   
Bitcoin whale accumulation has risen to its highest level since 2024, as whale behavior changes and prices remain under pressure.
On-chain data tracking addresses containing between 1,000 and 10,000 BTC show a clear acceleration in accumulation, supporting the view that major investors are positioned for a longer-term horizon rather than reacting to short-term volatility.
According to recent figures, total whale holdings have risen to approximately 3.204 million BTC, marking the strongest pace of accumulation in over a year.
Analysts interpret This pattern is consistent with a Wyckoff-style accumulation phase, where informed participants create exposure during periods of uncertainty and consolidation. The scale and persistence of the buildup suggests a renewed return of long-term conviction among this influential group.
Additionally, whale-driven activity on Binance increased sharply in January, with the indicator hitting nearly 0.65, its highest reading since last November. This increase usually reflects active management of positions rather than direct distribution. Whales often use liquidity to hedge volatility, rotate capital between instruments, or manage derivatives exposure while maintaining core holdings.
The flow data reinforces this interpretation, showing a net 30-day increase of approximately 152,000 BTC, suggesting a broader repositioning cycle rather than fleeting trading. Even on shorter horizons, momentum is constructive as the seven-day swing shows a positive inflow of nearly 30,000 BTC.
These developments come as Bitcoin prices weaken. According to data from CoinMarketCap, Bitcoin fell 2.11% in the last 24 hours to $68,943, slightly below the broader market’s 4.96% decline.
The drop extends a steep weekly decline of 12.58%, keeping sentiment divided between peak cycle caution and optimism tied to post-halving shortages.
With the fear and greed index at 10, the market faces macroeconomic uncertainty, technical stress and signs of on-chain capitulation. However, the concentration of accumulation among large holders suggests that Bitcoin may be entering a phase of structural consolidation driven by conviction rather than speculation.
