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Bitcoin Whale Activity

Bitcoin Faces Volatility as Whale Holdings Drop to 2019 Lows, While Sharks Accumulate

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  • Bitcoin remains highly volatile, influenced by macroeconomic factors like regulations, interest rates, and liquidity shifts.
  • Whale holdings have dropped to their lowest levels since 2019, while mid-sized investors are aggressively accumulating.
  • BTC is testing key support around $85K–$86K, with the 200-day SMA at $81.5K acting as a crucial level.

Bitcoin (BTC) remains highly volatile, reacting sharply to macroeconomic shifts and market sentiment. After facing significant price swings, BTC is currently under downward pressure, experiencing a notable decline. Several external factors, including regulatory developments, interest rate expectations, and liquidity shifts, continue to shape its trajectory.

Whale Holdings Hit Multi-Year Lows, But Sharks Are Stacking

On-chain data reveals a significant shift in Bitcoin ownership. Wallets holding over 1,000 BTC have been steadily declining, with their supply hitting the lowest level since 2019. Notably, many of these addresses were once linked to exchanges, and the persistent outflows over the past three years have contributed to this trend.

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Bitcoin Faces Volatility as Whale Holdings Drop to 2019 Lows, While Sharks Accumulate 5

Meanwhile, wallets holding between 100 and 1,000 BTC, often associated with institutional players, miners, and funds, are aggressively accumulating. Historically, this segment of investors has played a critical role in Bitcoin’s price cycles. Back in April 2021, during one of Bitcoin’s major bull runs, these entities were among the strongest accumulators, signaling their impact on market movements.

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Bitcoin Faces Volatility as Whale Holdings Drop to 2019 Lows, While Sharks Accumulate 6

Smaller holders, wallets with less than 100 BTC, have historically responded to price fluctuations rather than driving them. Data shows they tend to sell during rallies rather than accumulate. This pattern was evident during the 2021 and 2024 bull markets, where retail investors distributed BTC as prices surged. Currently, these holders remain neutral, with a slight inclination toward accumulation.

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Bitcoin Faces Volatility as Whale Holdings Drop to 2019 Lows, While Sharks Accumulate 7

Will BTC Hold Above $81.5K?

According to Coin Signals, Bitcoin has revisited the critical $85K–$86K support zone. This level aligns with the 200-day Exponential Moving Average (EMA) and a key trendline support, making it a crucial area to watch.

Additionally, the 200-day Simple Moving Average (SMA) sits around $81.5K, which coincides with a previous SBR (Support-Becomes-Resistance) FOMO correction low. If BTC maintains support above these levels, a potential bounce could be on the horizon. However, a breakdown below could signal prolonged consolidation or further downside.

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Bitcoin Faces Volatility as Whale Holdings Drop to 2019 Lows, While Sharks Accumulate 8

As market dynamics continue to shift, all eyes remain on Bitcoin’s ability to defend these critical levels. With whales reducing their holdings and mid-sized investors accumulating, the next major move could be driven by institutional sentiment and broader macroeconomic factors.

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Bitcoin Holds Strong Above Key Support as Whales Accumulate, Is a New Rally Ahead?

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  • Bitcoin remains above the crucial $96,000 support despite recent volatility.
  • Whales are accumulating, indicating confidence in a potential rebound.
  • U.S. tariffs and global trade tensions contribute to market uncertainty.
  • Analysts predict a possible breakout to a new all-time high by late February or early March.

Bitcoin (BTC) is holding firm above a crucial support level despite recent market turbulence, signaling potential for its next major move. After facing increased volatility and a sharp decline, BTC has dropped 2.44% over the past week. However, despite this setback, large investors are accumulating BTC, reinforcing bullish sentiment in the market.

Macroeconomic Pressures Weigh on Bitcoin

The recent Bitcoin price decline is largely attributed to macroeconomic developments, particularly the new tariffs imposed by U.S. President Donald Trump on February 1. The executive order introduced:

  • 25% tariffs on imports from Canada and Mexico,
  • 10% tariffs on Canadian energy and oil,
  • 10% tariffs on Chinese imports.

