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Whales Buy Bitcoin as Price Dips Below $90K
Source: Coinomedia Original Title: Whales Buy Bitcoin as Price Dips Below $90K Original Link: https://coinomedia.com/bitcoin-whale-accumulation-9/ Bitcoin has dipped to $89.4K, raising eyebrows across the crypto community. This decline comes at a time when traditional safe-haven assets like gold and silver are seeing notable gains. With macroeconomic uncertainty driving investor behavior, the contrasting movements between Bitcoin and precious metals are capturing attention.
While many retail investors are reacting to the dip by offloading their holdings, deeper on-chain analysis reveals a different story unfolding behind the scenes.
Whales Are Accumulating Despite Price Drop
On-chain data shows that large Bitcoin holders—commonly referred to as “whales”—are quietly accumulating more BTC during this downturn. These wallet addresses, typically holding over 1,000 BTC, have increased their balances steadily over the past few days.
This behavior suggests strong long-term confidence in Bitcoin, even as short-term market sentiment appears bearish. Whales have historically used dips like these to strengthen their positions, often signaling a bullish divergence between price action and investor behavior.
Retail Investors Panic, But Divergence is Bullish
At the same time, smaller wallets—usually linked to retail investors—have been selling their holdings. This divide between retail panic and whale accumulation is often a key indicator of a potential price rebound in the future.
Such divergence has been seen before prior to major Bitcoin rallies, where retail fear contrasts sharply with institutional or whale-level accumulation. This behavioral gap may point to a bullish setup, suggesting the recent dip could be temporary and even healthy for the longer-term trend.