- Bitcoin whales added 129K BTC since March 11, marking the highest accumulation rate since August 2024, signaling strong confidence.
- Market trends show alternating accumulation and distribution phases, with Bitcoin maintaining resilience despite whale sell-offs.
- Unfilled CME gap may move short-term price retracements, influencing Bitcoin’s next move amid ongoing market consolidation.
Bitcoin whales have intensified accumulation, adding 129,000 BTC since March 11. This marks the highest accumulation rate since August 2024. The surge in whale holdings signals strong confidence from major players in Bitcoin’s long-term trajectory.
Whale Accumulation Patterns and Market Trends
The Bitcoin whale supply position change has alternated between accumulation and distribution phases. A period of buildup occurred for the coin between December 2023 and February 2024, then Bitcoin rose past $40,000.
In 2024, distribution from March to April changed. Whales sold off a lot of Bitcoin, which caused price swings. Nevertheless, Bitcoin remained on the rise in spite of selling pressure. Acquisition picked back up between May and July 2024, suggesting that big holders were once again interested in purchasing.
August to November 2024 marked a sharp distribution phase. Whale position changes showed outflows, yet Bitcoin’s price remained resilient. December 2024 to early 2025 witnessed alternating accumulation and distribution phases. The price remained stable, suggesting a period of market consolidation.
CME Gaps and Short-Term Price Action
Bitcoin’s futures market has displayed price gaps, influencing trader sentiment according to Daan Crypto Trades. A CME gap, created after a sharp price drop, was recently filled. Following this recovery, Bitcoin entered a consolidation phase before establishing a new trend.
A second CME gap remains unfilled at a lower price range. Historically, unfilled gaps attract price retracements, making them crucial areas for traders. Bitcoin’s futures price stands at $85,970, with strong liquidity zones reflecting active market participation.
The market structure exhibits higher highs and higher lows. However, the recent decline has raised concerns about a potential pullback. If Bitcoin trends lower, it may revisit the unfilled CME gap. This could act as a pivot area for short-term price movement.
