Whales accumulate, the market buzzes: what is happening with BTC
On-chain:
• The number of wallets with 100+ BTC has increased by +753 (+3.9%) over 3 months
→ meanwhile, the price has fallen by -20%
👉 This is a classic bullish divergence: large players are buying on the dip
• BTC-ETFs are showing record volumes
→ up to $31.6 billion per day
→ all top volumes have occurred in the last weeks
👉 The market has become maximally active and polarized
What is happening under the hood:
• After the fall, liquidity sharply increased (panic and redistribution)
• Now liquidity is decreasing while the price is rising
👉 This is important:
The rise is not based on strong demand, but on weakening sellers
• Additionally:
Large deposits on exchanges have increased with prices above $73k
→ this is a signal of possible pressure during the rise
The market is currently in a transitional phase:
Whales are accumulating, but demand is still weak.
📌 Without liquidity inflow, the rise may be temporary
📌 But such divergences often form near the bottom