$BTC USD−0.73%
Bitcoin (BTCUSD) has risen nearly 12% over the past seven days, gaining momentum as it reclaims key technical levels and approaches key resistance areas. The recent price surge has been supported by a slight rebound in the number of Bitcoin whale addresses, indicating renewed accumulation by large holders.
Technical indicators such as the Ichimoku Cloud and EMA lines point to a strong uptrend, with bullish formations indicating continued buyer control. As the price approaches the $100,000 mark again, whale activity and chart signals will determine whether this rally has further room to continue.
Microaccumulation: What the Rising Number of Bitcoin Whales Could Mean
The number of Bitcoin whales—wallets holding between 1,000 and 10,000—has been trying to recover over the past few days, showing subtle but noticeable movement.
There are 2,006 whale addresses, slightly higher than the 2,000 recorded on April 21. The number briefly rose to 2,005 on April 22 before falling to 2,002 the following day, and is now back above that level.
Although these daily fluctuations may seem minor, they often reflect deeper shifts in sentiment and positioning among some of the largest players in the cryptocurrency market. The recent stability suggests that accumulation may begin to pick up again after a period of distribution or hesitation.
Tracking whale activity is important because these entities tend to have a significant impact on market trends. Whether they are institutional investors, long-term holders, or high-net-worth individuals, whales often act with a level of strategic insight and patience that individual investors can't always match.
Their behavior could indicate confidence or caution in the broader market. A slightly increased number of whale addresses could indicate renewed interest in accumulating Bitcoin at current levels.
This may not immediately translate into a sharp price movement. However, it adds a layer of fundamental support to the market, reducing downside risks and paving the way for more sustained upward momentum if broader conditions align.
Ichimoku signals indicate strength in Bitcoin's trend.
Bitcoin's Ichimoku Cloud chart shows signs of continued bullish momentum.
The price is trading above the blue conversion line (Tenkan-sen) and the red base line (Kijun-sen), indicating short-term strength and trend alignment.
These lines have acted as dynamic support levels throughout the recent movement, with the price bouncing off them several times in recent candles. This indicates that buyers remain in control, and any declines have been met with demand.
The green cloud (Kumo) ahead is thick and rising, indicating a strong support area and positive trend outlook.
The distance between the red and green borders of the cloud also indicates an expansion in volatility, which usually supports stronger directional movements.
Since the price is well above the cloud and all the major Ichimoku components are aligned in a bullish formation, the current setup supports the idea of a continued uptrend - at least in the short to medium term - unless the price reverses sharply and closes below the blue and red lines.
