Bitcoin's price remains in a tight range between $85,000 and $92,000 after a significant 17% drop from its peak above $110,000. On-chain data reveals that Bitcoin whales, holding between 100 and 1,000 BTC, have increased their holdings, adding approximately $23.5 billion worth of Bitcoin. This accumulation comes as gold and silver have surged, with gold rising 38% and silver more than doubling in value, outperforming Bitcoin. The shift in market dynamics has seen Bitcoin's dominance decline as both institutional and retail investors redirect their focus towards traditional safe-haven assets like gold and silver. Despite this, the activity of Bitcoin whales indicates a strategic long-term positioning, suggesting confidence in Bitcoin's potential amid current market consolidation.