Whales Accumulate 81,338 BTC, Retail Sells 0.60%

Whale wallets have been actively accumulating Bitcoin, scooping up 81,338 BTC over the past six weeks, which represents a 0.61% increase in their holdings. This accumulation comes at a time when smaller wallets, often associated with retail investors, have been selling off their holdings, reducing their total assets by 0.60%. This divergence in behavior suggests a strategic shift in the market, with whales taking advantage of retail panic selling to accumulate more Bitcoin.

Historically, such trends have preceded price rallies, particularly when retail panic creates temporary selling pressure. This current phase may mark a strategic accumulation zone for whales, who are likely positioning themselves for future price increases. The behavior of large holders indicates strong conviction in the long-term value of Bitcoin, as evidenced by the significant outflows from exchanges. Outflows surged by 182.36% while inflows only grew by 26.15% in seven days, showing that more investors are pulling BTC off exchanges for long-term storage. This trend implies fading near-term selling pressure, supporting a bullish case for Bitcoin.

Bitcoin’s Market Value to Realized Value (MVRV) Z-score currently sits at 2.42, indicating that investors remain in moderate profit but not at extreme risk levels. This ratio does not yet show overheating, meaning the market can still sustain gains. Historically, MVRV levels above 3.5 signal euphoria, but Bitcoin remains below that threshold. Consequently, investors may continue holding rather than taking profits, favoring continued upward momentum. This condition supports the idea that the market is in a phase of strategic accumulation, with whales and long-term investors positioning themselves for future gains.

Post-halving, Bitcoin’s Stock-to-Flow (S2F) ratio has skyrocketed to 669.72, reflecting serious supply constraints. High S2F readings often indicate long-term value growth, especially when demand rises alongside supply constraints. This signal strengthens the bullish outlook for Bitcoin, as long-term investors may view current prices as undervalued based on future supply dynamics. Historically, post-halving cycles align with major rallies due to supply shocks, and this recent spike mirrors similar setups seen before past breakouts.

Bitcoin’s Network Value to Transactions (NVT) Ratio has climbed to 380.12, among the year’s highest readings. This reading shows that the price is rising faster than the transaction volume. High NVT values often warn of overvaluation, especially when network activity slows. However, early-stage rallies can also show this pattern. While caution is warranted, there’s no reason for immediate alarm. The current market conditions suggest that Bitcoin could be preparing for its next move higher, assuming support at $93K holds. Based on current data, whales remain in control of the narrative, positioning themselves for potential future gains.