The selling pressure on the price of Bitcoin does not deter large wallets or whales, who buy quietly. The current stage of the price of the largest cryptocurrency is one of fear among retail investors, who are executing massive sales. This abundance of coins at low prices is an attractive opportunity for large investors.
For the so-called whales, buying Bitcoin below $100K is an opportunity that should not be wasted. Large global investors understand that being a whale can become a very profitable strategy.
The continuous purchases of BTC by whales are not the only symptom of a transfer of wealth toward smart money. This is compounded by the fact that the growth in the number of whales is the highest in the last four months. According to data from Santiment, the number of wallets holding between 1,000 and 10,000 BTC is continuously increasing.
The firm's report highlights that there are many factors putting pressure toward the polarization of the cryptocurrency market. But in the case of Bitcoin whales, the issue seems to lead to a slight increase in confidence, given that these entities grew by 2.6%.
Bitcoin whales maintain the strategy of buying cheap.
As already mentioned, the fact that retailers liquidate huge amounts of BTC translates into a buying opportunity for whales. The flow of tokens into the market causes the price to drop, and whales are experts at absorbing this liquidity. This is reflected in the constant outflow of BTC from centralized exchanges.
Over the past few months, the amount of BTC on exchanges has dramatically decreased. Basically, this means that large holders are buying and then withdrawing them to safer accumulation wallets.
In recent weeks, the accumulation trend by whales is constant. This can be deduced that the bearish price of Bitcoin is entirely motivated by the nervousness of retailers. Consequently, a slight show of confidence from the latter would be enough for the price of the coin to skyrocket.
The most logical outcome of this is that retailers will halt sales at any moment. In that context, the Bitcoin whales who are buying now will be the big beneficiaries. But at this point, the question arises: is it possible for the price of BTC to rise in the short term?
At the time of writing this note, the price of Bitcoin remains in a suspiciously positive trend. Just a few hours before the implementation of Trump's tariffs, a significant crash was expected. However, what is observed is that BTC remains strong above $85K.
