Bitcoin dips, but whales are accumulating – is a bull run coming?

BTC dropped below its ascending channel over the weekend, hitting $81,222 on March 31. It’s on track for its worst quarter since 2018, but major whales are still accumulating, mirroring the 2020 bull run pattern.

Whales buying the dip – a bullish signal?

On-chain analysis shows that wallets holding 1,000 - 10,000 BTC are increasing their holdings, just like in previous bull cycles. Despite market fear, these whales are stacking up, a move that previously preceded major price surges.

So far, there are no signs of whales exiting, suggesting they may be positioning ahead of the next rally.

Can BTC reclaim $84K?

BTC filled the CME gap over the weekend, a positive technical sign. However, upcoming macro events could impact the price this week:

April 1: JOLTS Job Openings – A drop could signal economic weakness.

April 2: US tariffs on 25 countries – Potential financial market impact.

April 4: Non-Farm Payroll (NFP) data, unemployment rate, and Fed Chair Powell’s speech.

BTC needs to flip $84,000 into support to trigger a push toward the $86,700 - $88,700 supply zone. If it consolidates below $84,000 for too long, downside liquidity at $78,200 - $76,560 may be tested.

Whales are still in the game – are they loading up for the next big move?