Bitcoin Whales Accumulate 4.6% More BTC Amid Market Volatility

Bitcoin has experienced significant price fluctuations, dropping to the $74,000 threshold before briefly recovering to $78,000. Despite this volatility, large investors, or "whales," have maintained a strong bullish sentiment and continued to accumulate the asset. This buying pressure has pushed the Bitcoin Accumulation Trend Score to levels considered perfect, indicating a high level of confidence among large holders.

Glassnode, an on-chain data and financial platform, reported a significant interest in Bitcoin among large investors. Wallets holding more than 10,000 BTC have been actively acquiring the asset, driving the accumulation trend score above the 1.0 level. This level was maintained for 15 consecutive days, reflecting intense buying activity from these investors.

The accumulation trend score for holders between 1 to 100 BTC fell below the 0.2 level, indicating growing capitulation among smaller investors. This disparity between large and small investors has become increasingly noticeable. However, the accumulation trend score for 10,000+ BTC holders has eased down to 0.65, signaling steady accumulation. The distribution has become more intense from 1 BTC to 100 BTC holders, with all cohorts heading toward 0.1 and 0.2, displaying a clear and widening divergence between large and small holders.

Technical expert and trader Ali Martinez revealed that new large investors are entering the market. According to Martinez, about 76 new entities with more than 1,000 BTC have entered the network in the last two months, marking a 4.6% surge in BTC entities. This increase signals a rise in institutional demand for Bitcoin.

Despite the bearish pressure and market volatility, Bitcoin whales have demonstrated resilience and confidence in the asset's market dynamics. Their persistent accumulation and the entry of new large investors suggest a strong bullish sentiment among institutional players. This trend highlights the growing institutional interest in Bitcoin and its potential as a long-term investment.