Bitcoin Whales Ramp Up Accumulation Under $90K Dip
On-chain data shows Bitcoin whale activity has surged as BTC slipped below $90,000, with over 102,000 transfers exceeding $100,000 and nearly 29,000 above $1 million, according to Santiment. Glassnode metrics reveal a notable rise in wallets holding more than 1,000 BTC since late October, underlining renewed accumulation by top holders. Analysts point to geopolitical news and Nvidia’s strong earnings driving buy-the-dip behavior, with Swyftx reporting a 10:1 buy-to-sell ratio. Experts from Bitwise and Multicoin note whales are capitalizing on panic selling while forced liquidations wane. With voices like Tom Lee and Matt Hougan predicting a market bottom soon, traders may find entry points by monitoring large transfers, exchange inflows, wallet concentration and transaction volume. Historically, whale accumulation during a price dip precedes short-term rallies and helps stabilize markets, suggesting growing confidence in Bitcoin’s recovery.
Bullish
This news is bullish because large holders accumulating during a price dip typically signal strong demand and may stabilize the market in both the short and long term. The surge in high-value transfers and rising wallet concentration points to growing confidence among whales, which historically precedes price support and rallies. Short-term, the shift from forced selling to accumulation could trigger a rebound. Long-term, sustained buying by top holders may underpin a market reset and reduce volatility as selling pressure eases.