Published: Feb 7, 2025 at 01:52 AM
- Whale activity shows Bitcoin could be gearing up for significant growth.
- Large inflows suggest that big players are driving Bitcoin’s price higher.
- The surge in both price and whale buying points to an exciting market shift.
The chart shared by analyst Vivek provides a detailed analysis of Bitcoin’s price movements and whale activity over the past few years. It clearly illustrates the relationship between Bitcoin’s price, represented by the grey line, and the inflows, depicted by the purple line. Both of these are further accompanied by their respective 30-day simple moving averages, which help smooth out short-term volatility and highlight longer-term trends.
Bitcoin’s price has seen fluctuations, especially from mid-2023 through early 2025. Beginning at around $20K in mid-2023, Bitcoin’s price surged to nearly $50K by early 2025. This sharp rise coincides with a notable increase in the inflow of capital into Bitcoin, particularly in the later part of 2024 and into 2025.
The inflow data, marked by large purple bars, shows a dramatic spike during these periods, indicating that large-scale investors or whales are actively increasing their Bitcoin holdings. The intensity of these inflows suggests a strong institutional presence in the market, contributing to upward pressure on Bitcoin’s price.
The correlation between these large inflows and Bitcoin’s price growth is clear. As the inflows surged, the price followed suit, demonstrating that whale activity is significantly driving the current market rally. The chart also reveals periods of consolidation, where Bitcoin’s price drops below its SMA30, only to rebound and continue its upward trajectory. This behavior further indicates that while Bitcoin’s price experiences brief corrections, the general trend is one of growth, largely driven by whale buying.
Vivek offers an insightful interpretation of these trends, suggesting that the whale activity observed in the chart is unlike anything seen before. He emphasizes that the current market dynamics signal a major shift, with something big potentially on the horizon for Bitcoin. His tweet on February 6, 2025, which accompanies the chart, underscores this perspective with the statement: “WHALERS ARE BUYING BITCOIN LIKE NEVER SEEN BEFORE. SOMETHING IS COMING BIG TIME.” The chart, which shows the extraordinary surge in both inflows and price, serves as evidence of an ongoing and substantial market move, possibly foreshadowing further price increases.
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