Bitcoin’s price has been a rollercoaster lately, dipping down to around $74,000 before briefly recovering to $78,000. Despite this volatility, some big players are showing unwavering confidence.
Whale Watching: Massive Buying Spree
While smaller investors might be panicking, the “whales”—those holding 10,000+ Bitcoin—are buying up the dip. This persistent accumulation is a strong bullish signal.
Data from Glassnode shows these whales have pushed the Bitcoin Accumulation Trend Score to a “perfect” level. This score measures how consistently large holders are buying, and hitting “perfect” means intense buying for 15 straight days! It took less than a week to reach this level after a recent dip, highlighting the whales’ confidence.
The contrast is striking. While the whales were scoring “perfect,” smaller holders (1-100 BTC) were capitulating, meaning they were selling off their Bitcoin. This shows a huge gap between the strategies of big and small investors. The score for whales has since dropped slightly to 0.65, still indicating steady accumulation. Smaller holders are also accumulating, but at a much lower rate.
New Whales Arrive
It’s not just the existing whales; new big players are joining the party. Analyst Ali Martinez noted a recent influx of around 76 new entities holding over 1,000 BTC each. That’s a 4.6% increase in large holders, suggesting growing institutional interest in Bitcoin.
