The post Why Is Bitcoin Below $66,000 Despite Massive Whale Purchases? appeared first on Coinpedia Fintech News
On February 27, Bitcoin (BTC) was trading at $65,640, after failing to reclaim the $70K level two days ago. Its price is also below its 200-week exponential moving average (EMA) of $68,300, something that would trigger a historical additional bearish acceleration.
Source: X
Rise in Bitcoin bulk buys
![]()
As stated in its Q4, 2025 earnings report, fintech conglomerate Block Inc. (NYSE: XYZ) acquired an extra 340BTC in that quarter, bringing its total holdings to 8,883 BTC and making it the 14th largest publicly traded holder of Bitcoin globally
everyone worried about ai but consider that bro fired half his staff to free up cash to buy the BTC dip https://t.co/cbUmkqvVhn
— Bit Paine 
(@BitPaine) February 27, 2026
Meanwhile, the leading publicly traded holder of BTC, Strategy, just recently acquired 592 BTC, bringing its stash to a total of 717,722 BTC.
Institutionally, BlackRock led the recent $1.1 billion inflows to US spot Bitcoin ETFs, breaking a five-week outflow streak of $3.8 billion. More institutions are expected to join the crypto industry, following the implementation of the GENIUS Act.
Why is Bitcoin still showing negative price action?
Mid-term volatility in the crypto market is the product of new US import taxes and the US-Iran geopolitical tensions. Both have caused widespread capital rotation to safe havens like gold, which now trades at $5,250 per ounce (20% up since January 2026).
Heightened inflation in the US has raised expectations that the Federal Reserve will extend current interest rates, causing downward pressure on crypto assets.
Markets today recorded significant intraday volatility as $8.7 billion in Bitcoin and Ethereum options expired. Meanwhile, the “AI Scare Trade” has seen 50% of global venture capital redirected from cryptocurrencies to AI companies. The Jane Street alleged market manipulation saga has done little to help the market.
BTC price prediction
Historically, Bitcoin has always bottomed roughly 23 months after its last all-time high (ATH). Time is now due since its March 2024 ATH of $73K, suggesting future downward price action.
Kalshi prediction markets show an 85% chance that Bitcoin drops below $65,000, echoing current extreme fear market sentiment.
JUST IN: 85% chance Bitcoin drops below $60,000
— Kalshi Traders (@KalshiTrade) February 27, 2026
On the flip side, most analysts now propose an elongated cycle of BTC price appreciation, following a break in the coin’s traditional four-year boom-bust cycles.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Oscar-Nominated Actor Says Bitcoin Is Going to Die - U.Today
Terrence Howard recently stated on the PDB podcast that he believes Bitcoin is doomed, criticizing its reliance on fiat currency and its volatility. His comments drew mockery from the crypto community, highlighting his controversial understanding of both Bitcoin and mathematical concepts. He joins other Hollywood figures in voicing skepticism about cryptocurrencies.
UTodayJust Now
BTC Breaks Through 68,000 USDT
Gate News bot message, Gate market display, BTC breaks through 68,000 USDT, current price 68,004.1 USDT.
CryptoRadar5m ago
BTC 15-minute increase of 0.82%: Whales accumulate and ETF funds flow back in harmony to boost the market
From 2026-03-09 05:30 to 2026-03-09 05:45 (UTC), BTC experienced a significant upward movement, with a 15-minute return of +0.82%. The price range was 67,350.4 to 67,970.0 USDT, with an amplitude of 0.92%. This fluctuation occurred during a period of global risk asset pressure and increased volatility in the crypto market, attracting market attention.
The main driving forces behind this movement are the continuous accumulation by whale funds at the bottom and the rebound of ETF fund inflows. On-chain data shows that from February to March, large holders with over 1000 BTC...
GateNews7m ago
Latest Developments in RWA Tokenization: BTC Markets Advances License Application, 2030 Market Size Could Reach $16 Trillion
Australian company BTC Markets is applying for a market license to promote the development of tokenized real-world assets (RWA). CEO Lucas Dobbins stated that the goal is to establish on-chain markets for assets such as stocks and bonds. The current on-chain tokenized asset market size is approximately $26 billion, and it is expected to reach $2 trillion by 2030. Australia has the potential to generate economic benefits, but rapid development may yield only $1 billion in revenue.
GateNews7m ago
Probability of US stock market crash rises to 35%? Bitcoin holds at $67,000, but risk assets may face greater volatility
Amid increasing volatility in the global financial markets, Bitcoin's price remains relatively stable at approximately $67,378, but analysts warn that a significant pullback in the U.S. stock market could still pressure the crypto market. Major cryptocurrencies such as Ethereum, BNB, and Dogecoin have all risen slightly. Meanwhile, S&P 500 futures declined, oil prices broke through $100, and market panic sentiment increased. Analysts have raised their estimates of the probability of a U.S. stock market crash, indicating that the economy faces dual challenges of inflation and employment pressures.
GateNews34m ago
Strategy plans to sell preferred stock to raise $300 million for increased Bitcoin holdings
Gate News Report, March 9 — Strategy, a company under Michael Saylor, may raise $300 million in the coming weeks by selling preferred shares STRC to purchase more Bitcoin. STRC was launched in July 2025 as a yield-generating financing instrument, maintaining its share price close to a $100 face value through a variable monthly yield, currently offering an annualized return of 11.50%. This instrument has helped Strategy accumulate a Bitcoin holding worth approximately $50 billion.
GateNews45m ago
