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Bitcoin Whales Accumulate $2.6 Billion in BTC, Bullish Signs Emerge

Coin WorldWednesday, Feb 19, 2025 5:22 pm ET

1min read

Bitcoin whales have been on a buying spree, accumulating over 28,000 BTC, worth approximately $2.6 billion, according to crypto analytics firm CryptoQuant. These large players, including over-the-counter (OTC) trading desks, major institutional investors, and long-term holders, have been scooping up the premier digital currency, taking it off the market and potentially affecting future price pressure.

This accumulation trend is bullish for Bitcoin, as these addresses are not associated with spot cryptocurrency exchange accounts, indicating long-term holding strategies. The recent price stagnation of Bitcoin, which has been trading within a relatively narrow range of $93k-$106k for the past three to four months, has frustrated some investors. However, the largest cryptocurrency by market capitalization has managed to shake off negative market pressure, unlike the American stock market, which has been under significant pressure due to the surprise arrival of the Chinese AI chatbot Deepseek.

The future outlook for Bitcoin is positive, with strong buy forces and supportive on-chain data suggesting a potential resumption of the bull market. However, evolving factors such as the feared USA-China trade war and under-pressure AI investments may delay the continuation of the bull market. A major market opportunity may arise in the second quarter of 2025, with a probable peak emerging in the fourth quarter of the same year. Big news regarding Donald Trump's campaign promise of a Bitcoin strategic reserve could provide the spark needed to reignite the market.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.