Bitcoin Whales Are Making Bears Nervous
Bitcoin had a rough week, dropping around 6% and now trading near $88,000. This pullback has traders wondering whether it’s just a pause or the start of a bigger decline.
Political Pressure Hits the Market
Part of the dip is due to politics. The chance of a U.S. government shutdown jumped to 77%, Bitcoin Whales Are Making Bears Nervous
Bitcoin had a rough week, dropping around 6% and now trading near $88,000. This pullback has traders wondering whether it’s just a pause or the start of a bigger decline.
Political Pressure Hits the Market
Part of the dip is due to politics. The chance of a U.S. government shutdown jumped to 77%, delaying the CLARITY Act and adding uncertainty for crypto.
Meanwhile, in South Korea, $47 million worth of Bitcoin went missing during a phishing attack, exposing weaknesses in crypto security and shaking confidence in institutional handling.
Whales Are Accumulating
Despite negative headlines, Bitcoin whales are quietly buying. Wallets holding at least 1,000 BTC added around 104,340 BTC, a 1.5% increase in total holdings. Large transfers above $1 million are also back to two-month highs.
This shows whales are acting strategically, not reacting to short-term price swings.
What This Means for the Market
Historically, whales accumulate when prices are weak and sell when prices are strong. Their rising holdings suggest limited downside conviction among big players. Often, this kind of divergence happens near local bottoms, not tops.
Bears in a Tough Spot
For bearish traders, this is tricky. Bitcoin looks weak on the surface, but aggressive accumulation by whales limits how far the price can realistically fall. Shorting in this environment could be risky.delaying the CLARITY Act and adding uncertainty for crypto.
Meanwhile, in South Korea, $47 million worth of Bitcoin went missing during a phishing attack, exposing weaknesses in crypto security and shaking confidence in institutional handling.
Whales Are Accumulating
Despite negative headlines, Bitcoin whales are quietly buying. Wallets holding at least 1,000 BTC added around 104,340 BTC, a 1.5% increase in total holdings. Large transfers above $1 million are also back to two-month highs.
This shows whales are acting strategically, not reacting to short-term price swings.
What This Means for the Market
Historically, whales accumulate when prices are weak and sell when prices are strong. Their rising holdings suggest limited downside conviction among big players. Often, this kind of divergence happens near local bottoms, not tops.
Bears in a Tough Spot
For bearish traders, this is tricky. Bitcoin looks weak on the surface, but aggressive accumulation by whales limits how far the price can realistically fall. Shorting in this environment could be risky.