These aggressive trade measures triggered retaliatory tariffs from Canada and Mexico, escalating economic tensions and impacting financial markets, including cryptocurrencies. The uncertainty surrounding global trade has contributed to risk-off sentiment among investors, leading to Bitcoin’s recent price correction.

Despite external pressures, Bitcoin is maintaining its strength. At the time of writing, BTC is trading at $96,424, with a 24-hour trading volume of $28.19 billion and a market capitalization of $1.91 trillion. The price has increased 0.44% in the last 24 hours, suggesting that BTC could be stabilizing.

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Bitcoin Holds Strong Above Key Support as Whales Accumulate, Is a New Rally Ahead? 12

Whales Are Buying, A Bullish Signal for Bitcoin

One of the most bullish signals in the market is the aggressive accumulation of BTC by whales. Large investors have been increasing their holdings, indicating confidence in an impending recovery. This accumulation phase often precedes strong upward moves, as supply tightens and buying pressure increases.

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Source: CryptoQuant

Prominent crypto figure Captain Faibik emphasized that Bitcoin’s Ascending Broadening Wedge pattern remains intact on the daily timeframe. He highlighted that BTC’s ability to hold above the critical $96,000 support level is a positive sign, suggesting a potential bounce from this range. His outlook remains bullish, predicting that BTC could reach a new all-time high (ATH) by late February or early March.

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Bitcoin Holds Strong Above Key Support as Whales Accumulate, Is a New Rally Ahead? 13

What’s Next for Bitcoin?

With institutional demand rising and whales accumulating, Bitcoin’s next move could be decisive. If BTC successfully bounces from its current support level, it may regain momentum for a strong bullish run. However, continued macroeconomic pressures could keep the market volatile in the short term.

For now, traders are closely watching Bitcoin’s $96,000 support zone, as a firm hold above this level could pave the way for a new rally. Will BTC reclaim its bullish momentum and set a fresh all-time high? The coming weeks could be crucial in determining the next major market move.

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Bitcoin Whale Activity Declines Sharply: What It Means for the Crypto Market?

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Blockchain analytics firm Santiment has revealed that whale transaction volumes have dropped sharply across top cryptocurrencies including Bitcoin and Ethereum. The decline in large transactions, especially those in excess of $100,000, could be attributed to a shift in the behavior of some of the largest owners of these assets, and the potential consequences for the market are uncertain.

According to platform findings, the highest whale activity was observed in the period from March 13 to March 19, 2024, when 115.1K transactions of over $100,000 were made. But by the week of August 21-27, this figure had almost reduced to half to only 60.2K transactions. This was also the same with Ethereum since its high value transactions also spiked at 115.1K during the same week in March but then dropping down to 31.8K by late August.

Bitcoin Whale Shift Signals Change

This decline in Bitcoin whale transactions is interesting, since such transactions are typically large and may signal market sentiment and possible future price action. Nonetheless, Santiment noted that one should not make conclusions based on such data.

The reduced Bitcoin whale activity may not mean that the large holders are selling their assets or that the market is at a decline. Major addresses are most active during periods of increased volatility, and the current period of relative calm may well be a calm before a storm.

Also, as the transaction volume decreased, platform data shows that whales have kept on accumulating. This implies that although the overall number of large transactions has reduced, the key players continue to engage themselves in the market with the view of possibly taking advantage of future price fluctuations.

Whales are important to monitor for investors as they can influence the market trend due to their huge trades. The decrease in the $100,000+ transactions could be an indication that the market isBalancer or this is the quiet before the storm. In any case, the on-going accumulation by these large holders suggests that they are willing to hold onto these assets in the long run.

Looking forward to the future of the cryptocurrency market, the actions of whales will still be one of the main points to focus on. Investors could have a better understanding of the market sentiment and potentially make better decisions in the next few months.