Bitcoin briefly slipped under the $64,000 level again after losing upward momentum, but managed to find support at that range. Even though short term sentiment turned cautious, large holders continued to accumulate during the dip rather than reduce exposure.
Whale buying activity increases
The number of Bitcoin addresses holding at least 1,000 BTC has risen to 2,044. According to data from Santiment, these whales now collectively hold about 7.17 million BTC, the highest level since March 14. This group controls roughly 35.82 percent of the total circulating supply, showing continued concentration among major holders.
In addition, analyst Darkfost reported that wallets holding more than 1 BTC have also expanded their total holdings to a new record above 16.8 million BTC. He noted that this trend may reflect the ongoing institutionalization of Bitcoin, although he emphasized that it should be interpreted over a longer time horizon rather than short term price movements.
Retail investors are also gradually increasing accumulation, though at a slower pace compared to larger holders. This group is estimated to hold around 1.7 million BTC, still below the peak seen in December 2023. Some analysts suggest that retail participants may have taken profits during previous price rallies, while others may have shifted exposure into Bitcoin exchange traded products, which offer easier access and management.
Despite differing behaviors between market segments, both whales and retail investors appear to be treating recent price weakness as an opportunity to build positions.
Macroeconomic pressure and Federal Reserve impact
Market sentiment shifted notably after the latest Federal Open Market Committee meeting. Bitcoin fell below what some analysts describe as a key liquidity support zone.
According to Bitunix analyst Dean Chen, investors are increasingly positioning for a prolonged period of higher interest rates rather than expecting near term monetary easing or a sharp economic slowdown. He added that Federal Reserve policy is now playing a more dominant role in crypto market direction than geopolitical developments in regions such as the Middle East.
Chen also warned that tighter liquidity conditions, a stronger US dollar, and rising Treasury yields could continue to weigh on risk assets in the coming months.
He explained that the Fed’s renewed focus on inflation control and credibility may keep liquidity expectations constrained. If the dollar remains strong and bond yields continue to rise, capital may increasingly flow toward cash and fixed income assets, potentially putting additional pressure on valuations across risk markets, including crypto.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
