Analysis: Bitcoin Whales Accelerate Accumulation, Approaching $80,000 May Trigger Long-Term Bull Market Signal

On April 25, as the price of Bitcoin approaches the $80,000 mark, on-chain data shows that whales are rapidly increasing their BTC holdings, indicating that the market may be entering a critical trend reversal phase. Santiment reports that key addresses holding between 10 and 10,000 BTC have accumulated approximately 40,967 BTC since April 10, valued at around $3.17 billion. Meanwhile, smaller holders are benefiting, as this structure of ‘whales continuously buying while retail investors gradually take profits’ historically corresponds to stronger medium to long-term upward trends and may constitute ‘one of the strongest bull market signals.’ In the market, BTC briefly rose to $79,327 before retreating to around $77,390, with a cumulative increase of about 8.6% over the past 30 days. Analysts believe that if BTC breaks through the $80,000 level, it could reactivate market sentiment and attract new capital. Additionally, the Head of Research at Bitwise Europe noted that institutional demand is clearly accelerating, while Santiment indicated that market sentiment has shifted from ‘extreme pessimism’ to ‘strong FOMO,’ but overall remains in the ‘fear’ zone, suggesting that the market has not yet fully overheated.