- Bitcoin shows resilience after a turbulent period, trading at $84,382, up 10% since March 11, while whales accumulated $5 billion in BTC amidst retail panic selling.
- Bitcoin ETFs face significant outflows but show signs of stabilization, with $13.3 million added on March 12, followed by $135 million and $59 million in outflows.
- Whales’ confidence in Bitcoin’s long-term potential contrasts with retail investors’ panic selling, highlighting a divergence in market behavior during volatile periods.
Following the most turbulent period in crypto of the last 6 months, Bitcoin is starting to show signs that it could overcome the massive selling pressure it faced since February.
Currently, the world’s largest crypto is trading at $84,382, practically breaking even over the last 24 hours. Despite that, $BTC has been up by over 10% since its lowest point on March 11. Over the week, Bitcoin was able to revert these losses suffering only a 2% decrease over the last 7 days.
As buyers attempt to drive Bitcoin’s price back closer to the $100,000 margin, cryptocurrency whales appear to be taking advantage of the current price to accumulate more BTC.
Bitcoin ETFs Are Bleeding Less
Meanwhile, Bitcoin exchange-traded funds are showing less significant outflows this week. While the period before that revealed a worrisome state of the ETF market — with outflows as large as $1.13 billion in a single day — Bitcoin ETFs have performed better since March 12.
On that date, the collective of Bitcoin ETFs added $13.3 million in BTC to the funds. The subsequent dates registered $135 million and $59 million in outflows, respectively.
The outflows amassed since February have led Bitcoin ETFs to almost erase all profits since January 1st, 2025. According to SosoValue, the net worth of all funds combined is at $35.20 billion, only $200 million above the value it had on the first day of the year.
While this is indeed alarming for the ETF market, many believe that once Bitcoin is able to regain buyers’ trust and regain bullish momentum, the ETF market may gain renewed interest as well.
Crypto Whales Acquired $5 Billion in BTC During The Dip
According to a recent analysis by Ali Martinez, investors holding substantial amounts of funds have accumulated over $5 billion in BTC over the last couple of days. Precisely, whales accumulated $5,062,508,431 in BTC since March 4th, marking a significant shift from retail investors’ “panic selling” in the same period.
The recent accumulation by whales highlights a growing divergence between institutional and retail investor behavior. While retail investors often react to market volatility with panic selling, whales tend to view these dips as strategic buying opportunities.
If the whales’ bet on a potential resurgence of Bitcoin will come to fruition remains to be seen. However, the sheer scale of their recent accumulation demonstrates unwavering confidence in Bitcoin’s future.
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