The post Bitcoin Whales Double Down On Accumulation Even As BTC’s Price Struggles To Recover appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Robust volatility continues to take over the broader crypto market, causing a sluggishness in Bitcoin‘s price in the past few weeks. This bearish performance has been ongoing since the flagship asset hit a new all-time high in January this year. Meanwhile, seasoned investors have persistently purchased the asset in light of this waning price movement. Whales Keep Stacking Up Bitcoin Bitcoin’s price dynamics may have displayed weakness in the last few weeks, falling to recover its upward momentum to its current all-time high. However, many investors are still bullish about the asset’s future performance as they demonstrate renewed interest in BTC. Amid unfavorable market conditions, Santiment, a leading intelligence and on-chain data platform, has reported consistent buying activity among large Bitcoin investors, or whales. The number of BTC whale wallet addresses has risen to new levels in spite of the cryptocurrency’s continuous pricing issues. Specifically, the growth is spotted among large investors holding between 1,000 BTC and 10,000 BTC, indicating confidence in its long-term potential. “And while prices continue ranging as March draws to a close, whale wallets (specifically 1,000-10,000 BTC holders) continue growing in number,” the platform stated. This development comes as BTC’s market value fluctuates between the $81,000 and $84,000 price range on Monday. Since large investors are accumulating Bitcoin during volatility, it suggests that these holders are taking advantage of the recent market downturn in anticipation of future price rebounds. BTC whale investors are accumulating | Source: Santiment on X Data from the on-chain platform shows that the quantity of BTC whale wallet addresses containing 1,000 BTC to 10,000 BTC has extended to 1993, marking its highest level since December 2024. Furthermore, Santiment revealed an additional 50 wallets in the past few weeks, which…

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Filed under: News - @ April 1, 2025 5:29 pm