Bitcoin ($BTC) is making waves in the crypto market as large investors, often referred to as “whales,” display strong confidence through significant accumulation. According to a recent post on X by Ali (@ali_charts), some of the biggest whales on the network have purchased over 30,000 BTC in just 96 hours as of June 3, 2025.
The chart shared by Ali, sourced from Santiment, highlights this buying spree among wallets holding between 1,000 and 10,000 BTC, showing a clear uptick in activity despite Bitcoin’s price volatility.
The chart illustrates Bitcoin’s price movement alongside the accumulation trend, with the price peaking above $112K in late May before dipping to around $100K by early June. This “buy-the-dip” behavior suggests that these whales see the current price levels as an opportunity, potentially anticipating further upside. The right axis of the chart also tracks the total BTC held by these wallets, which has risen sharply, reflecting their growing confidence in Bitcoin’s long-term value.
Adding to this bullish sentiment, another X post by Santiment (@santimentfeed) on June 3, 2025, revealed that 151,820 key stakeholder wallets (holding 10 to 10,000 BTC) have collectively added 79,244 BTC over the past week, averaging 11,321 BTC daily. This accumulation comes at a time when Bitcoin is trading at $105,345.09, according to CoinDesk data on June 3, 2025.
Santiment’s on-chain analytics, trusted by hedge funds and retail investors since 2016, underscores the growing conviction among large holders, even amidst a 40% drop in major crypto hacks in May 2025, as reported by PeckShield.
This whale activity aligns with earlier research from Glassnode in March 2025, which noted that long-term holders (LTHs) were holding onto profits despite a 30% correction, signaling a “unique market dynamic.” While past accumulation trends don’t guarantee price increases, the current buying frenzy could indicate a bullish outlook for Bitcoin in the near future.
However, the crypto market remains highly speculative, and investors should remain cautious as volatility persists. As whales continue to stack BTC, the question remains: will this accumulation spark the next rally, or is a larger correction on the horizon?
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.
