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Bitcoin Whales Accumulate $63 Billion, Eyeing Potential Price Surge
Despite a recent 5.8% dip from its all-time high last month, Bitcoin continues to draw significant attention in the crypto market. Currently, Bitcoin trades at $105,062, down 1.1% over the past day. Amidst this pullback, a pivotal market shift has been observed with substantial investments by new Bitcoin whales. These investors, characterized by holding at least 1,000 BTC with coins aged less than six months, have aggressively increased their stakes.
Market Dynamics and Whale Activities
Between March 1 and June 4, 2025, the holdings of these new whales surged impressively, doubling their Bitcoin possession from about 500,000 BTC to more than 1.1 million BTC. This rapid accumulation, valued at approximately $63 billion, has notably expanded their share of Bitcoin’s total circulating supply from 2.5% to 5.6%. This strategic accumulation removes a significant volume of Bitcoin, nearly ten months of mining output, from the active market, pointing to a tightening of available supply.
This $63 news of rapid accrual by new whales indicates not just strategic long-term holding but also an active absorption of supply, which historically precedes periods of notable price movements. Analysts are viewing this pattern as a potential setup for future price volatility due to the decreased circulation and continued holding by these large-scale investors.
Technical Analysis and Future Predictions
From a technical standpoint, Bitcoin appears to be forming a bullish breakout pattern. A noted crypto analyst, the “Titan of Crypto,” highlighted a breakout from a right-angled descending broadening wedge, a chart formation that often signals a trend reversal. If Bitcoin maintains its position above this critical breakout zone, it could potentially reach a target of $135,000 by 2025.
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