There has been a notable shift among Bitcoin (BTC) whales holding between 1,000 to 10,000 BTC, with their accumulation rate reaching its peak since 2024. This indicates significant changes in their long-term positions.

Increased Engagement from Large Holders

Recent analytics from CryptoQuant show that these large holders have been accumulating BTC at an increasing rate, resulting in a total of approximately 3.204 million BTC under their control. This points to a renewed long-term interest from this group.

Additionally, whale activity metrics on Binance have risen, with trading activity from large holders reaching around 0.65, a high not seen since November. This behavior typically implies active management of positions, indicative of whales using liquidity to manage volatility while ensuring core holdings remain intact.

Over the last 30 days, whale balances have increased by about 152,000 BTC, emphasizing a strong trend in cumulative holdings, suggesting current actions are beyond mere short-term fluctuations.

Shorter-term data shows a positive trend over a week with almost 30,000 BTC indicating continued accumulation across various timeframes. The trading activity suggests the major cryptocurrency is transitioning into a stable phase fostered by big holders rather than speculative actions.

FUD Surrounding Bitcoin Intensifies

Despite this accumulation trend, Bitcoin faced considerable market pressure, experiencing over a 6% drop on January 30, which heightened volatility.

Negative remarks about Bitcoin have surged on social media, overtaking previous highs this year. According to Santiment, there is a climate of fear, uncertainty, and doubt as Bitcoin dipped below $82,000, the lowest since November. Historically, such high fear levels hint at nearing market capitulation.

Capitulation typically instances when retail investors offload their assets, afterward followed by accumulation by informed investors. Such dynamics have historically coupled with price increases over time. Santiment further noted that present conditions might remain unstable due to recent declines in traditional assets like equities, gold, and silver impacting crypto markets.