Bitcoin Whales Accumulate $13B, $90K Price Surge Possible?

Bitcoin whales have poured $13 Billion into the market despite slowing liquidity and capital inflows.

Long-term holders are holding firm, while the Fed’s policy shift has pushed BTC price toward $86,000.

Bitcoin Long-Term Holders Defy Sell-off Trends

Bitcoin long-term holders (LTHs) remain unfazed despite the recent price correction, showing strong conviction in the asset’s future.

New research from Glassnode highlights a “unique market dynamic,” with LTHs reducing their sell-side pressure despite Bitcoin’s drop to a four-month low of $76,600 on March 11.

Glassnode’s March 18 market report shows a decline in the Binary Spending Indicator, signaling reduced spending from LTHs.

Historically, intense selling from this group aligns with market tops, but the current trend suggests continued accumulation. Glassnode wrote,

“This suggests that there is a greater willingness to hold than to spend coins among this cohort.”

The firm noted that LTHs continue to hold onto their unrealized profits, indicating expectations of further upside.

Whale Accumulation Spikes As Fed Signals Rate Cuts

Institutional and high-net-worth investors have ramped up Bitcoin accumulation, further reinforcing bullish sentiment.

Data from CryptoQuant reveals that wallets holding at least 1,000 BTC have added over 1 million BTC since November 2024.

The pace has accelerated, with more than 200,000 BTC acquired this month alone.

According to Cryptoquant analyst Onchained,

“This sustained inflow highlights a shift in market dynamics, suggesting increased institutional or high-net-worth participation.”

Meanwhile, Bitcoin ETFs reversed their three-week selling streak, recording $512 million in inflows in three trading days.

On March 20 alone, according to SosoValue, ETFs attracted $209 million in net inflows.

Whale transactions exceeding $100,000 also surged, with daily volume jumping from $32 Billion to $42.9 Billion ahead of the Federal Reserve’s rate decision.

Bitcoin Price Rallies Toward $86K as Fed Holds Steady

Bitcoin extended its price recovery on March 19, surging toward $86,000 after the Federal Open Market Committee (FOMC) left interest rates unchanged.

Meanwhile, reacting to the Fed news, the Dow Jones index gained around 400 points.

The Fed also confirmed a reduction in its quantitative tightening (QT) policy, aligning with expectations of two rate cuts in 2025.

Crypto and equity markets responded positively. Bitcoin price hit an intraday high of $84,263.

Traders view the Fed’s policy shift as a potential catalyst for continued upside.

Several analysts remain optimistic. Merlijn The Trader noted that Bitcoin’s RSI signals an oversold condition, historically leading to “HARD RALLIES.”

Others, like IncomeSharks, pointed to strong support levels holding firm, reinforcing bullish sentiment.

Despite the Bitcoin price surge, not all market participants agree on the trajectory.

CryptoQuant CEO Ki Young Ju warned that the bull cycle may be over, anticipating 6-12 months of sideways or bearish price action.