Whales Accumulate Bitcoin as Market Faces Liquidation Risks, Analysts Say
Two leading analytics firms have shared contrasting insights into the current state of Bitcoin and Ethereum, highlighting growing volatility and diverging investor behavior across both assets.
According to research firm Alphractal, Bitcoin is showing heightened sensitivity to liquidation events in the short term, particularly within the $74,000 to $84,000 range. Sudden price movements inside this corridor, the firm warned, could trigger a cascade of forced liquidations on both sides—potentially setting off a volatile back-and-forth in the market.
Ethereum, by contrast, appears more stable from a liquidation perspective, with long and short positions remaining relatively balanced. Still, analysts caution that short positions near the $1,800 level are vulnerable to unexpected price jumps.
Meanwhile, CryptoQuant pointed to a growing trend beneath the surface: large-scale Bitcoin investors—often referred to as whales—have quietly resumed accumulation. Since early March, more than 100,000 BTC have moved into the wallets of major holders, even as broader network activity remains subdued and retail demand thins out.
CryptoQuant’s team noted that while smaller investors are retreating amid market uncertainty, institutions and long-term players are using the dip to strengthen their positions—capitalizing on price weakness in zones previously favored by “smart money.”
The diverging signals between network activity and whale behavior suggest that while short-term volatility may rattle retail traders, larger players are preparing for the long game.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
