Bitcoin whales accumulate $11 billion in two weeks

[Forsyth Jones]

According to Glassnode in its post on X, over the past two weeks (March), whales have bought around 129,000 BTC for $11.2 billion.

This is the most significant purchase since August 2024, signaling enormous confidence. Is this just a conviction buy or do they know something more?

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

For example, it's common for Bitcoin to be dropping or falling significantly exactly when I need it the most hehe.

How are you feeling about the market, does this change anything for you?

[TomPluz]

This is the most significant purchase since August 2024, signaling enormous confidence. Is this just a conviction buy or do they know something more?

This can be a big force for the Bitcoin market for weeks to come so that we can be able to see BTC go beyond the $90K zone by April as I am tired of waiting and waiting for me to let go of my little hoard. Now, do these whales know something? Maybe they do or maybe they are just also speculating based on some parameters they used for the last many years. Whales can be right or they can be wrong. The most important thing is that with this infusion of confidence there can be more energy thrown to Bitcoin to resist going down the $85K level.

[bitterguy28]

According to Glassnode in its post on X, over the past two weeks (March), whales have bought around 129,000 BTC for $11.2 billion.

This is the most significant purchase since August 2024, signaling enormous confidence. Is this just a conviction buy or do they know something more?

what they know is what most of us also know and that is the price of bitcoin has declined these past few weeks and if there is any opportunity to buy bitcoin at a cheap price then there is no better opportunity than this

How are you feeling about the market, does this change anything for you?

i already am holding bitcoin right now and i was pretty happy with the price i bought it for so now i am just looking if it could go to 100k again and if it does then i will definitely sell some of my bitcoins to take profit at that time before it declines again

[Brijesh]

Frow last few weeks bitcoin got dip and again bounce back to 88k, whales are accumulate bitcoin and we are retailers are selling because of some political drama like tariffs war, trumps new policy but big whales continue accumulate bitcoin it means soon bitcoin will hit new all time high again and retailer are dreaming again for 50k..but it Will never happen

[Jating]

According to Glassnode in its post on X, over the past two weeks (March), whales have bought around 129,000 BTC for $11.2 billion.

This is the most significant purchase since August 2024, signaling enormous confidence. Is this just a conviction buy or do they know something more?

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

For example, it's common for Bitcoin to be dropping or falling significantly exactly when I need it the most hehe.

How are you feeling about the market, does this change anything for you?

There is no secret here, the price is still very cheap and at a discount that's why this whales are taking advantage of the situation. Just imagine before the end of the year, when we had this parabolic rise, they could make a lot of money in the future by continue to accumulate at this point. As for those who are selling, yeah maybe they need money to pay their bills or for whatever reasons. But for those who have a lot of money, it's a easy decision to invest on Bitcoin alone and be assured of a profit. Of course the bigger profit is good, but it doesn't matter, as long as you will have a ROI then they are going to take it.

[Aanuoluwatofunmi]

For example, it's common for Bitcoin to be dropping or falling significantly exactly when I need it the most hehe.

How are you feeling about the market, does this change anything for you?

This changes nothing for me, because as we have some people investing, same also are some selling at their own capacity, each everyone of us are part of what constitute the market and make it more of being a volatile type, as some are there planning on accumulation, same we also have a number of those trying to sell and dump the market, all these are part of what we cant do without in crypto, this does not change anything regarding my take on the market, because i can always wait for the market in getting to where exactly i wanted it before investing.

[Crwth]

I don’t really see any changes with my stance with Bitcoin because I look forward to holding more. It is an opportunity to buy more or possibly profit from some of my bags. If it rises, then sell some but not all, and when it goes down, buy more of it. It’s DCA with profits in between.

I see that as positive news for Bitcoin's overall outlook.

[MrSpasybo]

According to Glassnode in its post on X, over the past two weeks (March), whales have bought around 129,000 BTC for $11.2 billion.

This is the most significant purchase since August 2024, signaling enormous confidence. Is this just a conviction buy or do they know something more?

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

For example, it's common for Bitcoin to be dropping or falling significantly exactly when I need it the most hehe.

How are you feeling about the market, does this change anything for you?

Yeah, I'm not surprised by this. We're not seeing an increase in sell volume, we're just seeing an increase in buy volume while the BTC price is under $100K. StrategyB and a lot of firms are taking advantage of the opportunity to buy BTC at a low price, there's no reason why whales would pass on this.

