• bitcoinBitcoin (BTC) $ 107,287.00
  • ethereumEthereum (ETH) $ 2,520.98
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.31
  • bnbBNB (BNB) $ 655.57
  • solanaSolana (SOL) $ 174.62
  • usd-coinUSDC (USDC) $ 0.999814
  • dogecoinDogecoin (DOGE) $ 0.226390
  • cardanoCardano (ADA) $ 0.751070
  • tronTRON (TRX) $ 0.269150
  • staked-etherLido Staked Ether (STETH) $ 2,521.82
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,362.00
  • suiSui (SUI) $ 3.60
  • hyperliquidHyperliquid (HYPE) $ 32.82
  • wrapped-stethWrapped stETH (WSTETH) $ 3,039.88
  • chainlinkChainlink (LINK) $ 15.64
  • avalanche-2Avalanche (AVAX) $ 23.14
  • stellarStellar (XLM) $ 0.286568
  • bitcoin-cashBitcoin Cash (BCH) $ 428.47
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • leo-tokenLEO Token (LEO) $ 8.80
  • hedera-hashgraphHedera (HBAR) $ 0.190774
  • the-open-networkToncoin (TON) $ 2.98
  • litecoinLitecoin (LTC) $ 95.54
  • moneroMonero (XMR) $ 393.13
  • wethWETH (WETH) $ 2,519.26
  • polkadotPolkadot (DOT) $ 4.57
  • usdsUSDS (USDS) $ 0.999811
  • bitget-tokenBitget Token (BGB) $ 5.47
  • wrapped-eethWrapped eETH (WEETH) $ 2,696.26
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • pepePepe (PEPE) $ 0.000014
  • pi-networkPi Network (PI) $ 0.747455
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 31.70
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,023.00
  • aaveAave (AAVE) $ 255.29
  • daiDai (DAI) $ 0.999812
  • bittensorBittensor (TAO) $ 419.33
  • uniswapUniswap (UNI) $ 5.98
  • nearNEAR Protocol (NEAR) $ 2.81
  • aptosAptos (APT) $ 5.37
  • jito-staked-solJito Staked SOL (JITOSOL) $ 208.99
  • okbOKB (OKB) $ 52.23
  • ondo-financeOndo (ONDO) $ 0.936737
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • crypto-com-chainCronos (CRO) $ 0.095193
  • ethereum-classicEthereum Classic (ETC) $ 18.53
  • kaspaKaspa (KAS) $ 0.106645
  • internet-computerInternet Computer (ICP) $ 5.24
  • tokenize-xchangeTokenize Xchange (TKX) $ 33.28
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • gatechain-tokenGate (GT) $ 21.30
  • official-trumpOfficial Trump (TRUMP) $ 12.52
  • mantleMantle (MNT) $ 0.735200
  • render-tokenRender (RENDER) $ 4.70
  • vechainVeChain (VET) $ 0.028060
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.849077
  • cosmosCosmos Hub (ATOM) $ 4.81
  • ethenaEthena (ENA) $ 0.371783
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.235594
  • worldcoin-wldWorldcoin (WLD) $ 1.35
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,298.00
  • susdssUSDS (SUSDS) $ 1.05
  • algorandAlgorand (ALGO) $ 0.225847
  • filecoinFilecoin (FIL) $ 2.85
  • arbitrumArbitrum (ARB) $ 0.392745
  • fasttokenFasttoken (FTN) $ 4.42
  • bonkBonk (BONK) $ 0.000021
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.993967
  • celestiaCelestia (TIA) $ 2.53
  • jupiter-exchange-solanaJupiter (JUP) $ 0.558489
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.60
  • binance-staked-solBinance Staked SOL (BNSOL) $ 185.95
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,518.42
  • sonic-3Sonic (prev. FTM) (S) $ 0.472931
  • fartcoinFartcoin (FARTCOIN) $ 1.45
  • kucoin-sharesKuCoin (KCS) $ 11.39
  • blockstackStacks (STX) $ 0.911083
  • quant-networkQuant (QNT) $ 94.55
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,631.12
  • optimismOptimism (OP) $ 0.746290
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.95
  • injective-protocolInjective (INJ) $ 12.93
  • nexoNEXO (NEXO) $ 1.25
  • sei-networkSei (SEI) $ 0.228722
  • flare-networksFlare (FLR) $ 0.018523
  • immutable-xImmutable (IMX) $ 0.644684
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,868.29
  • story-2Story (IP) $ 4.18
  • usdt0USDT0 (USDT0) $ 1.00
  • dogwifcoindogwifhat (WIF) $ 1.12
  • eosEOS (EOS) $ 0.734326
  • xdce-crowd-saleXDC Network (XDC) $ 0.069830
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,313.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.785189
  • the-graphThe Graph (GRT) $ 0.109702
  • makerMaker (MKR) $ 1,629.24
  • flokiFLOKI (FLOKI) $ 0.000102
  • msolMarinade Staked SOL (MSOL) $ 224.88
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,688.19
