The post Bitcoin Whales Accumulate Over 30,000 BTC In 2 Weeks – Sign Of A Coming Impulse? appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is currently trading below the $87,000 level, struggling to find momentum as bearish pressure and market volatility continue to create uncertainty. Despite attempts to stabilize, BTC remains under pressure, with traders looking for signs of a potential trend reversal or deeper correction. On Thursday, US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve, a move that many believed would boost market confidence. However, Bitcoin fell after the announcement as the executive order failed to meet investor expectations, leading to further sell-offs and volatility. The market reaction suggests that traders were expecting more clarity on how the US government plans to manage and utilize the reserve. Despite the price drop, key on-chain data from Santiment reveals that whales have accumulated over 30,000 Bitcoin in the past two weeks, signaling a strong buying trend. This suggests that large investors are positioning themselves for a potential market shift, even as BTC struggles in the short term. Bitcoin Fundamentals Differ From Market Sentiment Bitcoin is struggling to reclaim the $90,000 mark but continues to hold firm above $85,000, a critical support level that could serve as a definitive point of inflection if bulls fail to defend it. With market sentiment still bearish, BTC remains under pressure, unable to generate the momentum needed for a decisive breakout. The decline in cryptocurrencies has mirrored the downtrend in U.S. stock markets as investors react to fears of a widening global trade war. Macroeconomic uncertainty, combined with ongoing regulatory concerns, has kept risk assets, including Bitcoin, in a volatile state. However, this turbulence could fade if upcoming developments, such as tax cuts and regulatory clarity, provide benefits for investors. These factors could serve as catalysts for renewed confidence in both…

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Filed under: News - @ March 8, 2025 7:18 pm