Are Bitcoin Whales Starting to Dominate as Retail Investors Step Back?
The recent price surge in Bitcoin seems to be largely driven by whale activity, with retail investors notably absent.
Bitcoin’s price witnessed a remarkable recovery, climbing nearly $10,000 over the past week from a low of under $81,000 to more than $93,000, where it stabilized around $91,000.
Whales Buying, Retail Sidelines?
On-chain data from Crypto Rover indicates that whale investors have become increasingly active, influencing Bitcoin’s price trends. Their activity is correlated with significant price shifts, including a drop when BTC surpassed $126,000 before losing $15,000 in a span of days. After Bitcoin dipped by $25,000 to below $81,000, it appears that whales started accumulating.
WHALES ARE BUYING BITCOIN! 🚨 pic.twitter.com/1s24wjOrYk — Crypto Rover (@cryptorover) November 28, 2025
Contrarily, smaller investors seem to be absent from the market, as highlighted by declining participation in Google searches related to retail trading.
Bitcoin retail traders have essentially been inactive for the past year. 🫣 pic.twitter.com/RfqAdr29Uq — Crypto Rover (@cryptorover) November 28, 2025
ETF Investors Are Back
Another potentially bullish sign for Bitcoin’s price is the recent increase in investments in spot Bitcoin ETFs, which had seen significant withdrawals recently. In the past week, the trend reversed with a net inflow of $70.2 million, compared to the previous week where $1.2 billion was withdrawn. Investors are showing renewed interest after several weeks of declines.