  • raydiumRaydium (RAY) $ 3.14
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999345
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 192.67
  • theta-tokenTheta Network (THETA) $ 0.874079
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,466.00
  • jasmycoinJasmyCoin (JASMY) $ 0.017548
  • galaGALA (GALA) $ 0.018926
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,649.26
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • clbtcclBTC (CLBTC) $ 107,490.00
  • wbnbWrapped BNB (WBNB) $ 657.48
  • tether-goldTether Gold (XAUT) $ 3,353.78
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.012912
  • coredaoorgCore (CORE) $ 0.805762
  • pax-goldPAX Gold (PAXG) $ 3,358.96
  • spx6900SPX6900 (SPX) $ 0.855299
  • iotaIOTA (IOTA) $ 0.209651
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,655.66
  • lido-daoLido DAO (LDO) $ 0.861682
  • pyth-networkPyth Network (PYTH) $ 0.134356
  • zcashZcash (ZEC) $ 47.46
  • the-sandboxThe Sandbox (SAND) $ 0.310016
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.32
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.11
  • walrus-2Walrus (WAL) $ 0.557428
  • bitcoin-svBitcoin SV (BSV) $ 36.75
  • heliumHelium (HNT) $ 3.97
  • bittorrentBitTorrent (BTT) $ 0.00000072
  • dexeDeXe (DEXE) $ 12.44
  • pendlePendle (PENDLE) $ 4.29
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 106,468.00
  • kaiaKaia (KAIA) $ 0.115515
  • thorchainTHORChain (RUNE) $ 1.92
  • jito-governance-tokenJito (JTO) $ 2.01
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999749
  • flowFlow (FLOW) $ 0.408463
  • tezosTezos (XTZ) $ 0.617600
  • based-brettBrett (BRETT) $ 0.064785
  • ousgOUSG (OUSG) $ 111.17
  • usual-usdUsual USD (USD0) $ 0.997715
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.03
  • chain-2Onyxcoin (XCN) $ 0.018376
  • grassGrass (GRASS) $ 2.22
  • decentralandDecentraland (MANA) $ 0.315134
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.225719
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,509.06
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 106,938.00
  • super-oethSuper OETH (SUPEROETH) $ 2,506.84
  • ketKet (KET) $ 0.531804
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,617.55
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,692.54
  • apecoinApeCoin (APE) $ 0.644781
  • elrond-erd-2MultiversX (EGLD) $ 18.01
  • aioz-networkAIOZ Network (AIOZ) $ 0.427603
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,519.26
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008657
  • dydx-chaindYdX (DYDX) $ 0.631588
  • true-usdTrueUSD (TUSD) $ 0.999581
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999754
  • aerodrome-financeAerodrome Finance (AERO) $ 0.601255
  • popcatPopcat (POPCAT) $ 0.494782
  • starknetStarknet (STRK) $ 0.155850
  • tbtctBTC (TBTC) $ 107,264.00
  • arweaveArweave (AR) $ 7.29
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004700
  • movementMovement (MOVE) $ 0.182937
  • aethirAethir (ATH) $ 0.051450
  • axie-infinityAxie Infinity (AXS) $ 2.86
  • kaitoKAITO (KAITO) $ 1.91
  • neoNEO (NEO) $ 6.50
  • conflux-tokenConflux (CFX) $ 0.090383
  • roninRonin (RON) $ 0.693612
  • mog-coinMog Coin (MOG) $ 0.000001
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999812
  • ecasheCash (XEC) $ 0.000023
  • pumpbtcpumpBTC (PUMPBTC) $ 102,260.00
  • wormholeWormhole (W) $ 0.096953
  • kavaKava (KAVA) $ 0.411408
  • beldexBeldex (BDX) $ 0.062303
  • telcoinTelcoin (TEL) $ 0.004818
  • deepDeepBook (DEEP) $ 0.176037
  • saros-financeSaros (SAROS) $ 0.166607
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.10
  • apenftAPENFT (NFT) $ 0.00000043
  • chilizChiliz (CHZ) $ 0.044015
  • eigenlayerEigenlayer (EIGEN) $ 1.40
  • akash-networkAkash Network (AKT) $ 1.53
  • morphoMorpho (MORPHO) $ 1.52
  • syrupMaple Finance (SYRUP) $ 0.385578
  • wrapped-hypeWrapped HYPE (WHYPE) $ 32.80
  • hashnote-usycCircle USYC (USYC) $ 1.10
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 37.14
  • usdbUSDB (USDB) $ 1.00
  • beam-2Beam (BEAM) $ 0.007709
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • plumePlume (PLUME) $ 0.164162

