Bitcoin Whales Continue Accumulation Amid Price Changes

Bitcoin whales, including Microstrategy, are accumulating BTC despite price volatility. Market activity indicates sustained confidence from long-term holders, although analysts advise caution in interpreting demand trends. Notable shifts in ownership trends showcase increasing accumulation by Hodlers, while Cruisers and Traders have decreased their holdings.

Bitcoin whales, or large holders, have been consistently accumulating Bitcoin despite fluctuations in price. Notably, Microstrategy continues its aggressive acquisition strategy, adding Bitcoin to its portfolio. While there are signs of recovery in BTC demand, analysts caution against assuming a definitive market shift is underway. As of Monday’s early trading, Bitcoin’s price rose by 0.9%, reaching just under $85,000 and pushing its market capitalisation above $1.68 trillion.

Despite recent price consolidation, large holders of Bitcoin remain active, suggesting substantial long-term confidence in the cryptocurrency. Bitcoin’s market dominance is pronounced, as it continues to outperform alternative coins (altcoins). Analysts are closely monitoring wallet activity and corporate purchasing strategies, as these are indicative of broader market patterns and investor sentiment in cryptocurrency.

Specifically, wallets containing between 1,000 to 10,000 BTC have exhibited a steady accumulation trend since 2024. This trend persisted through key corrective periods in Bitcoin’s price, including a decline to $60,000 in October 2024 and a drop below $80,000 in April 2025. During both market corrections, the total balance held by whales increased to 3.375 million BTC in October and 3.45 million BTC in early April.

Analyst Miles Deutscher highlighted that accumulation by whales began in March, continuing even during price declines. This contrasts with typical retail behaviour, where selling is more common during such corrections. A clear example of whale activity is Microstrategy, which reported acquiring an additional 3,459 Bitcoin from April 7 to April 13 for approximately $285.8 million. This purchase reinforces their commitment to Bitcoin despite market fluctuations.

Market demand for Bitcoin has shown signs of modest recovery, as noted by CryptoQuant. The observed demand has swung from deeply negative values to positive, but analysts suggest it may be premature to label this as the start of a new bullish phase. Historical patterns from 2021 indicate that similar demand fluctuations occurred during market tops, with meaningful recovery not materialising until much later.

While the recent demand bounce is notable, it is likely a pause rather than a solid indicator of sustained market recovery. Analysts recommend the need for time and further confirmation to determine whether this trend indicates a genuine accumulation phase.

Ownership trends observed by IntoTheBlock reflect a shift towards long-term confidence among Bitcoin holders. Data shows that individuals classified as ‘Hodlers’ (holding Bitcoin for over a year) have increased their ownership, rising by 1.61% since the year’s start. Conversely, ‘Cruisers’ (holding 1-12 months) and ‘Traders’ (holding less than 1 Bitcoin) have reduced their holdings by 1.85% and 9.82%, respectively, signalling that long-term investors are accumulating, while shorter-term traders may be stepping back from the market.

Disclaimer: This article conveys informative content regarding cryptocurrency investments, which carry inherent risks due to price volatility. Readers are advised to conduct thorough research or consult with a crypto expert before making investment decisions.