In his latest X commentary, Keith Alan, co-founder of trading resource firm Material Indicators, noted that if there is a new pullback in Bitcoin's price, its support level could only be at $94,000, and its rebound zone is at the 21-week moving average. However, Alan believes that the market is sending positive signals for the future, and that bulk traders are adding to their BTC holdings at current levels. "BTC is consolidating above $100,000 and whales are adding to their holdings," he concluded. The accompanying chart shows that buying is increasing in two broad categories of transactions typically associated with whale entities. In addition, the chart also confirms that as of May 27, $112,000 is the level that attracts the highest selling liquidity.