Bitcoin accumulation addresses have seen massive inflows as whales buy the dip. Despite recent price struggles, large holders continue stacking BTC, leveraging retail panic selling.
Whales Increase Bitcoin Holdings
On-chain data from CryptoQuant shows whale accumulation wallets received 31,226 BTC on February 4, worth $3 billion at current prices. This follows a consistent trend of large BTC acquisitions over the past week.
According to Ki Young Ju, CEO of CryptoQuant, these inflows suggest that whales are moving Bitcoin into custody wallets after over-the-counter (OTC) trading.
Retail Traders Sell, Whales Buy the Fear
Market intelligence firm Santiment confirms that large Bitcoin holders are buying during market dips. Historically, whales increase their BTC exposure when retail investors panic and sell.
In February alone, addresses holding at least 100 BTC have increased by 135, while smaller wallets (under 100 BTC) have dropped by 138,680. Many of these sales came from new investors who bought in the past six months and exited due to price volatility.
Will Bitcoin’s Accumulation Lead to a Rally?
Santiment suggests that Bitcoin typically rebounds after such accumulation phases. While a bullish move may take weeks or months to materialize, whales’ confidence signals strong long-term support.
For now, Bitcoin remains under $100,000, currently trading at $98,266, down 6% in the past week. This price range presents a potential buying opportunity for those looking to follow the whales’ lead.