Bitcoin’s biggest investors have been on a buying spree, adding over 40,000 BTC in the past month—signaling strong confidence in the price.
Meanwhile, selling pressure on Binance is easing, and a major Head & Shoulders breakout suggests Bitcoin could be gearing up for a massive rally to $350,000.
Bitcoin Whales Accumulate Over $5.3 Billion
Data from CryptoQuant shows Bitcoin’s biggest investors are making bold moves again.
Over the past month, whales have added over $5.3 Billion worth of BTC to their holdings, pushing their total balance from 3.39 million BTC in early February to 3.46 million BTC as of early March.
That’s an increase of more than 60,000 BTC in just 30 days—a clear sign that big players are betting on higher prices.
Historically, whale accumulation signals strength in the market. These large investors don’t buy Bitcoin at this scale unless they expect it to rise.
And so far, the price has shown positive movement since these large investors started their buying activities.
BTC price recovered from its $60,000 low point in October last year to reach over $100,000.
With the current buying speed of whales, it will create robust support levels that protect Bitcoin from significant price declines.
Additionally, data from Lookonchain show a whale invested 1.735 million USDC into Hyperliquid to establish a long position on BTC, which demonstrates their expectation of Bitcoin’s upward movement.
Whale Selling Pressure on Binance Eases—Is BTC Price Ready for a Rebound?
Moreover, BTC price has been under pressure for months, largely due to whales offloading BTC on Binance. But that trend appears to be shifting.
According to CryptoQuant data, the exchange whale ratio, which measures the percentage of large inflows relative to total deposits, has been declining.
The token tends to experience significant price corrections when this ratio shows an upward trend.
Last year, from May, Bitcoin price dropped from $70,000 to below $60,000 after the ratio reached its peak.
A similar surge in early 2025 saw BTC price drop from its peak above $100,000 to its current value.
The declining whale ratio indicates that whales are participating less in sales, which might reduce market pressure.
The reduction in selling activity indicates Bitcoin may have ended its correction phase.
The market could experience a rebound if whales who previously sold start buying again.
Head & Shoulders Retest—Is $350K the Next Stop?
Looking at price action, BTC price recently validated a powerful bullish trading pattern known as the Head & Shoulders formation, according to a post on X by Tardigrade.
The technical pattern established in 2021 shows potential for a significant price increase toward $350,000 if it reaches its full development.
His analysis shows that BTC price reached its peak at over $70,000 in 2021 before experiencing a significant decline that dropped it close to $15,500 in late 2023.
After rebounding, Bitcoin reached above $60,000 during the early months of 2024 to establish the right shoulder of its pattern.
Meanwhile, the price recently tested the $70,000 area support level, which holds as a vital confirmation step that typically indicates a breakout is imminent.
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