In the last 48 hours, large Bitcoin holders, known as 'whales', have purchased 30,000 BTC, equivalent to approximately $1.6 billion, according to on-chain analyst Ali Martinez. This activity coincided with a market decline when exchanges lost 89,000 $BTC , indicating strategic accumulation by 'smart money' during panic.
Such behavior from whales often precedes a shift in market sentiment. While small investors sold assets, large players saw an opportunity for long-term investments. Glassnode data confirms that whales with balances of 1,000–10,000 BTC stabilize the market, preventing deep pullbacks.
At the time of writing, Bitcoin is trading around $114,183, holding support at the $110,000 level. If whales continue to accumulate, this may signal a bullish trend. However, volatility remains high, and investors should be cautious.
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