The return of familiar patterns in the Bitcoin market is intriguing. Whales, the big players holding between 1,000 and 10,000 BTC, are starting to accumulate massively again despite high volatility.
Whales and Their Market Role
In March 2020, while the market was collapsing due to the pandemic shock, whales took advantage of the panic to strengthen their positions. A few months later, Bitcoin's price embarked on one of the most powerful rallies in history. Five years later, the scenario seems to be repeating itself. After a brutal correction to $81,222, Bitcoin's dominance fell to 58.8%. According to CryptoQuant, this behavior is typical in the early phases of a bullish cycle.
Technical Indicators and Forecasts
From a technical standpoint, the $84,000 threshold stands out as a major pivot. A sustained break of this level could propel Bitcoin towards $88,000. However, the macroeconomic environment remains uncertain. Speeches from Jerome Powell, employment announcements, and tariff tensions - any exogenous signal could slow down or catalyze this momentum.
Bitcoin's Cyclical Nature
The parallel with 2020 does not stop at behavioral analysis; it fits into a cycle logic where each phase of consolidation precedes an expansion. Five years ago, Bitcoin reached its ATH in 2020, surpassing $20,000. If we apply a similar cyclical logic, crossing a new ATH in 2025 could happen as early as June.
The movements of the whales remind us that Bitcoin cycles often obey a repetitive logic. Their strategic accumulation sends a strong signal: the market could be on the brink of a new bullish phase.
