Bitcoin Whale Wallets Rebound to 7.17M BTC, Signaling Accumulation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

Explore Agentic TradingLet AI Trade for You

Whale Wallet Rebound: Wallets holding at least 1,000 BTC have collectively rebounded to 7.17M BTC, marking a three-month high and indicating that large investors are resuming accumulation after a distribution phase.
Market Sentiment Signal: Accumulation by whales is typically interpreted as a sign of confidence from deep-pocketed holders, capable of absorbing selling pressure from smaller participants, potentially tightening liquidity and impacting market supply-demand dynamics.
Future Trends Monitoring: It is crucial to observe whether the cohort of wallets holding over 1,000 BTC continues to expand; sustained growth would reinforce the accumulation narrative, while a quick reversal could indicate redistribution by whales.
Exchange Inflow Observation: If Bitcoin begins moving from whale wallets to exchanges, the bullish interpretation of the current data will weaken significantly, making the monitoring of whale transaction flows essential.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like BTC with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	57011.948	59642.009	62032.028	64662.089	67052.108	69682.169	72072.188
Fibonacci	59642.009	61559.68	62744.418	64662.089	66579.76	67764.498	69682.169

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on BTC?

Get Started Free