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Bitcoin’s price continues to move between bullish and bearish territory, reflecting ongoing uncertainty in the market. After reaching $94,000 earlier this week, the cryptocurrency has since retreated below $90,000, marking an approximately 18% drop from its all-time high (ATH) of $109,000 recorded in January.
This latest pullback highlights the shifting sentiment among investors and the increasing influence of large holders, or whales, in the market.
Whales Are Finally Back, Data Shows
CryptoQuant analyst Darkfost has identified a notable trend in Bitcoin whale behavior, revealing that these influential market participants had been reducing their holdings for over a month, marking the longest period of net decline in the past year.
However, recent data indicates that whales are beginning to increase their Bitcoin holdings again, shifting the monthly percentage change into positive territory.
If this trend continues, it could signal a potential return of bullish momentum, as previous instances of whale accumulation have often preceded upward price movements. According to Darkfost’s analysis, whales play a crucial role in shaping Bitcoin’s price direction due to the sheer volume of BTC they control.
🐳Whales are finally back.
Whales have been reducing their holdings for over a month now, marking the longest period of net decline over the past year.
However, their behavior has recently shifted, as whales began increasing their holdings again, pushing the monthly percentage… pic.twitter.com/SA8Ww9CEsH
— Darkfost (@Darkfost_Coc) March 6, 2025
Their renewed accumulation suggests confidence in the asset’s long-term value. Historically, increased whale buying activity has coincided with periods of price stability or growth, making this a key indicator for traders and investors.
Coinciding With US Bitcoin Reserve Plans
The resurgence of whale interest in BTC coincides with reports of US President Donald Trump signing an executive order to establish a strategic Bitcoin reserve.
CryptoQuant analyst Maartuun has provided insights into this development, suggesting that the United States could officially become a long-term holder of Bitcoin.
The reserve may be funded using seized BTC, which currently stands at 188,898 BTC, valued at approximately $18.14 billion. If implemented, this move could significantly reduce selling pressure in the market, as these holdings would be secured rather than liquidated.
In addition to securing its existing Bitcoin holdings, reports suggest that the US government may consider purchasing additional BTC. Maartuun citing Bloomberg disclosed that this initiative could lead to an expansion of the strategic BTC reserve, reinforcing Bitcoin’s status as a long-term asset for institutional and sovereign investors.
According to Maartuun, if these reports materialize, it could introduce a new dynamic to Bitcoin’s supply and demand, potentially influencing its price trajectory.
Featured image created with DALL-E, Chart from TradingView
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
