--- title: "Bitcoin’s latest whale trends and what they mean for traders like you" description: "Bitcoin whales have accumulated over 22,000 BTC recently, raising total holdings to over 3.44 million BTC, despite a drop in netflows by -27.69% in March. This accumulation by large holders and retail" type: "news" locale: "en" url: "https://longbridge.com/en/news/231330886.md" published_at: "2025-03-11T07:32:51.000Z" --- # Bitcoin’s latest whale trends and what they mean for traders like you > Bitcoin whales have accumulated over 22,000 BTC recently, raising total holdings to over 3.44 million BTC, despite a drop in netflows by -27.69% in March. This accumulation by large holders and retail investors indicates strong market confidence, although some whales are reducing their holdings. Bitcoin's price fluctuated between $82,000 and $98,000, currently trading under $80,000. The future price movement may depend on whether whales continue to buy or offload their assets, amidst a backdrop of increasing retail demand and long-term netflows remaining positive. - *Whales accumulated over 22,000 BTC, pushing total whale holdings beyond 3.44 million BTC* - *Bitcoin’s netflows weakened in March, dropping by -27.69% over seven days* Large Bitcoin holders and retail investors have been accumulating at an aggressive pace lately, signaling strong market confidence. In fact, on-chain data revealed that whales acquired over 22,000 BTC in just three days, pushing total whale holdings beyond 3.44 million BTC. The surge in demand coincided with a sharp price hike, pushing Bitcoin \[BTC\] from $82,000 to nearly $98,000. Worth pointing out, however, that at the time of writing, the cryptocurrency was back trading under $80,000. Source: X That’s not all though, with there being a historic spike in retail demand too. Especially with accumulator addresses climbing to an all-time high of 320,000. This dual accumulation by both large-scale investors and smaller holders hinted at a coordinated bullish momentum. Hence, the question – Is the buying spree sustainable? Source: X ## “Buy the dip” or whale manipulation? A closer look at Ali’s on-chain data showed a steady hike in whale Bitcoin holdings throughout February and early March. Over the past month, whales acquired approximately 60,000 BTC – Marking one of the most aggressive accumulation phases in recent history. The correlation between whale activity and price movements seemed evident too. Bitcoin’s price fluctuated between $82,000 and $98,000, with a dip in late February, followed by a strong recovery in early March. The timing of these purchases suggested that occasionally, large holders have been strategically accumulating during corrections. ## Are the biggest players leaving the table? Maybe, yes. Data from Glassnode and IntoTheBlock revealed crucial patterns in accumulation and distribution, highlighting their impact on the price action. Source: Glassnode Entities holding ≥1,000 BTC have been reducing their holdings since Bitcoin peaked at $106,159 in January. The number of such entities dropped from 1,720+ in December to 1,683 by March – A decline of about 2.14% over three months. This seemed to be in line with Bitcoin’s price dropping from $106k in January to $80k in March. Such a reduction suggested that whales either took profits or redistributed their holdings. Source: Glassnode A sharp drop in whale entities occurred between 7-9 March, correlating with Bitcoin’s price falling from $84,197 to $80,795. Historically, such declines indicate significant sell-offs or capital rotation into other assets. December’s stability in whale holdings aligned with a price range of $68k–$72k, showing minimal volatility before the January rally. The supply held by whales (≥100k BTC) ranged from 22.261% in February to 22.173% in March – A small but noticeable reduction. ## Who’s really in control? The 1k–10k BTC cohort saw a larger shift, falling from 16.963% in February to 16.192% in March, suggesting mid-sized whales have been selling more aggressively. Retail addresses (<1 BTC) continued to accumulate Bitcoin, showing consistent growth despite volatility. The 10–100 BTC category remained stable, indicating that mid-sized holders are less reactive to price changes than whales. The data confirmed a classic accumulation-distribution cycle, with large whales taking profits post-rally and smaller players stepping in. Netflow data from IntoTheBlock provided further confirmation of whale behavior. The largest net inflows occurred on 5 February, with +39.62k BTC entering large holders’ wallets at $97,692. This meant that whales were accumulating at high prices, anticipating further gains. Source: IntoTheBlock However, a drop in netflows followed, with only +2.08k BTC on 9 March – A sign of reduced demand from large holders. Bitcoin’s price decline from $97k in early February to $80k in March aligned with the sharp fall in its netflows. The 7-day netflow change dropped by -27.69%, while the 30-day netflow plummeted by -546.90%—Pointing to potential exhaustion in institutional accumulation. And yet, looking at the bigger picture, the 1-year netflow was up by +714.19% at press time. This indicated that while short-term whale interest may be fading, long-term conviction has not disappeared entirely. ## A ticking time bomb or a bullish setup? Whale activity has been the driving force behind Bitcoin’s recent price action. Large holders accumulated aggressively before the January peak of $106,000, but began distributing in February. The reduction in netflows and the drop in 1,000–10,000 BTC holders suggested that some whales are already cashing out. Bitcoin’s decline to $80,000 and below aligned with this distribution trend. If whales continue offloading, Bitcoin could face further corrections. However, the persistent growth in retail demand and long-term netflows means that not all investors are losing faith. Whether Bitcoin’s next move is another rally or a deeper pullback will depend on one key question – Are the remaining whales still willing to buy? ### Related Stocks - [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Quantum Resistant Ledger (QRL) - Official QRL Show Live - Date (18 February 2026) | The Official QRL Show, scheduled for February 18, 2026, at 16:00 UTC, will focus on post-quantum security and quantum co | [Link](https://longbridge.com/en/news/276197890.md) | | Trump-Backed American Bitcoin Secures Spot In Elite Corporate Crypto Circle | American Bitcoin Corp, backed by Eric Trump, has amassed 6,039 BTC, ranking it among the top 20 corporate Bitcoin treasu | [Link](https://longbridge.com/en/news/276360652.md) | | Coinbase CEO Says Crypto Exchange Is ‘Misunderstood’ | Coinbase CEO Brian Armstrong claims the cryptocurrency exchange is "misunderstood" by investors, citing Wall Street's un | [Link](https://longbridge.com/en/news/276453663.md) | | Polymarket Announces Exclusive Partnership with Substack as IPO Talks Spread | Polymarket has partnered with Substack to allow writers to integrate live prediction market data into their posts, enhan | [Link](https://longbridge.com/en/news/276474060.md) | | DL Holdings Launches Virtual Asset Dealing Under Type 1 License | DL Holdings Launches Virtual Asset Dealing Under Type 1 License | [Link](https://longbridge.com/en/news/276400982.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.