FameEX Hot Topics | Bitcoin Whale Activity Poised for Biggest Week of 2025, Analysts Say

Bitcoin whale activity has surged dramatically this week, coinciding with the sharpest crypto market pullback in months. According to Santiment’s Wednesday analysis, over 102,000 transactions exceeding $100,000 and more than 29,000 above $1 million have already been recorded, putting 2025 on course for its most active whale week yet. Bitcoin itself fell below $90,000 for the first time since April, fueling speculation that large holders were behind the sell-off.

However, the narrative is shifting from dumping to accumulation. Santiment noted that the context of these massive moves is “gradually turning from dumping to accumulating again.” On-chain data from Glassnode reinforces this view: since late October, large holders have been net buyers, and wallets holding over 1,000 BTC have spiked sharply since last Friday.

Market voices are increasingly bullish on the dip-buying trend. Bradley Duke, head of Bitwise Asset Management Europe, observed on Wednesday that “while fear and panic had afflicted many investors, the number of BTC whales has spiked up of late.” He emphasized that sophisticated large holders are staying calm and scooping up discounted Bitcoin from panicked retail sellers.

Some forced selling pressure may still be working through the system. Multicoin Capital’s Tushar Jain pointed to systematic selling during specific hours, likely tied to 10/10 liquidation events, but added that “it’s hard to imagine this scale of forced selling continues for much longer.” Meanwhile, BitMine chairman Tom Lee and Bitwise CIO Matt Hougan predicted as early as Monday that Bitcoin could find a bottom this very week, setting the stage for a potential reversal as whale accumulation dominates.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.