Bitcoin whales have once again begun accumulating BTC, shifting market dynamics. Recent events show their holdings stabilizing at 5.52 million BTC, signaling renewed confidence among large investors.
Whale Activity and Its Significance
In early 2024, Bitcoin's price climbed toward $70,000 while whale holdings remained stable. However, from May to October 2024, whales significantly reduced their positions, correlating with Bitcoin's decline below $60,000. By late 2024, selling pressure eased, and in early 2025, whales increased their holdings to 5.52 million BTC. This suggests renewed confidence among large investors.
Negative Coinbase Premium
A crucial market indicator was the negative Coinbase Premium Gap. In March 2025, Bitcoin traded below $84,000, indicating increased selling pressure. However, when the price rebounded above $85,000, the premium gap turned positive again, indicating rising demand.
Market Changes and Future Outlook
Despite a short-term rally to $88,000, Bitcoin soon fell back, suggesting a possible pause in large-scale accumulation. This trend may indicate shifts in local demand and investor sentiment.
The resumption of Bitcoin whale accumulation could significantly impact the market, highlighting current investor sentiment and potential changes in demand trends.
