Bitcoin Whales Accumulate $408M Amid Market Uncertainty

The number of Bitcoin (BTC) whale wallets holding at least 10,000 BTC has been steadily increasing, according to leading on-chain analytics provider Glassdoor. This trend signals amplified conviction in the largest cryptocurrency, even as the broader crypto market faces prolonged drawdowns and uncertainties in 2025. Major investors and market participants appear to be positioning themselves for a future Bitcoin rally, possibly anticipating favorable macroeconomic conditions and other upcoming catalysts.

Over the past half-year, Bitcoin whales and sharks have undergone several major transformations. They started accumulating large amounts of Bitcoin, then paused their accumulation, and finally dumped it. The most recent sales took place between the middle of February and March. As March began, these whales with a minimum of 10 BTC in their wallets resumed buying Bitcoin and have accumulated 5,000 BTC already. This amount of the leading cryptocurrency is valued at $408,010,750 at press time. So far, the Bitcoin price has not reacted to this massive accumulation. However, the Santiment team believes that the situation may change in the second half of March and play out “much better than the bloodbath we've seen since Bitcoin's ATH 7 weeks ago.” That is if these large whales continue to buy Bitcoin, the tweet stated.

Institutions continue to increase their Bitcoin holdings, indicating a growing interest in the cryptocurrency despite market uncertainties. The market mostly treats Bitcoin as a risk-on asset, and some experts liken it to the Nasdaq 100 peak in the early 2000s, when it reached an all-time high of 5,000 points at the peak of the dot-com bubble and then crashed by 80%. Some analysts predict that Bitcoin is likely to face a similar fate this year and crash after reaching a peak of $100,000. However, these predictions are based on historical market behavior and do not guarantee future outcomes.