The Bitcoin market is experiencing a notable transformation as a new group of high-net-worth investors aggressively accumulates BTC. These fresh “whales”—wallets holding 1,000+ BTC acquired in the past six months—have amassed over 1 million BTC since November 2024.
According to on-chain data from CryptoQuant, this new cohort of whales has already snapped up more than 200,000 BTC in March alone, suggesting a strong conviction in Bitcoin’s long-term potential. This surge likely reflects growing interest from institutional investors and ultra-wealthy individuals, marking a major shift in capital inflow into the crypto space.
This consistent accumulation could act as a market stabilizer, potentially reducing sharp price swings and paving the way for a sustained bullish trend. If this momentum continues, analysts believe Bitcoin’s price could break into the $150K–$160K range in the near future.
As of now, Bitcoin trades at $82,904.58, with a market cap of $1.63 trillion and 20 million BTC in circulation.
Despite the bullish accumulation, technical indicators suggest short-term caution. The RSI stands at 46.44, indicating a neutral zone, while the MACD shows a bearish crossover, hinting at possible price dips before a potential rebound.
Nonetheless, with whale activity on the rise, the broader outlook for Bitcoin remains optimistic.