Whale Alert: Unstoppable Bitcoin Accumulation Hits 450 BTC Per Day
Forget the noise—a silent giant is feasting. Blockstream CEO Adam Back just revealed a “Bitfinex whale” has ramped up its historic Bitcoin accumulation to a staggering 450 BTC per day. That’s the entire daily Bitcoin mining output! This relentless buying persists even as price battles at the crucial $90,000 resistance level, signaling a colossal clash between a mega-accumulator and uncertain market sentiment.
This isn’t just one player. On-chain data from Santiment confirms “whales and sharks” added over 36,300 BTC in just nine days despite widespread fear. This divergence is key: while retail hesitates, deep-pocketed investors are loading up, seeing current prices as a long-term bargain. Their Bitcoin accumulation is building a powerful foundation beneath the market.
On-Chain Data Confirms the Historic Bitcoin Accumulation
Glassnode’s analysis paints a picture of a market in transition. We’re in a “moderate bear phase,” but significant supply is being redistributed from weak hands to strong ones. The selling is concentrated among those who bought near the top (the 3-6 month holder cohort), while long-term holders stand firm. This transfer of coins during volatility is classic accumulation behavior.
Meanwhile, derivatives markets are oddly quiet—”disengaged,” as Glassnode puts it. This lack of leverage means the next big move will likely be driven by spot buying, not futures speculation. With a “Bitfinex whale” consuming all daily supply and ETFs poised to soak up more, the available liquid Bitcoin is shrinking fast.
Key Levels: The Battle Between $80K and $110K
All eyes are on $90,000. This level is the gatekeeper. A decisive breakout above it, fueled by this relentless accumulation, could trigger a squeeze toward $110,000. However, failure and a break below $84,000 support could see a test of the $80,000 zone.
The most likely scenario for the next 3-6 months is a violent, wide range between $80,000 and $110,000. Institutions will buy every dip via ETFs, but macro shocks (tariffs, rate decisions) will cause sharp liquidations. This creates a high-volatility consolidation perfect for spot accumulation.
My Thoughts
This is the most bullish setup you can have during a correction: price is stagnant, but the largest players are buying aggressively. This whale’s 450 BTC/day pace is unsustainable long-term, which means their buying window is limited. When they’re done, the supply shock will be immense. For retail, this is the signal to accumulate alongside the whales. The $90K breakout, when it comes, will be explosive. Patience is being rewarded.
