Bitcoin Whales Ramp Up Record Accumulation After $90K Dip
On-chain data shows Bitcoin whales ramping up record accumulation after BTC dipped below $90,000. Santiment reports over 102,000 transactions above $100,000 and 29,000 above $1 million this week. Glassnode confirms wallets holding more than 1,000 BTC have been steadily building positions since late October. This surge marks potentially the most active whale week of 2025, as large holders switch from selling to aggressive accumulation. Swyftx chief analyst Pav Hundal notes a 10:1 buy-sell ratio, driven by dip buyers reacting to US geopolitical news and Nvidia’s earnings. Bitwise’s Bradley Duke observes calm buying amid market fear, while Multicoin’s Tushar Jain sees forced liquidations winding down. Experts like Tom Lee and Matt Hougan predict a near-term bottom and rebound. Tracking Bitcoin whales offers traders key insights into sentiment shifts and future price support.
Bullish
The surge in Bitcoin whales transferring and accumulating large BTC balances indicates strong demand from top holders. Historical patterns show that whale buy-ins during price dips often precede short-term rallies and stabilization. Combined with a high buy-sell ratio and expert forecasts of a bottom and rebound, this trend suggests a bullish outlook for BTC, offering traders potential entry points and near-term support levels.