🐋 Whale spends billions to buy Bitcoin at the bottom, why hasn't the market stopped falling?
Last week, when BTC dropped to around 60,000 USD, addresses holding over 1000 BTC, known as 'whales', seized the opportunity to accumulate approximately 4 billion USD worth of Bitcoin. According to data from Glassnode, this is the largest single-week capital inflow since November 2025.
Since large holders are buying, why hasn't the price improved?
Lack of consensus: Unlike previous bull markets, currently only 'whales' are active, while retail and other types of investors remain on the sidelines, resulting in a lack of widespread buying support in the market. 'Veteran' selling pressure: Since the end of 2025, large holder addresses have transferred out approximately 170,000 BTC (about 11 billion USD). From 2024 to now, over 104 billion USD worth of Bitcoin has been transferred from 'veterans' to 'new players', and this turnover of chips continues. Heavy loss positions: Currently, about 17% of Bitcoin holdings have a cost basis above 69,000 USD. These unrealized losses have become a significant resistance to price rebounds.
What’s the outlook?
Analysts believe that the current market structure is similar to the cycles of May 2022 or 2015-2017. Although the correction is considered 'mild' in historical terms, many seasoned investors are still waiting for the 'storm to pass'.
The whales have begun to reel in, what about you? 🎣
#Bitcoin #BTC #Glassnode #加密货币 #鲸鱼动态
