Analysis: Bitcoin whales accelerate accumulation, nearing $80,000 or triggering a long-term bull market signal

BlockBeats News, April 25 — With Bitcoin’s price nearing the $80,000 threshold, on-chain data shows that whales are rapidly increasing their BTC holdings, and the market may be entering a key phase of trend reversal.

Santiment said that the cohort of key addresses holding between 10 and 10,000 BTC has accumulated approximately 40,967 BTC since April 10, worth about $3.17 billion. At the same time, small holders (<0.1 BTC) only added around 46 BTC during the same period, valued at about $3.56 million.

The platform noted that this structure of “whales continuously buying, retail gradually taking profits” has historically often been associated with stronger medium- to long-term upward trends, and may form “one of the strongest bull market signals.”

In the market, BTC once rose to $79,327 before pulling back to around $77,390, up about 8.6% over the past 30 days. Analysts believe that if BTC breaks through the $80,000 threshold, it could re-ignite market sentiment and attract incremental capital inflows.

In addition, Bitwise’s European research director said institutional demand is accelerating significantly, while Santiment also pointed out that market sentiment has shifted from “extremely bearish” to “strong FOMO,” though it still remains in the “fear” range overall, suggesting the market has not fully overheated.#加密市场行情震荡