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Bitcoin has drawn support from large holders after months of selling pressure. Whale wallets added about 53,000 coins in one week, their biggest buying streak since November. Bloomberg reported the surge helped steady prices near $70,000 after a sharp drawdown. Meanwhile, US spot Bitcoin ETFs recorded $371 million in inflows last Friday and $145 million on Monday. Corporate buyer MicroStrategy purchased 1,142 coins for $90 million, lifting total holdings to 714,644 Bitcoin.
Wallets holding more than 1,000 Bitcoin acquired over $4 billion worth of the asset in the past week. That move reversed a trend of steady divestment. Since mid-December, large investors have reduced holdings by more than 170,000 coins.
The market experienced negative sentiment because selling activities persisted for several months before this new accumulation occurred. Market participants who owned substantial assets began buying when asset values reached important psychological thresholds. The analysts described market movements as protective measures that lacked any indication of positive market trends.
The on-chain data from Glassnode showed that the 14-day RSI approached its lowest statistical range. The market experienced reduced selling pressure according to this development. Trading volumes showed a reactive pattern instead of a productive one, which created an atmosphere of caution throughout the market.
Institutional demand showed signs of stabilization after heavy outflows earlier this year. US spot Bitcoin ETFs attracted a combined $516 million in net inflows across two trading sessions. Those inflows arrived as Bitcoin traded around $70,000.
Even so, ETF products still face $1.9 billion in redemptions year-to-date. CoinShares reported that slowing outflows often precede market inflection points. The recent figures marked a pause in consistent withdrawals.
Retail demand, however, remained muted. Many investors who entered through newly launched ETFs now hold unrealized losses. As a result, fresh buying interest from this group appears limited.
Corporate accumulation has slowed despite whale buying. Publicly listed firms that once adopted Bitcoin as a treasury asset reduced new purchases. Share price weakness has pushed several companies to prioritize core business stability.
MicroStrategy continues to diverge from that trend. The company acquired 1,142 Bitcoin for about $90 million. Its total holdings now stand at 714,644 coins, even though current prices sit below its average acquisition cost.
Chief Executive Michael Saylor stated in a recent interview that the firm will continue quarterly purchases. He also confirmed that the company has no plans to sell its holdings. That stance reflects its long-term strategy toward Bitcoin.
Also Read: Ripple CEO Takes a Dig at Wall Street for Blocking Crypto Progress
Bitcoin’s price action reflects mixed signals. The asset reached its highest point in October before starting a decline, which brought its value to approximately $60,000, but later showed signs of recovery, which pushed it back towards $70,000. The asset currently trades below its October maximum but maintains support at key price points.
Large investors have reduced market decline issues; however, the market still experiences limited participation. The market needs financial input from institutional and retail investors to determine whether whale purchasing can sustain a market increase. Market participants continue to watch ETF flows, corporate balance sheets, and on-chain indicators to determine market direction.
Bitcoin whale accumulation has increased with 53,000 coins added in a week, while US spot Bitcoin ETFs recorded $516 million in inflows. MicroStrategy expanded its Bitcoin holdings despite market pressure. Still, retail demand remains weak. Market direction now depends on broader institutional demand and sustained capital inflows.
