Bitcoin investors are actively purchasing the cryptocurrency, signaling strong confidence in its price. Sellers on Binance ease pressure, while technical analyses suggest a potential sharp price increase.
BTC Purchase of $5.3 Billion
Data from CryptoQuant indicates that over the last month, large investors have increased their Bitcoin holdings by $5.3 billion. Their total balance rose from 3.39 million BTC in early February to 3.46 million BTC by early March. This increase of more than 60,000 BTC shows that big players are betting on higher prices. Historically, whale accumulation signals market strength. Since these large investors began their purchasing, BTC price has exhibited positive movement, recovering from its $60,000 low point last October to over $100,000. The current buying speed of whales will create robust support levels that protect Bitcoin from significant price declines. Additionally, data from Lookonchain shows a whale invested 1.735 million USDC into Hyperliquid to establish a long position on BTC, demonstrating their expectation of Bitcoin’s upward movement.
Selling Pressure on Binance Eases
BTC price has been under pressure for months, largely due to whale selling on Binance. But that trend is shifting. According to CryptoQuant data, the exchange whale ratio, which measures the percentage of large inflows relative to total deposits, is declining. The token tends to experience significant price corrections when this ratio shows an upward trend. Last summer, Bitcoin price dropped from $70,000 to below $60,000 after the ratio reached its peak. A similar surge in early 2025 saw BTC price drop from its peak above $100,000 to its current value. The declining whale ratio indicates that whales are participating less in sales, which might reduce market pressure. The reduction in selling activity indicates Bitcoin may have ended its correction phase. The market could experience a rebound if whales who previously sold start buying again.
Strong Pattern Targets $350,000
Looking at price action, BTC price recently validated a powerful bullish trading pattern known as the Head & Shoulders formation, according to a post on X by Tardigrade. The technical pattern established in 2021 shows potential for a significant price increase toward $350,000 if it reaches its full development. His analysis shows that BTC price reached its peak at over $70,000 in 2021 before experiencing a significant decline that dropped it close to $15,500 in late 2023. After rebounding, Bitcoin reached above $60,000 during the early months of 2024 to establish the right shoulder of its pattern. Meanwhile, the price recently tested the $70,000 area support level, which holds as a vital confirmation step that typically indicates a breakout is imminent.
Current actions by major Bitcoin investors signal confidence in future price increases. Reduced selling pressure on Binance and technical analysis provide support for potential further price hikes. Attention will be focused on whale actions, as any changes in their strategy will influence market trends.
