Bitcoin Whales Accumulate 30,000 BTC in December: Is a Rally Ahead?

After a big correction this week, Bitcoin (BTC) whales are positioning for a bounce.

Recent on-chain data from CryptoQuant shows big holders are buying again, they are confident in the long term.

The recent dip saw BTC go as low as $92,525.84 before stabilizing at $95,000. That’s a 15% drop after institutions sold around 79,000 BTC in the last week. CryptoQuant analyst Cauê Oliveira says whales are using this dip to buy, they are doing time-weighted average price (TWAP) accumulation.

Institutional Investors Fuel BTC Recovery

Institutions are leading this accumulation trend. In the last month, Bitcoin whales have added over 30,000 BTC to their stack. This demand is further backed by retail, which is at an all time high in 5 years, so the foundation of the market is strong.

Among the main institutions, MicroStrategy stands out with a record $22 billion BTC buy in 2024, 74.3% return on investment. Riot Platforms and other big players are also buying during the dip.

Key Drivers of Institutional Demand:

  • Anticipation of a mid-term price recovery.
  • Strategic positioning ahead of potential macroeconomic shifts.
  • Broader acceptance of Bitcoin as a hedge against inflation.

If this trend continues, analysts project that Bitcoin could revisit its all-time high of $108,000 in the mid-term, driven by sustained whale activity and growing retail confidence.

Will Nation-States Join the Bitcoin Rally?

As institutions are buying, the focus is now on nation-states as market movers. During his campaign, President-elect Donald Trump proposed a US Bitcoin reserve, that could change the game for global adoption.

Bitcoin Price Chart - Source: Tradingview

If the US goes ahead with this, other countries will follow and Bitcoin will be a strategic asset. This plus institutional demand will trigger a long term price move.

What’s Next for Bitcoin?

  • Continued accumulation by whales and institutions.
  • Potential national adoption of Bitcoin reserves.
  • Renewed momentum toward surpassing its $108,000 peak.

As the crypto market braces for its next move, all eyes are on the behavior of Bitcoin whales and institutional players, whose strategies could dictate the trajectory of 2025’s price action.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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