Institutions and large holders begin "scooping up": Large-scale accumulation of Bitcoin around the $90,000 mark.
Whale surge: On January 25, 2026, data from on-chain analysis firm Santiment showed that wallet addresses holding more than 1,000 BTC (commonly referred to as "super whales") are aggressively buying. Recently, this group has cumulatively increased their holdings by approximately 104,340 BTC, with a holding increase of 1.5%.
Activity surge: The number of large daily transactions exceeding $1 million has returned to its highest point in the past two months. This typically indicates that institutional investors, family offices, or OTC (over-the-counter) desks are frequently reallocating funds.
Market signals: * Chips concentrating among large holders: While retail investors are hesitant due to recent market volatility, the continued accumulation by whales is often seen as a "ballast" at the price bottom.
Confidence restoration: With Trump signaling a relaxation of tariffs in Davos and the prospect of veteran Rick Rieder from BlackRock likely taking the helm at the Federal Reserve heating up, long-term capital is accelerating its return.
Data interpretation: Santiment points out that this level of accumulation speed is extremely rare in the turbulent market of the past year, suggesting that the "institutional bull" in the first quarter of 2026 may be transitioning from a consolidation phase to a new round of expansion.
