LIVE🚀Explosive Growth in Bitcoin Whale Accumulation Sparks Frenzy. Will Whale Manipulation Shoot $BTC to $100k?💵💰
Big investors and Bitcoin whales are stocking up on more BTC in anticipation of further gains to $100k.
Following a slight dip in Bitcoin's price, large whales owning at least 1,000 BTC have been buying more coins at discounted rates. These whales, with holdings worth around $70 million each, have been steadily accumulating BTC over the past three months.
Institutional investors are also joining the fray, pouring billions into Spot Bitcoin ETFs. These investors are required to hold onto the BTC they purchase for customers, effectively reducing the available supply and driving up demand.
The number of addresses holding at least 1,000 BTC has climbed from less than 1,500 at the start of the year to 1,617 by March—a significant 8% increase. This surge in whale numbers hasn't been seen since the peak of the 2021 bull market, indicating bullish sentiment among large investors.
After a period of outflows, inflows into Spot Bitcoin ETFs have surged dramatically. Inflows reached $14.5 million on the first day of the week, marking a stark reversal from the previous week's outflows totaling almost $900 million.
Tuesday saw a staggering 2,600% increase in inflows, with a total of $418 million flowing into Spot BTC ETFs—the highest single-day inflow since the ETFs were approved.
Bitcoin's price has rebounded from recent lows, climbing back above $70,000—a 10% increase in just one week. This price recovery validates the moves made by whales to acquire more Bitcoin, putting their holdings largely in profit.
Historically, high inflows into Spot ETFs have been bullish for Bitcoin's price. If this trend continues, Bitcoin could see a new all-time high before the halving event.
