Powerful Bitcoin holders have released $4-billion back into the cryptocurrency in what is being read as a signal that sell-off is being aggressively absorbed.
This is the bullish analysis of Nigel Green, CEO of deVere Group, as new on-chain data show that wallets holding more than 1 000 Bitcoin accumulated roughly 53 000 coins in the past week – the most aggressive buying spree since November.
The purchases come after months of heavy distribution and a drawdown that has left Bitcoin around 40% below its October peak.
For a market driven by liquidity flows and capital conviction, the shift is material. ‘Whale wallets’ had been persistent sellers through much of the correction, he says.
Their abrupt return to accumulation interrupts that trend and suggests that deep-pocketed investors view current levels as strategic entry points rather than precursors to further sustained weakness.
“Large holders, or the so-called whales, are absorbing supply in size,” Green explains. “When wallets of this magnitude step back in after a prolonged sell-off, it reflects high conviction. They’re seemingly positioning ahead of broader participation returning.”
The 53 000 BTC accumulated in a single week equates to more than $4-billion at prevailing prices. In a market where newly mined supply remains structurally limited, concentrated buying by long-term holders tightens available float. Liquidity conditions can shift quickly once supply is pulled into strong hands.
Green comments: “Bitcoin’s correction from its October high has tested sentiment. Retail flows have slowed and short-term traders have remained cautious. Whale behaviour, however, often diverges from surface-level sentiment.
“Sustained accumulation phases by large wallets during periods of price weakness have historically preceded powerful upside moves once demand broadens.”
He adds: “Smart capital tends to move before consensus shifts.
“A 40% pullback resets positioning and removes excess leverage. Whales accumulating at this stage are signalling that they see long-term value and scarcity.”