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.
Instit
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