Are Bitcoin Whales Setting The Stage For A Dramatic Rise?
Behind the soft fluctuations of bitcoin, a discreet movement is taking shape. While small holders are hesitating, the large wallets are getting active. What if they were lifting the crypto to new heights? This comeback of the whales could well trigger an unexpected dynamic. Spotlight on an invisible… but powerful strategy.
In Brief
- Wallets holding more than 10 million bitcoins have recently increased by 4.23%.
- Bitcoin trades between $107,000 and $110,000, a critical technical threshold to cross.
- The RSI stable at 55 indicates a balanced market, neither euphoric nor under extreme stress.
- Massive whale withdrawals reduce liquidity, creating upward pressure on the asset.
Whales Take Back Control of the Market
They were thought to be dormant, but they were lying in wait. Addresses holding more than $10 million in bitcoin have experienced a 4.23% increase. This rise, although quiet, is not trivial. It signals renewed interest from the strongest entities on the network.
The whales are not alone. Wallets between $100,000 and $1 million also increased by 2.71%, and those between $1 million and $10 million by 2.34%. A cross-sectional growth, synonymous with large-scale repositioning.
And all this happens in a calm context. Little euphoria, no frenzy. The market still seems asleep. But, as often in the bitcoin universe, it is the quietest periods that precede the biggest awakenings.
Bitcoin Under Pressure: Critical Thresholds and Technical Signals
The bitcoin price is stuck in a congestion zone between $107,000 and $110,000. A tunnel that the queen of cryptos struggles to pass through. Yet, some indicators suggest latency full of promises.
The RSI (Relative Strength Index) remains around 55. This is a middle zone, which suggests some market health. No overbought, no oversold. A neutral ground, ideal for laying the foundations of a solid movement.
Another key piece of data: the drop in liquidity caused by massive whale withdrawals. We are talking here about a 39% reduction in bitcoin available for purchase. Less supply on the markets, more upward pressure if demand rises. And if the $110,000 threshold breaks, the psychological mark of $120,000 could well become reality.
Why Whales Could Rekindle the Bull Run Fuse
By themselves, large addresses can change the market balance. Here are five levers that show how they influence the game:
- +4.23% addresses > $10M in bitcoin;
- +2.71% for wallets between $100k and $1M;
- RSI stable at 55, equilibrium zone;
- Strategic threshold between $107k and $110k;
- Objective: break $110k to target $120k.
What we observe is not a short-term bet. It is a patient strategy, built on long-term expectations. This is not a generalized FOMO. It is deliberate accumulation. A logic of building.
The spot Bitcoin ETFs that are multiplying, hesitant monetary policies, the ever-solid fundamentals of bitcoin: everything suggests that these whales are not playing for a few percent. They are betting on a structural turnaround.
The strategies of the whales already seem to be proving themselves. Bitcoin Cash, long ignored, has surged by +75% in 90 days to reach $526.5 at the beginning of July. There too, it was their massive movements that lit the fuse. A sign that when they move, the consequences are quickly felt. Bitcoin could be the next to benefit.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.