- Bitcoin whales have withdrawn an estimated 60,000 to 100,000 BTC from exchanges over 30 days, reversing all sell-offs from October 2025.
- Large holders, or wallets with 1,000-10,000 BTC, have rebuilt reserves to pre-October levels in what analysts call a V-shaped accumulation phase.
- Ethereum accumulation is mirroring the pattern, with data showing whales are buying despite price declines, a behavior Tom Lee notes precedes historic V-shaped recoveries.
Analysts are focusing on Bitcoin as major holders, known as whales, exhibit aggressive accumulation patterns reminiscent of previous bull markets. Data from Glassnode shows these entities have withdrawn between 60,000 and 100,000 BTC from exchanges in the past month, a pace not seen since late 2024, as reported by Cointelegraph. This translates to a massive capital influx of $4.07 billion to $6.78 billion based on current prices.
Consequently, the total balance held by large Bitcoin wallets surged to approximately 3.09 million BTC by year’s end. Analyst Cauconomy explained that “the entire reduction in whale reserves that occurred after October last year has now been reversed.” He characterized this as a V-shaped recovery, signaling strong institutional buying.
Meanwhile, a strikingly similar pattern is emerging for Ethereum. Fundstrat’s Tom Lee recently noted that ETH has historically staged rapid V-shaped rebounds following major corrections. Supporting this view, a CryptoQuant contributor, CryptoMe, shared data confirming that Ethereum’s “accumulating addresses” are increasing their balances. This indicates that key whales are not selling during the current price weakness.
Retail sentiment, however, remains bearish for both assets according to Stockwits chatter. Bitcoin traded flat near $68,117, while Ethereum saw a marginal 0.2% increase to $1,962. The stark contrast between whale accumulation and retail pessimism highlights a notable divergence in market participant behavior.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
