Whales Increase Bitcoin Positions: Market Enters Accumulation Phase
Date: 2025-12-08 Author: Henry Casey Categories: CRYPTO PAYMENTS
In December 2025, Bitcoin wallet owners with balances between 10 and 10,000 BTC actively increased their positions, adding more than 47,500 BTC to their total. These data were cited by Santiment analysts, who noted that this marked a sharp reversal after a prolonged period of selling. From early autumn to the end of November, large market participants largely dumped the asset, reducing their total reserves by more than 113,000 BTC.
Santiment experts analyze investor behavior through a model of five imaginary market zones, each reflecting the balance between large players and retailers. In the "green" phase, whales buy while small investors sell, which typically leads to a smooth price increase. The "blue" zone is characterized by synchronized accumulation by all participant groups and is most often accompanied by rising prices. In the "yellow" phase, the market becomes unstable and difficult to predict. The "orange" zone reflects widespread sell-offs, during which prices typically decline. Finally, the "red" zone indicates a situation where retail investors actively buy on the decline, while large holders take profits, which often precedes another decline.
According to analysts, the current market position has shifted to the "blue" zone. This means that both large and small participants are now inclined to accumulate the leading cryptocurrency. This convergence of interests between different investor groups usually creates fertile ground for further price growth.
However, experts note that the current trend cannot yet be considered fully sustainable. It will be important to see how the retail segment behaves in the coming weeks. If it continues to buy back corrections and hold positions, this could support the upward movement. If small investors begin actively taking profits, while whales maintain their buying strategy, the market could repeat the scenario observed in September, when the price demonstrated confident growth amid a flow of assets from weak to strong holders.
Additionally, data from other analytical platforms should be considered. For example, in November 2025, CryptoQuant experts reported that large Bitcoin whales were still inclined to take profits. This creates a certain imbalance in the signals: on the one hand, the December accumulation indicates a change in sentiment, while on the other, some large players continue to act more cautiously.
As a result, the current market picture appears contradictory. Active buying by large wallets is creating a positive backdrop, but further dynamics will largely depend on the behavior of retail investors. Their reaction to the coming price movements may determine whether the current accumulation will develop into a full-fledged uptrend or whether the market will again experience increased volatility.
