Bitcoin Whales Have Poured $13 Billion into the Market Despite Slowing Liquidity and Capital Inflows.

Bitcoin long-term holders (LTHs) remain unfazed despite the recent price correction, showing strong conviction in the asset's future.

Despite slowing liquidity and capital inflows, Bitcoin whales have poured a staggering $13 Billion into the market this month, indicating persistent institutional interest in the flagship cryptocurrency.

Long-term holders are holding firm, while the Fed’s policy shift has pushed BTC price toward $86,000.

Bitcoin LTHs Unfazed By Recent Price Correction

Long-term holders (LTHs) remain less inclined to sell despite recent price drops, showcasing strong conviction in Bitcoin’s future.

New research from Glassnode sheds light on this "unique market dynamic," particularly in the wake of Bitcoin's decline to a four-month low of $76,600 on March 11.

Glassnode's March 18 analysis reveals a decrease in the Binary Spending Indicator, signifying reduced spending from LTHs.

Usually, this group's intense selling coincides with market tops; however, the current trend indicates continued accumulation.

"This suggests that there is a greater willingness to hold than to spend coins among this cohort," Glassnode stated.

The analysis firm noted that LTHs are continuing to hold onto their unrealized profits, which could be seen as an anticipation of further upside.

Whale Accumulation Paces As Fed Tips Rate Cuts

On the other hand, institutional and high-net-worth investors have ramped up Bitcoin accumulation, further reinforcing bullish sentiment.

Data from CryptoQuant reveals that wallets holding at least 1,000 BTC have added over 1 million BTC since November 2024.

The pace has accelerated, with more than 200,000 BTC acquired this month alone.

According to Cryptoquant analyst Onchained,

"This sustained inflow highlights a shift in market dynamics, suggesting increased institutional or high-net-worth participation."

Meanwhile, Bitcoin ETFs reversed their three-week selling streak, recording $512 million in inflows in three trading days.

On March 20 alone, according to SosoValue, ETFs attracted $209 million in net inflows.

Whale transactions exceeding $100,000 also surged, with daily volume jumping from $32 Billion to $42.9 Billion ahead of the Federal Reserve's rate decision.

Bitcoin Price Rallies Toward $86K As Fed Keeps Rates Steady

Reacting to the Federal Open Market Committee (FOMC) meeting, where interest rates were kept unchanged, Bitcoin extended its price recovery on March 19, surging toward $86,000.

The Dow Jones index also responded with a gain of around 400 points.

The Fed also confirmed a reduction in its quantitative tightening (QT) policy and signaled two rate cuts in 2025, as anticipated.

Crypto and equity markets responded positively. Bitcoin price hit an intraday high of $84,263.

Traders are viewing this shift in the Fed's stance as a potential catalyst for continued upside.

Several analysts remain optimistic. Merlijn The Trader noted that Bitcoin's RSI signals an oversold condition, which he says historically leads to "HARD RALLIES."

Others, like IncomeSharks, highlighted strong support levels holding firm, further reinforcing bullish sentiment.

However, despite the Bitcoin price surge, not all market participants are on the same page.

CryptoQuant CEO Ki Young Ju believes that the bull cycle might be over, anticipating 6-12 months of sideways or bearish price action.