Bitcoin (BTC) whales have shifted gears in the market, spurring bullish sentiments. The crypto market remains in the red zone after taking several hits amid skyrocketing liquidations wiping off the previous month’s gains.
Bitcoin Whales Are Back In Control
The crypto dip might soon be over as large holders begin another accumulation spree, looking to end the week on a high. On-chain intelligence firm Santiment pointed to an increase in crypto whale activity, a swift reversal from previous weeks.
So far, these large holders have recorded 109,000 transactions over the $100k mark, while about 29,000 have exceeded $1 million. This shows massive purchases, highlighting the presence of bullish whales in the Bitcoin market.
“Bitcoin’s whales have gotten more and more active as prices have dumped over the past six weeks. So far this week, we have seen: Over 102.9K Whale Transactions exceeding $100K. Over 29K Whale Transactions exceeding $1M. This week has a good chance of ending up as the most active whale week of 2025, with the context of these whale moves gradually turning from dumping to accumulating again,” Santiment wrote.
If the week becomes the most active since January, BTC price is tipped for a rebound. This is also coupled with expected exchange outflows to other custodians as bulls eye long-term holdings.
The recent market dip sparked volatility, fueling outflows from Bitcoin and other assets. The crypto leader slumped below $90k for the first time in six months and has now recorded consecutive weekly outflows in institutional products.
As the winter bites harder, retail positions are bound to be at risk. Last week, short-term buyers plunged into losses, forcing many to sell assets. The setback was also recorded among institutional investors. This retail shakeup opened a good acquisition opportunity for whales to ‘buy the dip’ as expected.
Recent data from Glassnode also shows a surge in wallets holding over 1000 BTC. It should be noted that some analysts believe sales volumes are also contributing to growing whale numbers.
Despite current headwinds, Bitcoin whales backed by institutional bulls have pitched a tent with a recovery above $105k mark. Others stress that since fundamentals are not affected, the asset might swing to previous highs.
Bitcoin is down about 25% from its all-time high, triggering a wider crypto asset tumble.
Source: https://zycrypto.com/bitcoin-whales-kickstart-accumulation-as-bulls-target-swift-recovery/
