- The institutional interest in Bitcoin continued to rise between January 29 and April 4, 2025 when 76 entities (4.6%) started holding more than 1,000 BTC.
- Strategic buying activities from large-holding entities appeared despite the 19% price decrease
- Bitcoin price experienced a decline from approximately $100,000 to approximately $80,000 while the open interest level decrease signaled an appropriate market lowering process before potential market stabilization.
In a notable development within the cryptocurrency space, data from Glassnode reveals a significant increase in the number of Bitcoin entities holding at least 1,000 BTC over the past two months.During the period from January 29 to April 4 of 2025 this sector added 76 entities while increasing its total by 4.6%. The analysts consider this surge to 1725 such entities as an indication of rising institutional demand because of market uncertainty.
Whale Accumulation Amid Price Decline Signals Strategic Positioning
The chart illustrates that on January 29, 2025, there were 1,649 entities with holdings of 1,000 BTC or more. The Bitcoin exchange rate reached $103,749.31 at the noted period. Bitcoin experienced continuous price reduction from January to April when the number of large-whole Bitcoin holders steadily increased. The rise of high-value wallet holders was significant because the market price dropped by more than 19% yet their numbers increased indicating shrewd accumulation took place during price decreases.
Throughout February, the number of such entities remained relatively flat before beginning a steady increase in early March. The price drop below $100k prompted larger investors to use lower market values for position consolidation during this time. Accumulation patterns similar to this one in history often led to price rebounds yet these outcomes do not have to happen automatically.
BTC Futures: Correction, Support Levels, and Outlook
The BTC Futures Open Interest chart reflects a dynamic and evolving market cycle, marked by phases of accumulation, breakout, euphoric peaks, correction, and consolidation. During the current period from December until present Year 3 the market experienced a price correction which decreased BTC from being worth approximately $100,000 to $80,000.
Traders withdrew from their positions as open interest decreased to values between $50 billion and $55 billion. The current market phase indicates a positive trend of reduced leverage yet it continues to look for fresh support points.
Source:Coinglass
At present the support level exists between $75,000 to $80,000 which triggers resistance between $95,000 to $100,000. The market seems to be returning to a normal state following an expressive phase as declining open interest joins the cooling price trend thus reducing imminent surge liquidations.
The future direction of BTC will heavily depend on the ability of the $80,000 support area to continue holding. Open interest growth indicates a fresh uptrend possibility as the BTC price maintains at least its current level or climbs higher.
The BTC price might continue down toward $65,000 when both price drops through $75,000 and open interest levels increase. The market currently remains in a cooling phase though upcoming weeks will prove crucial for deciding the following major market direction.
