Bitcoin whales accumulate $11 billion in two weeks

[Baofeng]

Do you think they are stockpiling for a price explosion?

We have been below 100K for a long time, BTC failed to break the 100k region (maximum of 108K) at first, so investors, whales and miners chose to take profits, we also had Trump's tariffs that caused panic in the market, maybe it's time for a turnaround.

We've seen some big movement for this week as we reach $94k already. As for the tariffs, the effect has slow down a bit as investors are pouring their money on Bitcoin once again, causing it to have like a mini run.

But definitely our target is $100k, so we need to get that back so that we will be somewhat assured that a imminent bull run is still going to happen at the end of the year.

[Forsyth Jones]

Do you think they are stockpiling for a price explosion?

We have been below 100K for a long time, BTC failed to break the 100k region (maximum of 108K) at first, so investors, whales and miners chose to take profits, we also had Trump's tariffs that caused panic in the market, maybe it's time for a turnaround.

We've seen some big movement for this week as we reach $94k already. As for the tariffs, the effect has slow down a bit as investors are pouring their money on Bitcoin once again, causing it to have like a mini run.

But definitely our target is $100k, so we need to get that back so that we will be somewhat assured that a imminent bull run is still going to happen at the end of the year.

Yes, BTC should stay above 100K for psychological validation that we are still on the rise towards the all-time high.

I can't wait to open my long again(on 4x leverage), but I'm worried, the RSI on H4 is in the overbought region, and most of the time, the price corrects to balance things out. The same goes for the daily chart.

Those who accumulated BTC in the region below 85K and are still holding it are certainly happier.

[bitterguy28]

Yes, BTC should stay above 100K for psychological validation that we are still on the rise towards the all-time high.

to be fair even now people are getting excited and starting to become hopeful again that bitcoin is gonna reach another all time high but the truth is until bitcoin reaches another ath, anything is still possible so even if bitcoin reached $99k we still can't be completely sure if bitcoin will actually go beyond $100k though it certainly increases the chances

Those who accumulated BTC in the region below 85K and are still holding it are certainly happier.

i am one of those but of course i am still holding out to see if bitcoin can go higher there already is profit but it will be good if we can maximize the profit

[Kemarit]

Yes, BTC should stay above 100K for psychological validation that we are still on the rise towards the all-time high.

to be fair even now people are getting excited and starting to become hopeful again that bitcoin is gonna reach another all time high but the truth is until bitcoin reaches another ath, anything is still possible so even if bitcoin reached $99k we still can't be completely sure if bitcoin will actually go beyond $100k though it certainly increases the chances

Those who accumulated BTC in the region below 85K and are still holding it are certainly happier.

i am one of those but of course i am still holding out to see if bitcoin can go higher there already is profit but it will be good if we can maximize the profit

We will have to see $100,000 first, for now we all love to see that price and again, the barrier to break and seeing the movement of the price in the last couple of days, we're all hoping that it's possible to see that price again.

Definitely, everyone is going to be happy, specially those who buy at $76,000. Or maybe they have sold some when it the price reaches $95,000? Anyway, still good to just continue to hold and see if we can get back to 6 digits again.

[Forsyth Jones]

i am one of those but of course i am still holding out to see if bitcoin can go higher there already is profit but it will be good if we can maximize the profit

Definitely, everyone is going to be happy, specially those who buy at $76,000. Or maybe they have sold some when it the price reaches $95,000? Anyway, still good to just continue to hold and see if we can get back to 6 digits again.

I see that this upward leg has already lost strength and stalled at 95K, which could be a good temporary selling region. I wouldn't be surprised to see a retraction correction. I say this because the RSI on the daily chart and H4 are in the overbought region. From what I've observed, most of the time when it reaches such levels, I see the market correcting. But I don't see any possibility of canceling the recent rise. Speculating that we have already had enough time in correction.

Edit:

I just analyzed the chart and detected a bearish wedge, if confirmed, we could see a 40% retracement of the upward movement, also notice the RSI in which I traced an LTB, I only consider trend continuation if this LTB is broken... share your thoughts...

