Bitcoin Price Rebound Gains Traction as New Whales Buy Over 200,000 BTC

2025-3-18 14:41

Since closing at a low of $78,620 on March 10, Bitcoin (BTC) has staged a comeback and is currently trending upward gradually.

The leading cryptocurrency has recorded a 1.2% price uptick over the past week, with on-chain data signaling a fresh wave of whale accumulation.

Bitcoin Whale Demand Surges as Investors Buy the Dip

In a new report, pseudonymous CryptoQuant analyst Onchained found that a new wave of Bitcoin whales has emerged. These large investors hold at least 1,000 BTC wallets and have an average acquisition age under six months.

BTC Supply held By Address Cohorts. Source: CryptoQuant

“On-chain data confirms that since November 2024, these wallets have collectively acquired over 1 million BTC, positioning themselves as one of the most influential market participants. Their accumulation pace has accelerated notably in recent weeks, accumulating more than 200,000 BTC just this month,” Onchained wrote. 

When new whales show interest in BTC like this, it signals a resurgence in bullish confidence in its long-term performance. BTC’s recent decline to multi-year lows has fueled this accumulation trend, as it presents a prime opportunity for whales looking to “buy the dip” and sell at a higher price.

Moreover, BTC holders have increased their coin holding time in the past week, highlighting the gradual comeback in bullish sentiments toward the coin. According to IntoTheBlock, this has climbed 12% over the past seven days.

BTC Coin Holding Time. Source: IntoTheBlock

The holding time of an asset’s transacted coins measures the average length of time its tokens are held before being sold or transferred. When this extends, it reflects stronger investor conviction, as investors choose to keep their coins rather than sell. 

This can help reduce the selling pressure as supply dries up gradually in the BTC market, driving up the coin’s value in the near term. 

Bitcoin at a Crossroads: Rebound to $89,000 or Drop to $77,000 Next?

Although BTC’s Elder-Ray Index continues to post red histogram bars, their sizes have gradually reduced over the past few days. 

This indicator compares buying pressure with selloffs to determine an asset’s price trends. When its bars decrease in height, it indicates that bearish pressure is weakening. 

This suggests that BTC sellers are losing momentum, and buyers may be gradually stepping in. If this trend continues, it could slow down BTC’s downtrend. Its price could rebound and climb toward $89,434.

BTC Price Analysis. Source: TradingView

On the other hand, if selling pressure strengthens, the king coin risks plummeting to $77,114.

The post Bitcoin Price Rebound Gains Traction as New Whales Buy Over 200,000 BTC appeared first on BeInCrypto.

origin »

Bitcoin (BTC) на Currencies.ru

$ 85923.21 (+0.50%)
Объем 24H $37.447b
Изменеия 24h: 3.27 %, 7d: 3.52 %
Cегодня L: $85334.96 - H: $87308.03
Капитализация $1704.657b Rank 1
Цена в час новости $ 81750.77 (5.1%)

btc bitcoin price leading cryptocurrency recorded uptick

btc bitcoin → Результатов: 126


Фото:

Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path

On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new post on X, the market intelligence platform IntoTheBlock has discussed how BTC support and resistance levels are looking from an on-chain perspective right now.

2025-2-13 08:00


Bitcoin May Hit $1.5 Million By 2035 According To Metcalfe’s Law, Analyst Predicts

As Bitcoin (BTC) continues its pullback into the low $90,000 range, analysts are divided on how much further the top cryptocurrency might fall before a potential bounce. However, long-term market observers remain confident, emphasizing that short-term price action does not alter their belief in BTC’s eventual rise to a million dollars or more in the coming years.

2025-1-10 09:30


Фото:

MicroStrategy’s smallest Bitcoin acquisition in 8 weeks sees BTC drop to $92,000

Bitcoin’s price fell by 2% within an hour after MicroStrategy announced its eighth consecutive weekly BTC acquisition. According to CryptoSlate’s data, the market reaction was less enthusiastic about the firm’s latest Bitcoin purchase, which dragged BTC down to $92,900 at the time of writing —a 10% drop from its record high of over $108,000.

2024-12-31 19:00