Bitcoin News Today: Bitcoin Whales Re-enter Market as Price Nears $120,000 with $20B in Gains

Bitcoin’s large investors, often known as “whales,” are poised to re-enter the market amid signs of potential price dips, according to recent on-chain activity and market analysis. With Bitcoin currently trading at $118,000, whales who accumulated BTC at average prices between $45,000 and $59,000 are realizing return on investment (ROI) of between 100% and 162%. This means the current price is approximately two to two-and-a-half times higher than their entry points, translating to roughly $20 billion in unrealized gains [1].

While some whales may have already taken partial profits, their remaining positions represent a substantial buffer, giving them the financial flexibility to re-enter the market during corrections. The potential for further price volatility remains high, and a deeper market dip could trigger aggressive buybacks from these well-capitalized players. In fact, whale buying during dips has historically acted as a stabilizing force, often leading to quick recoveries and signaling the establishment of new support levels [2].

Recent on-chain data reveals a mixed picture of whale activity. Over the past two weeks, more than 90,000 BTC from early holders has re-entered the market, including transactions from prominent entities like Galaxy Digital [3]. At the same time, others are accumulating aggressively. One major whale, for instance, purchased 10,141 BTC—worth about $1.19 billion—in just nine hours, signaling strong bullish sentiment and viewing current prices as attractive entry points [4].

The Bitcoin MVRV (Market Value to Realized Value) ratio has also recently indicated a more “balanced” price level, suggesting that whales holding between 10–10,000 BTC have accumulated over 218,000 BTC since March. This continued accumulation highlights their long-term confidence in Bitcoin despite near-term uncertainties [2].

However, the market has seen a 3.8% drop recently, reflecting a lack of consensus among large investors about Bitcoin’s direction. While some are cashing out after years of holding, others are building positions, leading to a fragmented and unpredictable trading environment [3]. This divergence in whale behavior complicates market predictions, as it remains unclear whether the current accumulation will translate into a price rally or if selling pressure will dominate in the near term.

Analysts have noted that whale activity often precedes major market shifts. If Bitcoin drops closer to or below $100,000, large investors may re-enter with significant buy orders, potentially creating a new support zone and limiting downside risk. Retail investors are advised to closely monitor on-chain metrics such as wallet activity, exchange inflows, and large transactions to gauge the next major move [1].

In summary, the recent actions of Bitcoin whales indicate a dynamic and evolving market. The tug-of-war between accumulation and distribution continues, with whales re-entering the market at discounted levels while others reduce exposure. As Bitcoin navigates these mixed signals, the focus remains on whether whale buying can drive a meaningful price recovery or if broader macroeconomic factors and regulatory developments will shape its near-term trajectory [4].

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Source:

[1] https://coinmarketcap.com/community/articles/688b31a232fd41286026cd56/

[2] https://blockchain.news/flashnews/bitcoin-whale-accumulates-10-141-btc-1-19b-in-9-hours-major-on-chain-move-signals-market-impact

[3] https://thecurrencyanalytics.com/altcoins/crypto-market-dips-3-8-as-whales-diverge-on-buy-vs-sell-strategy-188007

[4] https://coinedition.com/bitcoin-whales-are-buying-the-dip-rally-imminent-hopes/