Analysis: Bitcoin Whale Accelerates Accumulation, Nearing $80,000 or Triggering Long-Term Bull Market Signal

BlockBeats News, April 25th. As the price of Bitcoin approached the $80,000 mark, on-chain data shows that whales are rapidly accumulating BTC, indicating a potential key turning point in the market.

Santiment has indicated that the key address group holding between 10 and 10,000 BTC has accumulated approximately 40,967 BTC since April 10th, valued at around $3.17 billion. In contrast, small holders (<0.1 BTC) have only increased their holdings by about 46 BTC, worth approximately $3.56 million during the same period.

The platform pointed out that this "whale accumulation and gradual profit-taking by retail investors" pattern has historically been associated with stronger medium to long-term upward trends and may constitute "one of the strongest bull market signals."

In terms of the market, BTC briefly rose to $79,327 before falling back to around $77,390, representing a cumulative increase of about 8.6% over the past 30 days. Analysts believe that if BTC breaks through the $80,000 mark, it is likely to reignite market sentiment and attract incremental capital.

Furthermore, Bitwise's Director of Research in Europe mentioned that institutional demand is significantly increasing. Santiment also noted that market sentiment has shifted from "extreme fear" to "strong FOMO," but overall remains in the "fear" zone, indicating that the market has not yet fully overheated.