Bitcoin Big Move Incoming? BTC Whales Are Stacking Long Positions At A Rapid Pace

Bitcoin’s price may be showcasing slight upward movement, but the overall outlook is still quite bearish considering the volatile state of the broader cryptocurrency market. Even with the flagship asset trading below the $90,000 price mark for the past few weeks, expectations for another huge rally remain solid in the hearts of major investors as they lean toward an upside position.

Big Money Bets On Bitcoin Are Sharply Returning

A recent view into the action of investors shows that the Bitcoin market is entering a decisive phase where sentiment could trigger the next potential move. After months of range-bound trading and recurrent responses to macro news, a deeper structural shift is now taking place among BTC investors.

Currently, large investors regarded as whales are demonstrating robust bullish sentiment toward the flagship asset. CW, a data analyst and crypto investor, shared that the cohort is massively opening long positions once again after examining the key BTC Whale vs. Retail Delta metric.

With the massive long positions coinciding with changes in liquidity, investors’ action, and on-chain activity, this suggests that the shift could be more than just short-term noise. This is because such a strong desire for bullish moves has the potential to redefine momentum across the market in the upcoming weeks.

According to the expert, these deep-pocket investors are largely building long positions in anticipation of a possible renewed upward trend in the price of Bitcoin. It is worth noting that long positions opened by the cohort reached their peak when BTC’s price dropped to around the $80,000 level. 

CW stated that this robust newfound buying trend has continued ever since. To address market fears and confusion, the expert highlighted that whale holders leaning toward long positions are a bullish signal for the crypto king generally. 

In a broader view, the chart shared by CW shows that large BTC investors have been concentrating more on upside bets than downside bets since July 2024. This trend points to sustained conviction among the cohort in BTC’s long-term prospects.

Whales And Retail Holders Are Now Buying More BTC

Bullish sentiment appears to have returned across the overall Bitcoin market, as big and small investors move in a similar bullish trajectory once again. CW revealed in another post that large and smart retail investors are now buying BTC at the same time, suggesting growing confidence beneath the surface.

Interestingly, this dynamic historically preceded phases of increased volatility and directional certainty. Furthermore, the synchronized accumulation indicates that investors on various scales might be preparing for a potential significant upswing in BTC’s price.

Amid the development, the resumption of retail investors’ buying activity is particularly noteworthy. Meanwhile, CW noted that only seasoned investors are still participating, which implies that the market is getting close to the beginning of a rally.