Against the backdrop of increasing global uncertainty, Bitcoin whales have accumulated an additional 61,568 BTC in the past month.

On March 27th, on-chain analytics firm Santiment reported (via Cointelegraph) that amid rising Middle East tensions and macroeconomic uncertainty, Bitcoin “whale” and “shark” addresses (holding 10–10,000 BTC) accumulated 61,568 BTC over the past month, boosting their holdings by 0.45%. Small wallets with less than 0.01 BTC also added 213 BTC, a 0.42% increase. This aligns with March’s ongoing net Bitcoin outflows from exchanges, signaling holders are leaning toward accumulation over selling. Santiment analysts noted whale accumulation could be a “bullish signal” for an eventual price range breakout: “Historically, a reliable sign of a bull market start is a range breakout when large wallets accumulate and retail investors sell—ideally, that’s the dynamic we’re seeing now.” Zeus Research’s Dominick John told Cointelegraph the whales currently accumulating Bitcoin are likely positioning early for the next breakout, “quietly building positions during the consolidation phase.” He also warned whales typically buy in batches, and a brief stagnation or minor pullback could hit if retail FOMO sentiment overheats before the next accumulation round. Notably, not all whales are buying. On March 19th, two whale addresses transferred tens of millions of dollars in Bitcoin to exchanges as prices dropped amid escalating Iran tensions. In sentiment terms, the Crypto Fear & Greed Index hit 13 on Friday (extreme fear) and 10 on Thursday, staying in the extreme fear zone for the past week and throughout February.