Bitcoin: Are Whales Anticipating a Massive Rebound with 50,000 BTC Acquired in 10 Days?

It is clear that the current decline in bitcoin benefits some savvy investors, ready to seize the opportunity to fill their portfolios or take the plunge by acquiring their first coins. Meanwhile, the BTC “whales,” those investors with a well-stocked portfolio, are multiplying strategic movements. In a fluctuating market, the big bitcoin holders seem to be preparing for a masterstroke. But what exactly do these recent BTC accumulations hide?

Bitcoin Whales on the Lookout for a Rebound

The Bitcoin whales, these silent giants of the crypto market – who accumulated 133,000 BTC in August, have not been idle in recent days. According to the latest data from Santiment, relayed by analyst Ali Martinez, no less than 50,000 BTC were accumulated in just ten days. A colossal sum representing nearly 3.15 billion dollars at the current rate.

#Bitcoin whales have bought over 50,000 $BTC in the last 10 days, worth around $3.15 billion! pic.twitter.com/oteMhOnfBv

— Ali (@ali_charts) October 1, 2024

While some small investors tremble at the recent market fluctuations – it seems like they are abandoning ship, the larger players seem to be betting on an imminent price recovery.

• 50,000 BTC purchased;
• A value of 3.15 billion dollars;
• Accumulation in just 10 days.

These market giants seem to have a well-oiled strategy: buy during periods of high volatility and widespread fear. This reflects a certain confidence in the short-term rebound potential of BTC, despite an unsettling environment.

The whales are often right, one might say, but the real question is: will this accumulation be enough to trigger a new bullish wave?

The Crypto Market Facing a Critical Period

The crypto market is currently going through a delicate phase, with Bitcoin clinging to its 60,000-dollar support like a castaway to a lifebuoy. After a 10% correction in a week, BTC struggles to find a second wind.

The 200-day exponential daily moving average, located around 60,100 dollars, remains a crucial bulwark. If this level were to give way, the market could plunge even lower, towards 57,500 dollars, causing concern among investors.

Nonetheless, BTC’s ability to cross the 63,600 dollars mark – where the famous daily 200-day moving average lies – could well rekindle hope. The market is eagerly awaiting a strong recovery so that the most optimistic investors can finally breathe. The upcoming days are expected to be crucial for Bitcoin’s trajectory and, by extension, the entire crypto market.

As an analyst anticipated in mid-September, the decline in whale transactions seems to indicate either a simple pause or a big move to come. The suspense remains.”