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.