Bitcoin Whales Are Back—Could This Be the Catalyst for the Next Rally?

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Bitcoin Whales Are Back—Could This Be the Catalyst for the Next Rally?

Bitcoin (BTC) continues to trade below the psychological $90,000 level, with its price standing at $82,346. This marks a 24.3% drop from its all-time high above $109,000 recorded in January.

Despite this downward trend, new on-chain data suggests that a surge of high-net-worth investors, or “new whales,” has been accumulating BTC aggressively, which could have significant implications for the market’s trajectory.

According to CryptoQuant analyst onchained, a distinct group of Bitcoin holders with at least 1,000 BTC—acquired within the past six months—has been actively accumulating.

This trend, which started in November 2024, has accelerated significantly in recent weeks, with these new whales amassing over 1 million BTC in total and adding more than 200,000 BTC just this month alone.

New Whales Drive Market Accumulation

Onchained’s analysis highlights that this unprecedented accumulation trend indicates strong confidence in Bitcoin’s long-term outlook. The rapid expansion of new whale holdings suggests that institutional investors or high-net-worth individuals are increasing their exposure to Bitcoin.

Bitcoin Whales Are Back—Could This Be the Catalyst for the Next Rally?

The data further reveals that the majority of these newly acquired holdings are being retained for short periods (less than six months), reinforcing the idea that investors see value at current price levels and are willing to hold despite market fluctuations.

If this accumulation trend continues, it could serve as a strong support mechanism for Bitcoin’s price in the coming months. Onchained also speculated that Bitcoin could revisit its all-time high and potentially break beyond it, mentioning possible price targets of $150,000 or even $160,000.

However, market conditions, liquidity, and investor sentiment will play a crucial role in determining the sustainability of this trend.

The Surge of New Bitcoin Whales

“Since November 2024, these wallets have collectively acquired over 1 million BTC… Their accumulation pace has accelerated notably in recent weeks, accumulating more than 200,000 BTC just this month.” – By @0nchained pic.twitter.com/jVsFPjY8WA

— CryptoQuant.com (@cryptoquant_com) March 18, 2025

Is Bitcoin Demand Weakening?

While whale accumulation suggests strong long-term conviction, another CryptoQuant analyst, BilalHuseynov, has pointed out potential concerns about Bitcoin’s demand momentum.

His analysis shows that Bitcoin saw peaks in demand in both March and December 2024, marking the first time two demand peaks have occurred in close succession. However, following the March peak, a significant decline in demand has been observed.

BilalHuseynov compared the current trend to previous market cycles, specifically the 2017-2018 period, when momentum peaks were followed by price fluctuations and a gradual decline in demand.

While factors such as market size, trading volume, and liquidity have changed significantly since then, the current trend suggests that Bitcoin’s demand may be softening, which could impact price movements in the near term.

Bitcoin Whales Are Back—Could This Be the Catalyst for the Next Rally?

Feature image created with DALL-E, Chart from TradingView

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