The post Big Whales And Sharks Rebuilding Positions, Time to Buy Bitcoin? appeared on BitcoinEthereumNews.com.

Bitcoin has been struggling near $82,000 after fresh daily decline of over 4%. While retail investors continue to panic amid recent market turbulence, big players are positioning themselves strategically, potentially signaling what’s next for crypto. In fact, Santiment revealed that Bitcoin’s whale and shark wallets have undergone several pivotal shifts over the past six months which indicates a major influence over the market’s direction. A Market Turning Point? According to data compiled by the crypto analytic platform, wallets holding 10 or more BTC began accumulating heavily around October 12, coinciding with the start of Bitcoin’s latest bull rally. This trend continued until late December when activity paused during the holiday dip. However, accumulation resumed strongly on January 12, about a week before Bitcoin reached an all-time high of $109,000 – suggesting these large holders anticipated the rally’s peak. Notably, from mid-February, whales and sharks began to offload their holdings, a move that aligned closely with a broader market downturn, which caused Bitcoin’s price to decline as retail traders were initially encouraged by temporary bounces. But the latest data indicates a renewed accumulation phase. Since March 3, these key players have collectively added approximately 4,846 BTC back into their wallets. This trend was observed even as retail sentiment remains highly bearish. However, the significant re-accumulation has yet to impact Bitcoin’s price visibly, but if history serves as a guide, such moves by whales and sharks often precede major market shifts. If accumulation continues, Santiment stated that the second half of March could see a meaningful recovery, potentially reversing the recent “bloodbath” following Bitcoin’s all-time high seven weeks prior. What’s Next For Bitcoin QCP Capital noted that Bitcoin’s $80,000 level is holding as key support for now, but prices may struggle to move higher in the short term since the hype around…

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Filed under: News - @ March 10, 2025 6:27 pm