- Bitcoin fell toward $63K as macro uncertainty triggered broad market selling.
- Whale wallets accumulated nearly 19,700 BTC despite weakening retail demand.
- Holding key support could fuel a rebound toward the $66K resistance zone.
Bitcoin — BTC, has returned to the center of attention after a sharp decline erased much of last week’s recovery. The world’s largest cryptocurrency dropped below an important support area as investors reacted to growing macroeconomic uncertainty and weakness across global financial markets. Although short-term sentiment has turned cautious, on-chain data reveals that large Bitcoin holders continue accumulating during the pullback. That contrast between institutional behavior and retail hesitation suggests the current correction could become another opportunity for long-term investors rather than the start of a prolonged bearish trend.
Market Uncertainty Triggers Fresh Bitcoin Selling
Bitcoin fell more than 3% on Tuesday, reaching an intraday low of around $63,494. The decline marked the lowest price seen in roughly ten days and reflected a broader wave of risk-off sentiment across financial markets. Selling pressure accelerated after technology stocks, particularly companies linked to artificial intelligence, experienced a sharp correction that quickly spread into the cryptocurrency market.
South Korea’s KOSPI index dropped more than 10% as investors rushed to reduce exposure to major semiconductor companies. Samsung Electronics and SK Hynix both recorded heavy losses following concerns about slowing AI infrastructure spending and increasing competition from Chinese memory-chip manufacturers. As confidence weakened across equity markets, digital assets also came under pressure.
Ethereum, Solana, and XRP all posted notable losses as traders moved capital away from higher-risk investments. Attention has also shifted toward The Federal Reserve, with investors waiting for the outcome of the central bank’s latest policy meeting. Market participants now expect a higher probability of additional interest rate increases during the coming months.
Whale Accumulation Keeps the Long-term Bullish Case Alive
While price action has disappointed many short-term traders, blockchain data continues sending a more encouraging message. Large Bitcoin holders have steadily increased their positions throughout the latest correction, suggesting experienced investors remain confident despite recent volatility. Such accumulation often reflects a longer investment horizon rather than concern over temporary price swings.
According to on-chain data from Santiment, wallets holding between 10 and 10,000 Bitcoin accumulated nearly 19,700 BTC within only eight days. Retail investors showed much less enthusiasm during the same period, with smaller wallets displaying weaker dip-buying activity. Santiment described that shift in ownership as constructive because Bitcoin supply continues moving from weaker hands toward larger, more patient investors.
Another positive technical signal comes from Bitcoin’s three-day Bollinger Bands. Crypto analyst Ali Charts observed that volatility continues shrinking as the bands tighten. Historically, extended periods of low volatility often precede powerful price movements. Although the direction remains uncertain, many traders believe the current setup increases the likelihood of a significant breakout over the coming weeks.
