Bitcoin Whales Swallow $4B in 14 Days—Bullish or Bubble Fuel?
While retail investors panic-sell over macro fears, crypto’s megaholders just pulled off the most aggressive accumulation since the 2021 bull run. Meet the new buy-the-dip strategy: private jets and cold wallets.
Behind the surge: On-chain data reveals whale addresses (holding 1,000+ BTC) added 80,000 coins since mid-April—enough to trigger exchange supply shocks. Cue the institutional FOMO.
The cynical take: Wall Street’s ’risk-off’ narrative lasts exactly until their own algo traders finish front-running the halving. Now watch the same banks that called crypto a scam launch ’digital asset vaults’ by Q3.
BTC Whales Start Buying Again
Data shared by Ali Martinez indicates that BTC whales, referred to as large Bitcoin investors who hold an excessive amount of the asset, have returned in full force after the hiatus earlier this year. Recall that these market participants had sold over 6,800 BTC within just a week in February as the aforementioned tension mounted.
However, their most recent behavior is entirely different, and the notion that they are buying like “never before” received further validation. According to Martinez, they bought over 43,100 BTC in the past two weeks alone, which is worth almost $4 billion at today’s prices.
Whales have accumulated over 43,100 #Bitcoin $BTC in the past two weeks, worth nearly $4 billion! pic.twitter.com/34RkxliINK
— Ali (@ali_charts) April 30, 2025
Perhaps a sizeable portion of this amount could be linked to Strategy’s continuous accumulation, as well as other companies such as Metaplanet and Semler Scientific, who continue to add BTC to their respective stashes.
At the same time, the inflows toward the spot Bitcoin ETFs have skyrocketed since April 17, with over $3.9 billion entering the funds.
But Miners Are Selling?
In contrast, another chart shared by the same popular analyst reaffirmed a previous narrative that BTC miners, the backbone of the world’s biggest and most secure blockchain, have been selling in large quantities. Their holdings have declined by almost $850 million in the past few weeks, as bitcoin’s price started to regain traction and added $20,000 since the April 7 low of under $75,000.
Miners capitalized on the recent price surge, selling 943 #Bitcoin $BTC, worth roughly $850 million. pic.twitter.com/9LPxkpC1pq
— Ali (@ali_charts) April 29, 2025
