Bitcoin Whales Are Staying On Board... Should We Still Believe In A Bull Run In 2025?

After a brutal 30% correction that saw Bitcoin fall below $75,000, the leading cryptocurrency is once again showing signs of strength by stabilizing around $84,500. This significant rebound was amplified by President Trump’s announcement of a temporary suspension of tariffs for most countries.

Bitcoin Whales Continue to Accumulate Despite Volatility

Large Bitcoin holders, known as “whales”, have not liquidated their holdings during this correction, unlike in previous cycles.

According to on-chain data from CryptoQuant, these investors are exhibiting accumulation behavior similar to that observed during the consolidation phase of August-September 2023, a period that preceded a significant price increase.

Historically, whale movements have been a reliable indicator of future trends. During the March 2020 crash linked to COVID-19, these major players anticipated the drop by selling massively before the decline.

Today, their ongoing accumulation strategy suggests that they view the current correction as temporary and not as a fundamental reversal of the market. This confidence from experienced investors has often preceded significant rallies in the past.

BTC Faces Crucial Technical Resistance

Bitcoin is currently trading just 5% below its 200-day moving average ($87,100), a critical technical level to confirm a bullish reversal.

To validate this favorable scenario, the BTC must maintain the support level of $81,000 and break the threshold of $85,000, which coincides with its 200-day exponential moving average.

Nonetheless, risks persist. A drop below the $80,000-$81,000 zone could quickly intensify selling pressure and lead to a return towards $75,000.

This situation aligns with recent analyses on long-term holders (LTH), whose “Net Position Change” indicator turned positive again at the beginning of April for the first time in six months.

This behavior, coupled with the fact that 63% of Bitcoins have remained stagnant for over a year, reveals strong conviction despite global economic turbulence.

Bitcoin thus finds itself at a decisive moment. If buyers manage to regain an advantage above key moving averages, the bullish cycle could be confirmed, supported by an increasingly resilient base of investors against market fluctuations.