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Crypto whales — or investors with significant digital asset holdings to drive market prices up or down — purchased more than 20,000 Bitcoin in the last two days, according to a recent chart from on-chain analyst Ali Martinez.

"The accumulation of 20,000 BTC by crypto whales signals strong confidence in Bitcoin’s long-term upside, even amid recent market volatility," Syscoin Foundation President Jagdeep Sidhu told TheStreet Crypto. "Large-scale buying like this often indicates expectations of a future price rally, potentially front-running institutional inflows or a macroeconomic shift."

To some, it's "a leading indicator of renewed bullish momentum," says Timestamp CEO Arman Meguerian.

"If this trend continues, it could tighten supply and accelerate Bitcoin’s push toward new highs," Sidhu said.

Bitcoin topped $109,000 in January 2025, but in the last week the price of the world's largest cryptocurrency has stayed well below $100,000, driven by anxieties around the Trump administration's trade tensions and broader macroeconomic trends.

Bitcoin is currently trading at a price of $84,618, sparking debate over whether this drop signals a deeper correction or only a brief setback.

“These are typical price corrections for a crypto bull market," Parker Spann, Telcoin's EVP of Strategy and Business Development, told TheStreet Crypto. "Retail was incredibly over-leveraged, as evidenced by the tens of billions of cascading liquidations, and long-term accumulators bought their liquidations, enabling them to buy the most and the fastest at the lowest cost.”

The unwinding of leveraged positions has been significant: nearly 70,000 traders were liquidated in the last 24 hours, wiping out almost $169 million in positions, according to CoinGlass.

"Crypto markets are more volatile that traditional assets, so a movement on either side can move past a reasonable point quickly," Chris Chung, founder of Solana swap platform Titan, told TheStreet Crypto. "Seems like these BTC whales agree and decided to scoop up Bitcoin at prices they thought were favorable."

"Nobody wants to catch a falling dagger, and I think prices have stabilized enough for confidence," Chung added. "You don’t really have to buy at the lowest point — you just have to make sure to catch the overall trend."