Bitcoin Whales Accumulate Over 104K Coins Amid Market Uncertainty
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Coinmarketcap
- Whale Accumulation Signal: According to Santiment, wallets holding at least 1,000 BTC have added 104,340 coins, a 1.5% increase, indicating that large holders are optimistic about future market opportunities despite the overall mixed market conditions.
- Increased Market Pressure: While whales are accumulating, long-term holders and medium investors are accelerating their sell-offs, putting downward pressure on prices, with Bitcoin currently near $89,000, reflecting weak market demand.
- Demand Signal Shift: Analyst EgyHash points out that Bitcoin's demand chart shows a shift from strong buying in mid-2025 to negative demand in January 2026, indicating that long-term holders are selling faster than new buyers can purchase, exacerbating price declines.
- Weak Institutional Demand: The Coinbase Premium Index sits in deep negative territory, indicating weak institutional demand from the U.S. market, with all four market indicators showing a bearish convergence, as both whales and medium investors are selling, contributing to the current price dip to $89,400.
Analyst Views on BTC
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
