Bitcoin whales, defined as accounts holding between 1,000 and 10,000 BTC, have been steadily buying Bitcoin since late May despite a notable price decline. These large holders began accumulating when Bitcoin hovered near $80,000.
Accumulation Despite Market Volatility
Since early May, Bitcoin’s price dropped by 17.25%, reaching approximately $66,256. Regardless of the volatile market conditions and downward price movement, whales continued purchasing BTC quietly without triggering significant market reactions. This accumulation behavior contrasts with previous months when volatility led to reduced whale activity.
The ongoing buying trend highlights these investors’ confidence or long-term strategy, as they seek to increase their Bitcoin holdings during the price correction. The $66,256 price level marks a 17% discount from the prices at which accumulation started, offering presumably favorable entry points.
This material is for informational purposes only and does not constitute financial advice.
