On January 22, 2025, significant accumulation of Bitcoin by large investors, referred to as whales and sharks, indicates strong market confidence. Over the past five days, wallets holding 10 or more BTC have accumulated more than 1,002 coins daily, suggesting a bullish sentiment among major stakeholders.
Data from Santiment reveals that this accumulation trend could influence price movements positively. For instance, from October 11 to November 5, 2024, daily purchases by these investors exceeded 884 BTC, resulting in a 9.8% price increase. Furthermore, between November 5 and December 26, daily accumulation surged to 2,060 BTC, causing a significant price spike of over 35.8%.
Currently, since January 15, 2025, the daily accumulation remains at 1,002 BTC, corresponding with a 2.8% price rise. This pattern suggests that continued interest from large investors may lead to further price rallies. Observing whale activity is crucial for predicting market trends, as their buying behavior often precedes notable price movements.