New Whales Accumulate 200,000 Bitcoin This Month, What’s Next For BTC Price?

New crypto whales have emerged into the scene, acquiring huge holdings in the past months. Initial entry began in Q4 2024, as macro factors looked favorable, with bulls setting sights on a run to new all-time highs. However, after tapping a new all-time high above $108k, Bitcoin (BTC) and altcoins failed to sustain, ushering in extended bearish weeks. Whales Accumulate BTC Amid Price Decline In the last 30 days, new Bitcoin whales have picked up 200,000 assets, leading to slight signs of a market rebound. A new CryptoQuant report showed a surge of new BTC whales looking to reshape the crypto market. In the past six months, these addresses have acquired 1,000 BTC, becoming a new force in terms of long-term outlook. According to industry watchers, the trend sparked off following President Trump’s election win in November. As predicted, institutional investor confidence grew, anticipating clear crypto rules and a favorable environment. The subsequent rise to the all-time high further grew optimism of the asset hitting a bull cycle peak. Since November 2024, these new whales have purchased over 1 million BTC. “ A distinct cohort of high-net-worth Bitcoin holders—addresses holding at least 1,000 BTC, where each coin has an average acquisition age of less than six months—has emerged as a major force in this market cycle. These “new whales” are aggressively accumulating, signaling strong conviction in Bitcoin’s long-term outlook.” Despite the participation of new whales, the wider crypto market nosedived into double-digit losses due to global markets. The United States’ new tariffs and trade wars impacted global sentiments, leading to sell-offs. At the moment, several crypto experts have called the bear cycle after weeks in the doldrums. US tech stocks also traded in a similar direction, reinforcing the market correlation. What’s Next For Bitcoin Price? The past 30 days have marked a red wave in Bitcoin and other crypto assets. At press time, BTC price stands at $83,745, a 1.4% gain in the last 24 hours. Although present market conditions are bearish, recent whale repositioning shows renewed efforts to aim toward the $90k level. According to digital asset analyst Onchained, the new movement reacts to fresh capital. This creates short-term support for the asset before the next bull phase, which is expected to drive it above $150k.