Bitcoin Whales Keep Buying as Market Sends Mixed Signals

Despite Bitcoin’s price struggles, large investors have continued to accumulate, adding over 65,000 BTC in the past month.

This steady buying comes even as the market faces corrections, suggesting confidence among major holders.

On-chain data shows that whales—excluding exchanges and miners—have been increasing their holdings since February, following a pattern similar to late 2023, when sustained accumulation helped stabilize the market.

Unlike short-term buying spurts that lead to quick sell-offs, this trend indicates a consistent withdrawal of BTC from circulation, which could shape future price movements.

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Another key factor is the Coinbase premium, which measures Bitcoin’s price difference between Coinbase and other exchanges. Despite Bitcoin’s declining price, this premium has been forming higher lows, signaling ongoing institutional interest.

Analysts believe this could indicate long-term bullish sentiment, but caution that macroeconomic conditions and liquidity constraints remain influential.

While the market lacks a clear trend—neither confirming a bearish phase nor signaling an imminent recovery—experts warn against overreacting to short-term fluctuations. The conflicting signals make it difficult to predict Bitcoin’s next move, leaving investors in a wait-and-see mode.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.