The resilience of Bitcoin (BTC) remains one of the key psychological metrics that investors monitor.
Currently, it stands out. Macro FUD policy has officially returned after US President Donald Trump withdrew from the ceasefire with Iran, sparking another wave of uncertainty. Oil prices rose more than 5% and are now approaching the $75 resistance level. Historically, rising oil prices often go hand in hand with major corrections in the cryptocurrency market.
However, Bitcoin’s technical structure continues to hold above the key $60,000 support area, with Bitcoin rising more than 6% during the late June and early July rally. What’s interesting is that this strength came alongside rising oil prices, a clear departure from previous cycles. This could be an early sign that the market is starting to absorb overall FUD rather than selling into it.
Against this background, Bitcoin Resilience feels like a healthy reset.
According to CoinGlass, BTC wiped out more than $13 million in long liquidations over the past 24 hours, as FUD drove leveraged traders out of the market. Despite the influx, Bitcoin continues to hold above a key support level, suggesting that the move has simply eliminated excess leverage rather than damaging the broader trend.
Historically, this type of reset is often followed by a strong rebound, bringing focus back to the $65,000 to $70,000 range. The real question now is whether spot demand is strong enough to support such a move. This is where locating Bitcoin whales becomes the key metric to monitor.
Bitcoin remains flat as whales bet on strength despite total FUD
Bitcoin’s flexibility makes locating whales worth watching.
According to Alphractal, Pisces delta versus hash is on the rise again. the Data It shows that whales are gradually adding to long positions. Bitcoin stands out with one of the strongest positive readings. However, retail traders continue to lean in the other direction, with smaller positions still positioned for further declines.
Interestingly, whales’ long-term exposure rose around Bitcoin’s recent low of $58,000, reinforcing the view that big players were buying into weakness while retail remained on the defensive. Importantly, this divergence is unfolding while one of the key demand metrics for the Bitcoin chain remains weak.
According to CryptoQuant, Bitcoin 30-day spot demand has been in negative territory since December 2025. The gauge reached -273,000 BTC in mid-June before recovering to around -100,000 BTC as of writing.
In simple terms, negative spot demand means that new Bitcoin supply is still not fully absorbed by buyers. Coupled with the lack of a strong institutional supply, Bitcoin’s resilience is starting to look increasingly dependent on whale accumulation. Unless spot demand begins to recover, this flexibility may be difficult to maintain.
In this context, the rise in whale buy positions becomes even more important. If whales continue to accumulate while spot demand gradually improves, Bitcoin could have the basis for another rally. If not, BTC’s current consolidation around the $60K level may just be a bullish trap.
Final summary
- Bitcoin remains above key support despite overall FUD.
- Whales are betting on more upside while retail trade remains bearish. Spot demand will likely decide whether Bitcoin will rally or turn into a bull trap.
