Bitcoin’s Resurgence: Over 2,106 Whale Wallets Signal Strong Accumulation – What’s Next for BTC?

As of April 2025, Bitcoin is witnessing a notable resurgence in whale activity, with more than 2,106 large-scale wallets actively accumulating BTC. This trend underscores renewed confidence among high-net-worth investors and institutional players, suggesting a potential bullish phase ahead. The return of these ’whales’ often precedes significant market movements, raising questions about Bitcoin’s near-term trajectory. Key factors driving this accumulation include macroeconomic uncertainty, institutional adoption, and the upcoming halving cycle. Market analysts are closely monitoring on-chain metrics, exchange reserves, and derivatives activity to gauge whether this whale activity will translate into sustained upward momentum. The current landscape presents both opportunities and risks for retail investors navigating BTC’s volatile waters.

Source: CryptoQuant

When this turns green, it suggests that the majority of participants are optimistic and expect Bitcoin prices to rise. Thus, social sentiment is leaning bullish with crowd psychology shifting.

Whales lead the charge

Interestingly, this change was most pronounced among large holders.

At the start of 2025, there were 2,054 wallets holding over 1,000 BTC. That number dipped to 2,038 amid rising uncertainty.

Source: Bitcoin Magazine Pro

However, over the past few days, whales are back in the market and are aggressively accumulating.

The return has pushed the Number of Addresses higher, with the number of these addresses reaching 2106, which is a 2025 high.

Source: IntoTheBlock

The surge in the number of whale addresses suggests that whales are now even more optimistic compared to the market participants.

Of course, the uptick suggested rising confidence. On-chain data confirmed it—whales recorded a sustained negative Exchange Ratio for five consecutive days.

Source: CryptoQuant

Besides whales, even other market participants have turned optimistic.

For the first time in 17 days, U.S. institutional investors have turned bullish. Looking at the Coinbase Premium Index, it has turned positive for the first time in more than two weeks.

Such a shift suggests that even U.S. investors are now anticipating Bitcoin’s prices to rise.

What it means for BTC

The shift in market sentiment reflects growing confidence in Bitcoin.

As such, most participants now expect prices to reclaim a higher resistance. When whales, institutions, and retailers shift their sentiment, it means that Bitcoin is now stable enough to see another leg up.

If Optimism holds, BTC could reclaim $86,190. A sustained move might open the door to $88,500. However, if consolidation dragged and whales flipped risk-off, BTC risked slipping toward $81,616.

Either way, the market stood at a turning point. Momentum now hinged on sentiment follow-through and whale conviction.