empty
28.02.2022 04:30 PM
Bitcoin whales are actively accumulating bitcoin, retail investors are aggressively buying back the fall amid geopolitical risks

Network analytics companies report that cohorts of bitcoin wallets began accumulating BTC after Russia invaded Ukraine. Whales' bitcoin transactions have reached the highest level as the accumulation of coins continues.

Against this background, analysts are looking for possible signs of a breakthrough in the price trend of the main cryptocurrency.

The growth of transactions by BTC-whales

According to Glassnode, 76.5% of bitcoins have not been moved from their main storage over the past six months. The number of unspent digital coins held by large market participants who bought the asset ten years ago has increased since 2020.

The number of bitcoin transactions for $ 100,000 to $ 1 million has peaked, indicating a surge in accumulation and a reduction in the circulating supply of the asset.

The accumulation of bitcoins is recorded by the BTC HODL-waves graph from Glassnode. It shows the active offer bar by age of the repositories. The indicator is considered important for predicting the next movement of Bitcoin.

Bitcoin: is it possible to prepare for a rally?

Historically, the accumulation of the main cryptocurrency by whales indicates an upcoming price rally. The assessment of the trend accumulation of a cohort of wallets from Glassnode is used to determine the change in the BTCUSD trend.

It is noted that large purchases of the main cryptocurrency by whales at the end of January 2021 pushed the asset price up by 15%. A similar event may occur if the whales stick to their "buy fall" strategy.

Currently, the indicator shows a fairly wide accumulation from September 2021 to February 2022.

Small investors are also buying out the fall

The aggressive purchase of BTCUSD by small investors began to fuel the upward trend. Analysts note that the accumulation of bitcoin whales combined with aggressive purchases by small investors can provoke a price increase in the main cryptocurrency. It is known that in the past retail investors have imitated the buying behavior of whales.

Buying and accumulating whales can help bitcoin bulls keep the asset price above $ 40,000 if the dynamics from January and February 2022 remain unchanged.

The market notes that bearish concerns about the price of bitcoin are still prevailing, while geopolitical tensions are only increasing.

When is the transition to an upward trend possible? For my part, I consider the consolidation of the main cryptocurrency above the value of $ 40,000 per coin to be such a signal.

This image is no longer relevant

Ekaterina Kiseleva,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin. May 23rd. Smart Money System Analysis

Bitcoin continues to form a bullish trend structure. One could argue whether there are real reasons for a new bullish trend at the moment, but the chart suggests only that—unambiguously

Samir Klishi 20:04 2025-05-23 UTC+2

TRUMP official: crypto community, protests, and politics

On the evening of May 22, 2025, a unique event took place at the Trump National Golf Club in Virginia — a dinner hosted by Donald Trump with the largest

Jurij Tolin 16:49 2025-05-23 UTC+2

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday May 23, 2025.

It appears that the price movement of the Doge Cryptocurrency on the 4-hour chart is moving above the WMA (21) which has a slope that is going upwards

Arief Makmur 09:04 2025-05-23 UTC+2

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday May 23, 2025.

If we look at the 4-hour chart of the Ripple cryptocurrency, it appears to be moving above the WMA (21) which has a steep slope and has successfully broken

Arief Makmur 09:04 2025-05-23 UTC+2

Bitcoin Forecast for May 23, 2025

On Thursday, Bitcoin's price reached the target level of 111,770. The Marlin oscillator appears to be lagging behind the price, giving the impression of a potential divergence — though unconventional

Laurie Bailey 04:45 2025-05-23 UTC+2

Bitcoin aims to hit $120,000? What lies behind its rally and when to expect retracement

On May 22, Bitcoin confidently broke through the $111,888 level, setting a new all-time high of $111,867. Unlike previous rallies marked by retail investor euphoria, this time the market's behavior

Ekaterina Kiseleva 16:12 2025-05-22 UTC+2

Bitcoin extending confident rally

Bitcoin demand appears to be surging, judging by its recent performance. At the time of publication, the BTC/USD pair was trading near 111,200.00, slightly down from today's and the all-time

Jurij Tolin 16:02 2025-05-22 UTC+2

Bitcoin: $115,000 — Next Stop or Bull Trap?

Bitcoin is steadily approaching its all-time high and, according to several analysts, is poised to set a new record. Current levels near $105,000 are more than just numbers — they

Ekaterina Kiseleva 00:58 2025-05-21 UTC+2

BTC/USD Analysis on May 20, 2025

The wave pattern on the 4-hour chart for BTC/USD has been becoming more complex in recent months. We observed a corrective downward structure, which completed its formation around the 75,000

Chin Zhao 11:11 2025-05-20 UTC+2

Technical Analysis of Daily Price Movement of Ethereum Cryptocurrency, Friday May 16, 2025.

If we look at the 4-hour chart, the Ethereum cryptocurrency appears to be moving above the WMA (21) which is a dynamic support where the WMA has a slope that

Arief Makmur 06:09 2025-05-16 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.