Whales are accumulating, the market is buzzing: what’s happening with BTC

On-chain:

• The number of wallets with 100+ BTC increased by +753,019,283,746,565,748,392,01 +3.9% over 3 months

→ while the price fell by –20%

👉 This is a classic bullish divergence: major players are buying on the dip

• BTC-ETFs are showing record volumes

→ up to $31.6 billion per day

→ all top volumes occurred in recent weeks

👉 The market has become highly active and polarized

What’s happening under the hood:

• After the decline, liquidity surged sharply, causing panic and redistribution

• Currently, liquidity is decreasing while the price is rising

👉 This is important:

the growth is not driven by strong demand, but by weakening sellers

• Additionally:

large deposits on exchanges increased at prices above previous levels

→ this signals potential selling pressure during rallies

The market is currently in a transition phase:

whales are accumulating, but demand remains weak.

📌 Without an influx of liquidity, the rally could be temporary

📌 But such divergences often form near the bottom