Analysis: Bitcoin whales accelerate accumulation, approaching $80k may trigger a long-term bull market signal

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BlockBeats News, on April 25th, as Bitcoin price approaches the $80k mark, on-chain data shows that whales are rapidly increasing their BTC holdings, and the market may be entering a critical trend reversal phase.

Santiment states that the key address group holding between 10 and 10,000 BTC has accumulated approximately 40,967 BTC since April 10th, worth about $3.17 billion. Meanwhile, small holders (<0.1 BTC) have only added about 46 BTC during the same period, valued at approximately $3.56 million.

The platform points out that this structure of “whales continuously buying, retail investors gradually taking profits” has historically often corresponded to stronger medium- to long-term upward trends and may constitute “one of the strongest bull signals.”

In the market, BTC once rose to $79,327 before falling back to around $77,390, with a total increase of about 8.6% over the past 30 days. Analysts believe that if BTC breaks through the $80k threshold, it could re-activate market sentiment and attract additional capital.

Additionally, Bitwise Europe’s research director stated that institutional demand is accelerating significantly, while Santiment also pointed out that market sentiment has shifted from “extremely pessimistic” to “strong FOMO,” but overall remains in the “fear” zone, indicating that the market has not yet become overheated.

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