Large Bitcoin whales are estimated to have acquired approximately US$4.600 billion in BTC in a single week, even as the price slid toward the mid-$80,000 range. This suggests that large capital has stepped forward just as many small investors opted for withdrawal.

Data from Glassnode indicates that these whales acquired nearly 54,000 BTC in a week, marking the fastest weekly buying pace since 2012. A crucial detail is that the purchases occurred while the price of Bitcoin was falling, not after a rebound.