After whales buy 56K BTC in a frenzy: Is the market turning bullish or is it a false breakout trap?

【Blockchain Rhythm】Since mid-December, an interesting phenomenon has quietly been happening on the chain—large holders and whales holding between 10 and 10,000 Bitcoins have been concentrating their efforts, accumulating a net total of 56,227 BTC.

What does this mean? According to on-chain data analysis logic, this wave of accumulation by large holders usually indicates that the market is bottoming out. Even though the entire crypto market currently appears calm, this stealthy deployment of large funds often lays the groundwork for a rebound—at least it will drive a phased breakout in prices.

Even more interesting is that in the past 24 hours, a new selling pressure has emerged. Small retail investors holding less than 0.01 BTC have started to exit gradually, choosing to cash out at this point. What does this reflect? It indicates that retail investors in the market are still skeptical; they believe that what’s happening now might just be a bull trap in the bull market, and the real upward trend has yet to come.

From a technical indicator perspective, there are indeed signals showing that the market is entering a bullish atmosphere, and the probability of the total cryptocurrency market cap continuing to strengthen is higher than usual. However, to be fair, whales’ determination is not set in stone—they can change their stance at any time. Once their profit targets are reached, they will immediately cash out and exit. So, what needs to be done now is to recognize positive signals while leaving enough room for caution.