While retail investors scramble for the exits in a panic, Bitcoin whales have been quietly feasting. According to CryptoQuant analyst Caueconomy, these deep-pocketed players—defined as wallets holding at least 10 BTC—have accumulated a staggering 65,000 Bitcoin over the past 30 days. Yeah, during the same market downturn that sent everyone else running.
As panic sweeps the retail crowd, Bitcoin whales feast quietly, gobbling up 65,000 BTC while others flee the market.
The contrast couldn’t be clearer. The Fear and Greed Index has plunged into “Fear” territory. Small investors are dumping their holdings faster than bad milk. A whopping $800 million got liquidated in just 24 hours. Funding rates hit their lowest point since August 2024. Social media? A cesspool of doom and gloom.
Bitcoin currently trades at $81,678, still down 30% from January’s all-time high. It touched a four-month low of $77,000 on March 11 before bouncing back slightly. Trading volume hit $32.5 billion in the last day. The whales don’t seem concerned.
On-chain data backs this up. Large holders’ netflow jumped 23% in just a week. Bitcoin supply on exchanges dropped 0.5% in 24 hours—a sign coins are moving to cold storage. Whales have begun buying again in March after a period of dumping their holdings between mid-February and early March. Someone’s playing the long game here.
This isn’t the whales’ first rodeo. They’ve displayed similar behavior during the November-December 2024 period. Buy when others are fearful. Absorb the supply from panicking retailers. Wait. Profit. Rinse and repeat.
Institutional interest remains strong despite the bloodbath. Binance recorded $7.3 billion in whale inflows over 30 days. The Coinbase premium—a key indicator of institutional demand—continues forming higher lows. ETF outflows have occurred, but whale buying is offsetting the pressure. These deep-pocketed investors are leveraging tools like Whale Alert and BitInfoCharts to track blockchain movements and inform their strategic accumulation. The limited supply cap of Bitcoin makes these large accumulations particularly significant for future price movements.
What does this mean for the market? Potentially, price stabilization. Maybe even a rebound. Supply dynamics are shifting as more Bitcoin concentrates in fewer hands. The whales are betting big on Bitcoin’s future. And they’re getting it at a discount while everyone else panics.
