$BTC Bitcoin Whales Are Quietly Buying — And Bears Are Getting Nervous
Bitcoin slipped nearly 6% this week, trading around $88,000, bringing short-term pressure back into the market. Political uncertainty in the U.S., delays around the CLARITY Act, and concerns after a $47M Bitcoin loss in South Korea added to the weak sentiment.
But while headlines look negative, big players are doing the opposite.
Data from Santiment shows wallets holding 1,000+ BTC have added over 104,000 BTC recently, increasing their holdings by about 1.5%. At the same time, large transactions above $1M are back at two-month highs.
This behavior suggests whales are accumulating during weakness, not preparing for a major sell-off. Historically, such divergence often appears near local bottoms, not tops.
For bears, this is risky. If price stabilizes while whales keep buying, downside becomes limited — and short positions can quickly get trapped.$BTC
