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Following a pullback from its recent all-time high, Bitcoin seems to have entered a consolidation phase, which has been on for the last few days. BTC’s slowdown in its upward performance has not impacted the bullish sentiment among key holders, as these investors continue to see notable growth in numbers.
Key Bitcoin Holders Stepping Up Their Game
Despite Bitcoin facing bearish pressure that has hampered its current upward trend, a report from Santiment, a leading on-chain data and financial platform, shows persistent optimistic behavior from key investors
Related Reading: Bitcoin Large Holders Leading The Charge With A Notable Increase In Their Supply CountAccording to the report from the on-chain platform, Bitcoin’s network is witnessing heightened activity as key holders, wallets holding significant balances, have been quietly increasing in numbers. Since BTC’s upside momentum has slightly dipped, the development reflects an upholding bullish conviction among these investors in the flagship asset’s short and long-term prospects.
As observed in the past, a huge rise in key stakeholders has frequently been followed by notable price movements. Such an advancement during ongoing waning market conditions implies that BTC’s market dynamics might be gaining strength for another upward move.
BTC investors are growing | Source: Santiment on XParticularly, the growth is spotted among wallet addresses containing between 10 BTC and 10,000 BTC. On-chain data shows that these key stakeholders have increased to 151,820 active wallet addresses despite short-term price action remaining unpredictable.
Santiment revealed that these investors have also been on a massive accumulation run, as seen in the chart. After examining their activity in the last 7 days, the platform highlighted that the stakeholders have collectively acquired an additional 79,244 BTC during this short period. This translates to a daily purchase of 11,321 BTC by the cohort, bringing the overall number of these wallets to about 13.57 million.
The dramatic rise in accumulation is a clear indication of growing interest in the digital asset and a deliberate buildup of supply. Given that a spike in buying pressure from key stakeholders typically influences upward price moves, the ongoing pause in momentum may be a healthy pullback.
Major Investors Are Buying More BTC
Bitcoin’s large investors or whales‘ response to BTC’s waning price action is quite remarkable so far. Ali Martinez, a seasoned technical analyst and investor, has reported a rise in whale activity on the Bitcoin network.
Related Reading: Bitcoin Big Money Moves: Whale Wallet Addresses Increase Sharply Post-BTC Rally To New HighsMartinez’s post reveals a sharp uptick in buying pressure by big wallet addresses with 1,000 and 10,000 BTC in the last 96 days. According to the expert, some of these major investors on the network have purchased nearly 30,000 BTC during the period, indicating sustained confidence in its long-term performance.
Should this huge accumulation by whales continue, it could influence BTC’s price action and trigger a short-term upswing. Crypto analysts like Titan of Crypto have predicted an impending surge to a new all-time high of $135,000 in 2025.
His prediction hinges on a recent breakout of a clean right-angled Descending Broadening Wedge pattern on the weekly chart. If the price stays above the breakout zone, Titan of Crypto believes that the $135,000 milestone will become a reality.
BTC trading at $105,408 on the 1D chart | Source: BTCUSDT on Tradingview.comFeatured image from Getty Images, chart from Tradingview.com
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Bitcoin’s Price Action Fluctuates, But Key BTC Holders Swell Sharply In Numbers | Bitcoinist.com
Key Bitcoin Holders Stepping Up Their Game
Despite Bitcoin facing bearish pressure that has hampered its current upward trend, a report from Santiment, a leading on-chain data and financial platform, shows persistent optimistic behavior from key investors
Related Reading: Bitcoin Large Holders Leading The Charge With A Notable Increase In Their Supply CountAccording to the report from the on-chain platform, Bitcoin’s network is witnessing heightened activity as key holders, wallets holding significant balances, have been quietly increasing in numbers. Since BTC’s upside momentum has slightly dipped, the development reflects an upholding bullish conviction among these investors in the flagship asset’s short and long-term prospects.
As observed in the past, a huge rise in key stakeholders has frequently been followed by notable price movements. Such an advancement during ongoing waning market conditions implies that BTC’s market dynamics might be gaining strength for another upward move.
Santiment revealed that these investors have also been on a massive accumulation run, as seen in the chart. After examining their activity in the last 7 days, the platform highlighted that the stakeholders have collectively acquired an additional 79,244 BTC during this short period. This translates to a daily purchase of 11,321 BTC by the cohort, bringing the overall number of these wallets to about 13.57 million.
The dramatic rise in accumulation is a clear indication of growing interest in the digital asset and a deliberate buildup of supply. Given that a spike in buying pressure from key stakeholders typically influences upward price moves, the ongoing pause in momentum may be a healthy pullback.
Major Investors Are Buying More BTC
Bitcoin’s large investors or whales‘ response to BTC’s waning price action is quite remarkable so far. Ali Martinez, a seasoned technical analyst and investor, has reported a rise in whale activity on the Bitcoin network.
Related Reading: Bitcoin Big Money Moves: Whale Wallet Addresses Increase Sharply Post-BTC Rally To New HighsMartinez’s post reveals a sharp uptick in buying pressure by big wallet addresses with 1,000 and 10,000 BTC in the last 96 days. According to the expert, some of these major investors on the network have purchased nearly 30,000 BTC during the period, indicating sustained confidence in its long-term performance.
Should this huge accumulation by whales continue, it could influence BTC’s price action and trigger a short-term upswing. Crypto analysts like Titan of Crypto have predicted an impending surge to a new all-time high of $135,000 in 2025.
His prediction hinges on a recent breakout of a clean right-angled Descending Broadening Wedge pattern on the weekly chart. If the price stays above the breakout zone, Titan of Crypto believes that the $135,000 milestone will become a reality.