Bitcoin (BTC) whales represent actions that have historically preceded significant price increases. New on-chain data reveals relevant changes in investment strategies, which are a credit to such holders.
“The BTC whale is doing something great,” analyst Alex Weissy emphasized in a recent analysis. The expert noted that these investors, who hold more than 1,000 units of Bitcoin, are exiting highly leveraged positions.
As the following graph shows, This pattern was already observed before the all-time high.. This is not panic selling, but a gradual risk adjustment. This maintains bullish expectations in the market.
Although there is no panic, bullish expectations for Bitcoin continue
“If the whales systematically reduce their long positions rather than panic selling, Bitcoin will maintain its historically strong upward momentum once the selling pressure is absorbed,” the analyst said.
Such a move comes while Bitcoin is showing momentum in early 2026 but has yet to recover its highs. The currency hit a record high of $126,000 (US dollar) in October last year. It is currently trading at over 90,000, as reported by CriptoNoticias.
“Large shareholders are adjusting their leverage instead of investing in weaker stocks,” Weissy argued in this context. this movement Trying to conserve capital during a period of uncertainty.
In this sense, he emphasized that the analysis of quotes does not itself reflect all relevant information. “Look at the behavior, not just the price,” he stressed.
Additionally, from a market perspective, reducing leverage reduces the risk of selling. This can stabilize the market and lay the foundation for further upside.
If this pattern holds without panic selling, interest in the market could increase. An environment with these characteristics Tends to support a more sustainable bullish trend for Bitcoin.