution.

Institutional Accumulation Supports the Bullish Thesis

According to the recent update on X by the CEO of Metaplanet, Simon Gerovich @gerovich, the company purchased 4,279 BTC, worth approximately $451 million, bringing them to a total of 35,102 BTC being accumulated through these massive purchases corresponds with the activity on the BTC Blockchain. It indicates that more institutional investors are becoming confident in its future prices.

With BTC’s price being steady and with decreasing amounts of supply on exchanges, plus the ongoing accumulation of BTC by large holders (whales), this is indicative of BTC being in an accumulation stage at this moment. Should these trends continue, there is no reason BTC cannot once again start to move up in price, reaching new highs perhaps as early as 2026.

Also Read: Bitcoin’s (BTC) 2025 Shock: Ways It Could Save the Dollar