Analysis: Bitcoin whales accelerate accumulation, approaching $80,000 may trigger a long-term bull market signal

BlockBeats reported that on April 25, as the price of Bitcoin approached the $80,000 mark, on-chain data showed that whales are rapidly accumulating BTC, and the market may be entering a key trend reversal phase.

Santiment stated that key address groups holding between 10 and 10,000 BTC have accumulated approximately 40,967 BTC since April 10, worth about $3.17 billion. Meanwhile, small holders (<0.1BTC) only increased their holdings by around 46 BTC during the same period, worth approximately $3.56 million.

The platform pointed out that this structure of "whales continuing to buy and retail investors gradually taking profits" has historically corresponded to a stronger medium- to long-term upward trend, and may represent "one of the strongest bull market signals."

On the market side, BTC once rose to $79,327 before falling back to around $77,390, with a cumulative increase of about 8.6% in the past 30 days. Analysts believe that if BTC breaks through the $80,000 mark, it is expected to rekindle market sentiment and attract additional capital inflows.

In addition, the Head of Research for Europe at Bitwise stated that institutional demand is clearly accelerating, while Santiment also noted that market sentiment has shifted from "extremely pessimistic" to "strong FOMO," but overall remains in the "fear" range, indicating that the market is not yet overheated.