Inauguration Effect? Bitcoin Whales Accumulate as Trump Era Unfolds
Since Donald Trump’s inauguration on January 20, Bitcoin (
$BTC ) has fluctuated between $101,000 and $110,000. However, recent research by CryptoQuant suggests that behind this steady price movement, Bitcoin ‘whales’—major holders of the cryptocurrency—are quietly accumulating.
Whale Accumulation in Full Swing
Bitcoin whale holdings have seen a notable uptick, with a monthly increase of 2% reported on January 17, marking the largest growth rate since mid-December. Total whale holdings climbed to 16.4 million BTC on January 24, up from 16.2 million BTC on November 4.
This resurgence in whale activity coincides with the establishment of a federal cryptocurrency regulatory framework, which includes discussions about a potential U.S. strategic Bitcoin reserve, signaling heightened institutional interest in Bitcoin as a strategic asset.
Decline in Selling Pressure
December’s profit-taking spree has drastically subsided. While daily realized Bitcoin gains reached $10 billion in December, they have now fallen to just $2–3 billion, indicating that many market participants have shifted from selling to holding.
Meanwhile, Bitcoin’s spot demand has also slowed, with growth tapering from 279,000 BTC in early December to 75,000 BTC currently, raising questions about the next bullish leg.
Experts Predict Another Rally
Despite the reduced on-chain demand, analysts remain optimistic about Bitcoin’s future trajectory. Projections suggest BTC could reach:
$200,000 by mid-year (Bitfinex research)
$249,000 under the Trump administration
$275,000, based on a cup-and-handle pattern analysis
Currently trading at $106,074, Bitcoin remains steady, up 0.1% in the last 24 hours.
The accumulation by whales, coupled with decreased selling pressure and regulatory momentum, hints at the possibility of another explosive rally for Bitcoin.
#BTCStateReserves #Bitcoin #WhaleAlert 🚀
$BTC