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Bitcoin whales are back – could it be the catalyst for the next rally?

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Bitcoin (BTC) continues to negotiate below the psychological level of $ 90,000, with its price at $ 82,346. This marks a drop of 24.3% compared to its level of all time more than $ 109,000 recorded in January.

Despite this downward trend, new data on the chain suggest that an increase in investors with high shuttle, or “new whales”, has accumulated Aggressively BTC, which could have significant implications for market trajectory.

According to cryptocurrency analyst, OneChaind, a separate group of Bitcoin holders with at least 1,000 BTC – acquired in the past six months – has been actively accumulation.

This trend, which began in November 2024, has accelerated considerably in recent weeks, these new whales amassing more than a million BTC in total and adding more than 200,000 BTC this month.

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Accumulation of new whales market market

Onchained’s analysis stresses that this unprecedented accumulation trend indicates strong confidence in the long -term perspectives of Bitcoin. The rapid expansion of new whale participations suggests that institutional investors or high individuals are Increase their exposure in Bitcoin.

Bitcoin Supply run by New VS Old Whals
Bitcoin Supply owned by New VS Old Whales. | Source: cryptocurrency

The data also reveal that the majority of these newly acquired assets are kept for short periods (less than six months), strengthening the idea that investors see the value Current price levels And are ready to hold despite market fluctuations.

If this accumulation trend continues, it could serve as a strong support mechanism for the Bitcoin price in the coming months. Onchained also hypothesized that Bitcoin could Revisit its summit of all time And potentially exceed it, mentioning possible price targets of $ 150,000, even $ 160,000.

However, market conditions, liquidity and feeling of investors will play a crucial role in determining the sustainability of this trend.

Is Bitcoin’s request weakening?

While the accumulation of whales suggests a strong long -term conviction, another cryptocurrency analyst, Bilalhuseynov, stressed potential concerns At the request for a Bitcoin request.

Her analysis shows that Bitcoin saw peaks of request in March and December 2024, marking the first time that two peaks of request occurred in close inheritance. However, after the peak of March, a significant drop in demand was observed.

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Bilalhuseynov compared the current trend to previous market cycles, in particular the 2017-2018 period, when the peaks of the moment were followed by price fluctuations and a gradual drop in demand.

While factors such as market size, negotiation volume and liquidity have changed considerably since then, the current trend suggests that Bitcoin The request can softenThis could have an impact on short -term price movements.

Bitcoin (BTC) Price board on tradingView
The price of the BTC moves down the graph of 2 hours. Source: BTC / USDT on TradingView.com

Function image created with Dall-E, tradingView graphic



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