## BTC Stuck in Sideways Box Range Bitcoin (BTC) is currently trading sideways, consolidating within a $100,000 to $105,000 box range. Despite the lack of upward momentum, underlying data suggests strong accumulation from large players. ## Whale Buying Pressure Builds According to The Block, and highlighted by Timothy Mishir, Head of BRN Research, whales have accumulated a substantial 45,000 BTC (approximately $4.6 billion) this week alone. This marks the second-largest weekly accumulation this year, signaling significant institutional interest. A large portion of these BTC have been moved from exchanges to cold wallets, further indicating long-term holding strategies. ## Macroeconomic Factors and Potential Outlook Glassnode suggests that while macroeconomic conditions have improved with the resolution of the US shutdown and easing US-China trade tensions, the box range trend may persist in the short term. This suggests that strong buying pressure isn't enough to break out of the trading range immediately, requiring more time for accumulation and market confidence to build. Continued whale accumulation could eventually lead to a breakout. ```