[babo]

it could be or it might not be
considering that the companies and firms and states that want to use bitcoin as a strategic reserve are increasing I would say that it is a temporary bearish phase of the mid-term price
long term the price is bound to rise because of those who want to hold a share

[Amug123]

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.

the recent whale accumulaton could indeed  be a significant force in the bitcoin market, potentially driving price movement  in the coming week, the influence   of whales accumulation could help Bitcoin resist falling below $85k level and any increase buying pressure from whales might shoot Bitcoin beyond the $90k zone.

[SPOON_MOJO]

Honestly ,This kind of whale movement always catches my attention since big money usually moves with a reason. It obviously indicates tremendous confidence and maybe they do know something that average investors dont I think it is very usual for people to sell when they need liquidity especially in challenging circumstances.  Personally I feel a bit more confident seeing whales buy so aggressively but I still stay careful because the market may be wild. I am keeping an eye on it but not making any significant movements yet What about you are you intending to buy more or simply watching

[Aanuoluwatofunmi]

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?

Sometimes all these are happening to make the market correction and it may also have a general approach whereby we see some new investors coming in while some are selling all happening at different pace, which is also why we are dealing with a volatile digital market and this will always continue, because in this will others have the required opportunity to buy as some are selling and the market remained volatile.

[Forsyth Jones]

The most talked about chart in recent months, especially during this correction, is the correlation of the Bitcoin chart with the M2 indicator, as shown in the image below. If BTC really follows the M2 pattern, it will target values ​​like US$220,000 by July... Will we have a golden vacation?

I honestly don't believe in it that much. I think the maximum value that BTC will reach in this cycle is US$120,000 - US$150,000

[taufik123]

The most talked about chart in recent months, especially during this correction, is the correlation of the Bitcoin chart with the M2 indicator, as shown in the image below. If BTC really follows the M2 pattern, it will target values ​​like US$220,000 by July... Will we have a golden vacation?

I honestly don't believe in it that much. I think the maximum value that BTC will reach in this cycle is US$120,000 - US$150,000

Of course it won't be that easy, on the chart you can see a GOD Candle that won't even happen so easily,
there will be some ups and downs and of course a lot of FUD will appear after the new ATH is reached.

But if we think positive $220k could happen but it will move slowly, maybe $120k-$150k should be reached first and stable at that price.

[philipma1957]

mining is growing a lot. highest difficulty ever a lot of miners going on line.

billions ready to squeeze out every coin they can.

[TomPluz]

From 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...

Such scenario really characterizes the big difference an ordinary small retail investors to a whale. I am not saying that there is something wrong with us but our thinking has become narrow-minded that we lost the long-term view while holding on to Bitcoin. The fruits or profits will really come later and that requires patience and time...not unless we think of the future our Bitcoin will just go to waste and gobbled by the whales. When whales accumulate that can be a big signal that we might expect some dramatic rebound happening for Bitcoin...and i am excited if it is possible we can do a new ATH this time around.

[Gposas]

From 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...

Such scenario really differentiates the big difference an ordinary small retail investors to a whale. I am not saying that there is something wrong with us but our thinking has become narrow-minded that we lost the long-term view while holding on to Bitcoin. The fruits or profits will really come later and that requires patience and time...not unless we think of the future our Bitcoin will just go to waste and gobbled by the whales.

Indeed the mindset of a whale is not to be compared to little investors in terms of purchase and profit making. A whale can make huge profit on short term as regards to their capital... But the petty investors needs to wait a longer time to meet bigger profit.

It is obvious that the Bigger your capital, the bigger your gain/profit.

Moreso, the news and speculations have little impacts on the mindset of a whale but it has a greater impact on the mindset of a petty investor causing the fear of wanting to sell fast so as to avoid to loss the little profit already obtained. And avoid having to wait rather they sell off take the little profit and go back to buy the dip again.