BTC stalls under resistance as ETH leads whale accumulation, signaling a shift in short-term market focus.
Bitcoin and Ethereum are showing diverging trends as large investors adjust their positions. While Bitcoin remains range-bound under strong resistance, accumulation continues at a cautious pace. In contrast, Ethereum is attracting stronger demand from whales despite recent price weakness.
Bitcoin Momentum Remains Limited as Resistance Keeps Price in Check
Bitcoin continues to attract steady interest from large holders, though momentum remains limited. Buy-side activity is visible across order books, yet strong resistance continues to cap price movement.
A notable sell wall near the $68,000 level is absorbing demand. That pressure keeps price action choppy and largely range-bound.
The net buying volume of $ETH whales is much larger than $BTC.
Whales are focusing on $ETH rather than $BTC. https://t.co/AZUdohmEmu pic.twitter.com/IrLQPVMSkW
— CW (@CW8900) March 22, 2026
Instead of pushing prices higher, large Bitcoin holders appear to be accumulating cautiously. The current market structure suggests a balance between buyers and sellers, with neither side in clear control. As long as resistance remains intact, upside expansion may stay constrained.
At the time of writing, Bitcoin is exchanging hands at $68,747. The OG asset is showing declines across most long-term timeframes, while the weekly chart still holds a modest gain.
Ethereum Attracts Heavy Accumulation as Whales Buy Into Weakness
On the other hand, Ethereum records stronger, more sustained accumulation from large holders than Bitcoin does. Recent order flow shows net buying volume in ETH exceeding that in BTC. This suggests a shift in short-term capital allocation among major investors.
Data from Santiment supports this trend as wallets holding between 1 million and 10 million ETH have expanded their positions in recent days. Between March 18 and March 21, total holdings increased from about 6.38 million ETH to 6.49 million ETH.
Image Source: Santiment
As such, about 110,000 ETH were added, valued at roughly $235 million. Accumulation during a price decline stands out as a key signal. ETH fell from around $2,317 to below $2,150 within the same period.
Despite the pullback, whale balances continued to rise. Such behavior points to strong conviction among large holders.
Notably, large investors often accumulate during dips when they see value. Current activity suggests Ether is viewed as an attractive entry at these levels. It also indicates a willingness to absorb selling pressure without hesitation.
