Whale Alert: 30,000 BTC Gobbled Up in 96 Hours—Are the Bulls Back?
Someone just dropped a nine-figure bet on Bitcoin in less time than it takes Wall Street to approve a PowerPoint. A staggering 30,000 BTC vanished from markets this week—the kind of appetite that usually precedes a price surge.
Market watchers are split: Is this institutional FOMO or just another over-leveraged hedge fund playing with pension money? The last time buys this aggressive hit the tape, BTC rallied 150% in six months.
Meanwhile, goldbugs and central bankers are muttering about 'speculative mania' between sips of $8 artisanal coffee. History says they'll keep muttering—right up until the next all-time high.
Whales on the Move Again
The popular crypto analyst Ali Martinez revealed on X that some of the largest Bitcoin whales purchased more than 30,000 BTC in the past 96 hours alone.
Some of the biggest whales on the network have bought over 30,000 #Bitcoin $BTC in the last 96 hours! pic.twitter.com/Z0Ujszhdnc
— Ali (@ali_charts) June 3, 2025
According to his estimations, the collective bitcoin possessions of this group of investors are around 4.52 million BTC, representing almost 23% of the asset’s circulating supply.
The latest buying spree comes in contrast to the price pullback of the leading digital asset, which has slipped by around 3% over the past week. Furthermore, BTC (currently worth approximately $105,800) is down 5.5% from its historical peak of nearly $112,000, registered on May 22.
Such accumulation from whales is typically interpreted as a bullish factor for the price. The effort leaves fewer assets available on the open market, which, combined with non-declining demand, could trigger a rally. Additionally, it could serve as an encouraging sign to smaller players who may also join the ecosystem with fresh capital.
Less than a week ago, Martinez announced that investors holding between 100 BTC and 1,000 BTC (referred to as “sharks”) purchased 20,000 BTC in the span of just 48 hours.
Back Into ‘Greed’ Territory
While the whales’ activity suggests that the price may head north in the short term, other metrics indicate that the opposite scenario is also not out of the question.
The popular Bitcoin Fear and Greed Index, which shows the current investor sentiment toward the cryptocurrency, is one example.
On May 31, BTC’s price slipped below $104,000, which caused the ratio to retreat to 50, or the “Neutral” zone. However, the bulls recovered some of the losses in the following days, and the index re-entered “Greed” territory.
This suggests growing optimism and an increasing appetite for BTC, but investors should stay alert. After all, the cryptocurrency market often defies the crowd’s expectations, while some prominent individuals have previously recommended buying when fear dominates. On that note, we can cite Warren Buffett’s famous advice, who once said people should “be fearful when others are greedy and to be greedy only when others are fearful.”
