The number of Bitcoin wallets with balances between 1,000 and 10,000 BTC has reached its highest since December 2024, indicating increased activity among large investors amid price fluctuations.
Whale Accumulation on Multi-month High
According to Santiment, the rise in whale wallets is seen as a sign of growing confidence from institutional investors and high-net-worth individuals. These large holders have increased by 2.6% over the past five weeks. Despite volatility, Bitcoin shows limited upside momentum, trading at $83,770, up 1.9% in the last 24 hours.
Short-Term Holders Show Signs of Distress
Short-term holders are showing signs of distress according to CryptoQuant's analysis. The analyst highlights the SOPR dropping below 1.0, signaling capitulation among short-term holders, often leading to short-term price declines.
Potential for Bitcoin Growth
Bitcoin may be poised for growth according to Bitwise CIO Matt Hougan, who highlights several factors driving the cryptocurrency's price trajectory in 2025. These include a bullish falling flag pattern, Trump's tariff pivot in March, and the resurgence of spot Bitcoin ETFs. Additionally, positive social sentiment and plans from the White House to buy digital assets support the price.
The rise in whale wallets may indicate potential positive shifts in the Bitcoin market, despite ongoing strain among short-term holders.