This is good news for the crypto market. Whales are still accumulating, which means they're staying in the market and planning to pump the price up high to take profits. We have more reasons to stay, keep DCA, and wait for the bullrun to explode this cycle.

[zeeMN]

And with the current market crashing happening, expect more cheap coins to be bought by the whales because it's such times they wait for a buffet to happen.

[Z-tight]

How are you feeling about the market, does this change anything for you?

It does not change much for me, i know that some people need news like this to boost their motivation to hold their BTC. However, i don't really mind and i wouldn't have found out about this information if you hadn't posted it, i don't follow data like this, but it is not a bad one though.

[yhiaali3]

I don't think there's anything new in the market, but given the low price of Bitcoin, this is a good opportunity for whales to boost their Bitcoin holdings. They do this all the time, and I don't think there's anything new.

I don't know if whales are something we don't know about, but regardless, buying these large quantities will inevitably lead to market growth. As is well known, the more demand or purchases there are, the higher the price will be. Therefore, even if nothing is on the horizon, buying these large quantities will lead to an improvement in the price and the whales' portfolios.

[slapper]

The whales show not only "confidence". While regular investors are caught in the short-term liquidity needs, Whales are playing the long game. Glassnode provided us with a behavioral map in addition to numerical data

It is hardly random that they stole 129,000 BTC, over 0.65% of the supply, just in a correction. This is exactly how power flows historically: the weak hands feed the strong. Looking back, whales bought the dips in June 2024, November, January, and now once more in March. If you are not emotionally tied, the pattern is clear. Glassnode also shows that the amount of exchange funds is the lowest it has been in seven years, which means that there is less money available. We might have a pump combining it with the approaching potential Bitcoin Act and the possibility of M2 expansion from both the US and China

So, do they know anything? Most likely not in the illegal Insider perspective. Still, they "see" more. Unlike most us retail traders, they have the capital, knowledge, patience, and less emotional ties.  If you’re asking if this changes how I feel? It reminds me not to allow volatility control my choices. When you need cash and BTC is underwater, it's annoying; but, the whales? Every time that occurs, they smile. Maybe we should also learn to as well

[Z-tight]

So, do they know anything? Most likely not in the illegal Insider perspective. Still, they "see" more. Unlike most us retail traders, they have the capital, knowledge, patience, and less emotional ties.

I think the only thing an institutional investor has more than most others in capital, i can agree on that. I don't really agree with the other things you listed, i.e. many institutional investors will prefer exposure to BTC through BTC etf's, now that does not show knowledge in how BTC ought to be used.

[Kemarit]

So, do they know anything? Most likely not in the illegal Insider perspective. Still, they "see" more. Unlike most us retail traders, they have the capital, knowledge, patience, and less emotional ties.

I think the only thing an institutional investor has more than most others in capital, i can agree on that. I don't really agree with the other things you listed, i.e. many institutional investors will prefer exposure to BTC through BTC etf's, now that does not show knowledge in how BTC ought to be used.

Yeah, it's more likely their exposure it in the ETF and not most of us have here, we buy and put it in our own wallet that we control and slowly accumulate. Maybe they are whales, but it doesn't change a thing for us. On other hand, we could say that we might be closer to adoption now as there are a lot getting into Bitcoin.

ETF's are good for investors who doesn't have the complication of holding their own Bitcoin. So it's a win-win for us and for those whales, prices soon are going to spike because of this.

[Bobcrypto]

Frow last few weeks bitcoin got dip and again bounce back to 88k, whales are accumulate bitcoin and we are retailers are selling because of some political drama like tariffs war, trumps new policy but big whales continue accumulate bitcoin it means soon bitcoin will hit new all time high again and retailer are dreaming again for 50k..but it Will never happen

Many big whales known the potential of bitcoin and they have massive capital to always control the market, hence they keep accumulating knowing fully well that their purchases will impact in due times. At some certain intervals, price will start up ward movements. The tariff war, Donald Trump"s policy are some of the factors that experienced whales and traders(speculators) apply as  strategies to add more Bitcoin to theirs holdings. I think that price dip is a good opportunity to buy more Bitcoin and some notable altcoins.