The price of Bitcoin continues to move between bullish and bearish territory, reflecting continuous continuity in the market. After reaching $ 94,000 at the beginning of this week, since then the cryptocurrency has retired below $ 90,000, marking a drop of about 18% from the maximum of all time (ATH) of $ 109,000 registered in January.
This last Pullback highlights the changing feeling between investors and the growing influence of great holders or whales, on the market.
The whales are finally back, the data show
The cryptoquate Darkfost analyst identified a remarkable trend in the behavior of Bitcoin whales, revealing that these influential participants in the market had reduced their participations for over a month, marking the longest period of net drop in the last year.
However, recent data indicate that whales are starting to increase their Bitcoin participations again, moving the monthly percentage variation in positive territory.
If this tendency continues, it could report a potential return of bullish momentum, since the previous cases of accumulation of whales have often preceded the price movements upwards. According to Darkfost’s analysis, whales play a crucial role in modeling the direction of Bitcoin prices due to the pure volume of BTC that control.
The whales have finally returned.
The whales have reduced their participations for over a month, marking the longest period of net drop in the last year.
However, their behavior recently moved, when the whales have started to increase their participations again, pushing the monthly percentage … pic.twitter.com/sa8ww9cesh
– Darkfost (@darkfost_coc) March 6, 2025
Their renewed accumulation suggests trust in the long -term value of the activity. Historically, the increase in the purchase of whales coincided with periods of stability or growth in prices, making this a key indicator for traders and investors.
Coinciding with the US Bitcoin reserve plans
The rebirth of the interest of the whales in BTC coincides with the reports of the President of the United States Donald Trump who signs an executive order to establish a strategic reserve of Bitcoin.
The cryptoquate Maartuun analyst has provided insights on this development, suggesting that the United States could officially become a long -term Bitcoin holder.
The reserve can be financed using seized BTC, which currently stands at 188,898 BTC, worth about $ 18.14 billion. If implemented, this move could significantly reduce the sales pressure on the market, since these participations would be guaranteed rather than liquidated.
In addition to guaranteeing his existing bitcoin participations, reports suggest that the United States government could consider the purchase of additional BTC. Maartuun citing Bloomberg revealed that this initiative could lead to an expansion of the BTC strategic reserve, strengthening Bitcoin status as long -term activities for institutional and sovereign investors.
According to Maartuun, if these relationships materialize, they could introduce a new dynamic to Bitcoin’s demand and demand, potentially influencing its price trajectory.
Foreground image created with Dall-E, Tradingview graphic designer