Analysis: Whales Have Significantly Increased Bitcoin Holdings Recently, But Overall Market Demand Remains Insufficient

Odaily According to market data, Bitcoin whales have recently accumulated purchases of approximately 53,000 BTC, marking the largest accumulation since last November, providing some support to the price after consecutive weeks of selling. However, overall market demand remains relatively concentrated, raising questions about whether the market has truly entered a recovery phase. Currently, the Bitcoin price is still down about 40% from its peak in October last year, with some cryptocurrency ETF investors in a state of unrealized losses, and the pace of institutional buying has also slowed. Analysis suggests that in the absence of broader capital participation, this round of buying is more likely a phase of market stabilization behavior rather than a signal of a trend reversal.