Bitcoin Whales Gobble $4B in BTC—Here’s Why the Rally Isn’t Dead Yet
Despite short-term volatility, Bitcoin’s big players just made their loudest bullish bet since the last halving. On-chain data shows whales accumulating over $4 billion in BTC this week—suggesting they’re playing the long game while retail traders panic-sell.
Key drivers? Institutional FOMO meets suppressed supply. With ETF inflows spiking and exchange reserves at 5-year lows, this squeeze could send prices parabolic. Even the Fed’s usual ’higher for longer’ rhetoric isn’t spooking crypto’s smart money.
Of course, Wall Street will still find a way to charge you 2% for the privilege of holding their paper Bitcoin. Meanwhile, the actual asset keeps cutting out middlemen—and making hodlers rich.
Bitcoin’s (BTC) recent successes have prompted bullish reactions among traders. Long-term traders are positioning for the next leg of inflows with over-the-top accumulations. Amid growing skeptics waving warning signs, the wider market looks steady, with increasing interest from institutional investors.
BTC Whales Are Poised For New All-Time High
After the asset’s recovery above the $90k, traders have intensified efforts to reclaim previous levels. Bitcoin hit an all-time high above $108k before a shocking nosedive to $78k due to negative macro sentiments heightened by the United States’ trade policies. While fears of these factors still exist, trades are pushing through with strong demand.
On-chain data shows crypto whales purchased over 43,100 BTC worth approximately $4 billion since the asset began its rebound. Initial massive buys were recorded on April 13, leading to a rise in short-term inflows. Although the majority of wallets were long-term holders, a decent number of short-term investors flooded the market.
This synergy heightened bullish demand, taking the assets past multiple resistance levels. On the flipside, profit-taking surged but was soon eclipsed by massive whale numbers. The drop in centralized exchange balances indicates long-term stability despite hiccups linked to profit-taking.
According to several traders, the next key resistance is $97,530, a psychological level that could unlock a new price rally. Meanwhile, Bitcoin’s realized capitalization hit an all-time high, igniting a new frenzy among holders. This metric values Bitcoin at the price it was last sold and not the current market value.
“This provides a more realistic view of the “invested value” in Bitcoin by market participants, filtering out the noise from lost coins or coins held for extended periods without movement. It offers a more stable and accurate measure of overall market sentiment and the cumulative behavior of holders.”
Arthur Hayes Makes Bullish Projection
Digital asset executive Arthur Hayes has contributed to increasing upward sentiment after sharing his future market outlook. The former BitMEX CEO stated that Bitcoin’s price could hit $1.5 million by 2028 based on growing US macro factors. A possible rise in US dollar liquidity could trigger inflows to digital assets.
Several institutions have also made huge Bitcoin price projections, citing global fiscal tensions and recent increasing Tradfi appetite. Furthermore, the positive White House stance is a key catalyst for global adoption in the coming years.
