Bitcoin Whale Accumulation Hits Highest Level Since 2024 Amid BTC Price Weakness

Whale-driven activity on Binance rose to around 0.65 in January.

There was a structural change among Bitcoin (BTC) whales holding between 1,000 and 10,000 BTC.

This set of whaling rates has increased significantly, rising to the strongest level since 2024 and indicating a major change in long-term trends.

Big Bitcoin Managers Get In

Recent readings shared by CryptoQuant analysts reveal an increase in the speed at which these companies are adding to their holdings compared to previous periods. As a result, the total Bitcoin controlled by whales increased to about 3.204 million BTC. This reflects the long-term interest rate recovery from this collection.

At the same time, the whale activity metrics on the Binance exchange show a significant increase in the share of trading activity attributed to large owners, as the index reached about 0.65 in January, which is the highest level since November. This pattern is often associated with active position management, where whales use part of their capital to attract volatility, swap between instruments, or open or close derivatives while maintaining long-term holdings.

Flow data also supports this trend. In the last 30 days, whale rates have increased by about 152,000 BTC, in what appears to be a strong acceleration in net accumulation, indicating that the current formation is going beyond a short-term movement.

In the short horizon, the 7-day trend also remained positive at around 30,000 BTC, which means that the momentum of accumulation is not changing in most time periods. As such, the on-chain balance data and exchange rate activity suggest that the world’s largest crypto asset is entering a phase of structural consolidation led by major holders rather than the extremes assumed.

Bitcoin FUD is on the rise

The recent rallying trend has occurred against a backdrop of intense market pressure, as Bitcoin fell more than 6% on January 30, sparking renewed bearish volatility.

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As a result, negative comments about Bitcoin on social media have risen to the highest level seen this year. Santiment found that traders were showing fear, uncertainty, and doubt after the crypto asset fell below $82,000, the lowest price since November 21. According to the analysis platform, periods of extreme fear have historically indicated that a market selloff is imminent.

Capitulation is usually followed by retail investors selling their holdings, after which the smart money usually accumulates the coins. This process has previously led to higher prices over time. Santiment added that near-term conditions may remain volatile, as recent retreats in equities, gold, and silver are also impacting crypto markets.