financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Bitcoin Whales Are Buying the Dip, Accumulating Over 200K BTC in a Month
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bitcoin Whales Are Buying the Dip, Accumulating Over 200K BTC in a Month
Mar 19, 2025 8:12 AM

Over the past few weeks, bitcoin (BTC), the leading cryptocurrency by market capitalization, experienced a significant price drawback. It dropped from around $99,000 to as low as $77,000.

Despite this price slump, whales have increased their BTC stash by accumulating large quantities of the apex crypto asset. On-chain data from the blockchain analytics platform CryptoQuant shows that these high-net-worth holders have bought over 200,000 BTC this month alone.

Bitcoin Whales Bought Over 200K BTC

The CryptoQuant report focused on high-net-worth bitcoin holders whose addresses have held a minimum of 1,000 BTC for less than six months. These entities likely include deep-pocketed individuals and institutions.

Since November 2024, these whale wallets have bought over 1 million BTC. The fact that these new whales accumulated this much BTC within a few months shows their bullish stance on the leading crypto asset with its recent price levels.

Donald Trump’s emergence as the United States president is a significant catalyst that likely urged these whales to show interest in the leading cryptocurrency. Recall that Trump’s election victory was also announced in November 2024, the same month these whales began stacking BTC. Since his inauguration, the U.S. president has proved faithful to his campaign promises of bringing bitcoin to the country’s forefront.

The influx of fresh capital into BTC could set a strong support level for the leading crypto asset should it soar above its current levels to new heights. The CryptoQuant analyst believes that bitcoin may reach its all-time high of $109,100 and potentially soar above it if the ongoing accumulation trend continues.

Aside from these whales, other long-term bitcoin holders have continued accumulating BTC. Some include Strategy (formerly MicroStrategy), Metaplanet, and El Salvador.

A Bullish or Bearish Move?

While the ongoing BTC accumulation trend may seem bullish for the apex crypto asset and the broader market, on-chain data from IntoTheBlock says otherwise.

The blockchain analytics platform explained in a recent tweet a rise in BTC acquisitions from long-term holders is a practice that occurs during the bear market. While cautioning that this signal is not always reliable, IntoTheBlock hinted that users consider the possibility of a bearish sentiment.

Other market experts, like the CryptoQuant founder, also suggest that the bull cycle may be over. Meanwhile, BTC sold for $83,500 at the time of writing.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dow and Nasdaq 100 rise but Nikkei 225 hits a speed bump
Dow and Nasdaq 100 rise but Nikkei 225 hits a speed bump
Apr 30, 2024
Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts ​​​Dow back above 100-day moving average ​The index continues to recover from last week’s low and managed to move above Friday’s high in Monday’s trading. ​Additional gains target last week’s high around 38,600, and then on to the 50-day simple moving average (SMA), currently 38,780. Beyond this lies 39,000, and then...
Disappointing Launch Day for Hong Kong’s Bitcoin, Ethereum ETFs as BTC Slumps Below $61K
Disappointing Launch Day for Hong Kong’s Bitcoin, Ethereum ETFs as BTC Slumps Below $61K
Apr 30, 2024
Hong Kongs debut of six new spot Bitcoin and Ethereum exchange-traded funds (ETFs) marked a trading volume of HK$87.5 million ($11.2 million). This volume was significantly below the inaugural trading of 11 spot Bitcoin ETFs in the U.S., which achieved a staggering $4.6 billion. Meanwhile, bitcoins price dumped below $61,000, having experienced a 2.3% decline within the last 24 hours...
Cardano (ADA) Whale Activity Explodes to Level Not Seen Since Nov 2023
Cardano (ADA) Whale Activity Explodes to Level Not Seen Since Nov 2023
Apr 30, 2024
Cardano (ADA) witnessed a significant surge in whale transactions exceeding $100K on April 29th. The transactions on that day amounted to 1,776, marking the highest daily count since November 8th, 2023. Historically, such spikes in whale activity have correlated with potential price reversals, indicating possible shifts in market sentiment. However, this hasnt been the case so far as the market...
Aethir and Magic Eden Join Forces to Boost Web 3.0 Gaming
Aethir and Magic Eden Join Forces to Boost Web 3.0 Gaming
Apr 30, 2024
Aethir a distributed GPU cloud computing platform has announced teaming up with NFT giant Magic Eden to boost Web 3.0 gaming on a massive scale. The aim is to create a unified Web 3.0 gaming ecosystem by utilizing Aethir’s enterprise-grade GPU infrastructure and Magic Eden’s NFT platform. The latest initiative will also enable Magic Eden’s gaming partners to have access...
Copyright 2023-2025 - www.financetom.com All Rights Reserved