Bitcoin Whales Accelerate Buying as Supply Gap Widens, Price Steadies

• Whale wallets added 20,061 BTC since August, despite 6.22% decline.
• The falling wedge pattern near $116,940 suggests a potential bullish reversal.
• Institutional demand surpasses supply by $12B, supporting long-term growth.

Bitcoin’s largest holders are quietly increasing their positions despite recent price weakness. On-chain data indicates steady accumulation by wallets holding between 10 and 10,000 BTC. This trend has continued while retail traders reduce exposure and analysts say these moves reflect confidence in long-term growth.

Whale and Shark Wallets Add to Holdings

According to Santiment data, whale and shark wallets have added 20,061 BTC since August 13, when Bitcoin retreated from its all-time high. Prices are down 6.22% in the same period, yet accumulation has not slowed. 

Over a broader window, these wallets have collected 225,320 BTC since March 22. This represents a 1.7% increase in their overall supply share. 

Analysts noted that activity from this group often correlates strongly with future price direction. They pointed to the consistent buying as evidence of sustained optimism among large investors.

Technical Pattern Suggests Potential Reversal

Chart analysis from CryptoBoss shows Bitcoin forming a falling wedge pattern on the 4-hour BTC/USDT chart. The correction from highs near $124,000 led to consolidation before a key test at $115,000. 

At press time, Bitcoin trades near $116,940 while attempting to break out of the wedge. A confirmed breakout could trigger renewed upward momentum. 

Institutional Demand and Policy Backdrop

Failure to clear resistance may lead to another retest near $113,110. Analysts explained that falling wedge formations are often regarded as bullish reversal signals, making the current setup a critical level to monitor.

Meanwhile, U.S. Treasury Secretary Bessent said the GENIUS Act is essential to strengthening America’s position in digital assets. His comments came as institutional demand for digital assets grows steadily. 

Bitwise reported that Bitcoin demand is now surpassing available supply by $12 billion.

The firm emphasized that when demand outpaces supply for extended periods, markets often react with sharp upward moves. Bitwise analysts highlighted current conditions as favorable for Bitcoin’s long-term trajectory.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.