Key Points
- A long-inactive Bitcoin whale has returned, buying 800 BTC valued at $84.87 million.
- The Smarter Web Company, a major UK firm, has increased its Bitcoin holdings despite market volatility.
A Bitcoin whale, who had been dormant for nearly a year after selling BTC in November 2024, has re-emerged. The whale has purchased 800 BTC, with a total worth of $84.87 million, at an average price of $106,060.
This trader is known for three highly successful swing trades between 2022 and 2024, which netted over $120 million. Now, they are betting on Bitcoin again, despite the current market volatility.
Market Conditions and Whale Activity
Bitcoin’s price recently dropped to $103,000, a 3.5% decrease in 24 hours, with trading volume surging 78.54% to $80.49 billion. Despite this correction, Bitcoin’s market cap remains above the $2 trillion mark.
CryptoQuant’s data on Bitcoin’s Realized Cap Dynamics suggests that structural momentum is fading, with little new capital inflow into the network. Analysts warn that if realized capitalization doesn’t pick up soon, the next major valuation wave could tilt lower, leading to a potential distribution phase.
Company Investments in Bitcoin
Meanwhile, The Smarter Web Company, the UK’s largest publicly traded firm holding Bitcoin, announced the purchase of 4 additional BTC at an average price of $108,510, worth approximately $432K. This increases the company’s total holdings to 2,664 BTC, valued at over £220 million ($272 million).
The Smarter Web Company is gradually buying BTC as part of its long-term “10 Year Plan,” integrating the leading digital asset into its treasury and business strategy. The company also accepts BTC payments and views the asset as a cornerstone of the future financial system.
Market Outlook
Swissblock states that Bitcoin has now held above the $100,000 structural floor for 180 days, forming what analysts describe as a critical confluence zone. Glassnode’s latest report indicates that as prices drop, short-term momentum is improving with mild accumulation. However, the presence of institutional outflows and negative ETF flows, totaling $617.2 million, paint a worrisome picture.
The MVRV ratio has dropped to 2.05, confirming that capital is rotating but new demand is yet to be seen. If Bitcoin holds above $100K–$103K, it could stabilize for a potential rebound toward $110K.
