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Sujit Kumar
Mar 19, 2025

New Bitcoin Whales Accumulate 1M BTC, Hinting at Bullish Price Surge

Whales Accumulate 1M BTC

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.

Accelerating Accumulation Signals Growing Confidence

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.

Impact on Bitcoin’s Market Outlook

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.

Technical Indicators Show Mixed Signals

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.

New Bitcoin Whales Accumulate 1M BTC, Hinting at Bullish Price Surge
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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