Bitcoin: Whales are Accumulating Everything...Highest Accumulation Since 2013

▲ Bitcoin (BTC), Cryptocurrency Whale/AI Generated Image

As Bitcoin (BTC) attempts to break above $75,000 again, large-scale whale accumulation is simultaneously underway behind the market, signaling a full-fledged shift in the supply and demand structure.

According to recent foreign media reports, Bitcoin continues its trend of testing the $75,000 range. The price has entered a phase where it repeatedly tests resistance and support within this range, searching for direction.

The notable point is the movement of whales. On-chain data indicates that large investors have accumulated approximately 270,000 BTC over the past 30 days. This is the largest accumulation since 2013, representing an inflow of capital significant enough to change the market structure.

This large-scale accumulation has led to a decrease in exchange balances. As Bitcoin moves to personal wallets, the tradable supply diminishes, acting as a factor that strengthens the supply compression phenomenon within the market.

Whales have shown a tendency to concentrate their accumulation during periods of price decline or sideways movement. This is interpreted as a strategy to build long-term positions, regardless of short-term price fluctuations.

Furthermore, a clear difference in behavior between retail investors and whales is observed in the market. While retail investors form selling pressure during periods of decline, whales absorb the supply in the same periods, adopting an opposing position.

Consequently, the current market structure is characterized by a clash of two forces. In the short term, profit-taking limits upward movement, but in the long term, large-scale accumulation acts as a foundation supporting the price floor.

Bitcoin is showing limited volatility during periods of large-scale capital accumulation and is being restructured into a market driven by supply and demand.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*