Bitcoin Whales Accelerate BTC Accumulation as Price Approaches $80K, Santiment Signals Potential Long-Term Bull Market

Gate News message, April 25 — Bitcoin whales are rapidly accumulating BTC as the price approaches the $80,000 level, on-chain data shows. Addresses holding between 10 and 10,000 BTC have accumulated approximately 40,967 BTC worth about $3.17 billion since April 10, according to Santiment.

In contrast, small holders (under 0.1 BTC) added only about 46 BTC, valued at approximately $3.56 million, during the same period. Santiment noted that this pattern—where whales continue buying while retail holders take profits—has historically corresponded with stronger medium to long-term uptrends and may represent one of the strongest bull market signals.

BTC reached $79,327 before pulling back to approximately $77,390, with a 30-day gain of about 8.6%. Bitwise’s European research head indicated institutional demand is accelerating notably. Santiment also reported that market sentiment has shifted from extreme pessimism to strong FOMO, though the overall sentiment remains in the fear zone, suggesting the market has not yet become overheated.