Bitcoin Whale Balances Rise in March After Nearly a Year of Decline: What It Means
The post Bitcoin Whale Balances Rise in March After Nearly a Year of Decline: What It Means appeared on BitcoinEthereumNews.com.
Bitcoin whales have returned to buying mode during March by acquiring 62K BTC after a year of reduced buying. Meanwhile, the total BTC amount acquired by new investors during this period reached 172,705 units, which corresponded to the level of demand following the FTX collapse. The price direction at $84K depends on whether it maintains its position or starts to decline. The Impact of Whale Accumulation on BTC Price Bitcoin whale community maintained approximately 8 million BTC throughout the majority of the last four years, regardless of price movements. However, the Bitcoin total market value surpassed $9 million, which triggered an immediate reduction in whale holdings. Meanwhile, the total Bitcoin balance of whales declined to 6.8 million BTC, while they sold off 1.2 million BTC. An extensive token distribution into circulation caused market-wide price depreciation as the increased supply overwhelmed market absorption capacity. Moreover, whale trading activity plays an essential role because their market activities shape both market liquidity levels and price movement patterns. Hence, large BTC offloads from whales generate panic among retail investors because they indicate profit-taking and strategic exits. Bitcoin price rose from $2 million to over $9 million in total market value during late 2023 and early 2024, yet whale investors maintained their holdings. As a result, the market sell-off triggered price volatility that resulted in market corrections. Now, the trend has reversed. The whale investor population entered a buying trend during March 2025 when they purchased 62,000 BTC to indicate their readiness for another market rally. Whale accumulation activities present the potential to stabilize market prices while supporting additional market expansion. However, the token might experience additional downward pressure when whale buying activities decrease or when whales begin to sell again. New Investors and Supply Absorption: A Key Indicator Furthermore, Bitcoin’s price action is directly…
Filed under: News - @ March 23, 2025 2:25 pm