August 4, 2025
5 min read
Ifeoluwa Olalere
Bitcoin rebounds above 14K as whales and institutions steadily accumulate, signaling growing confidence despite recent volatility.
Whales Buy the Dip as Bitcoin Rebounds Toward $114K
Bitcoin experienced six consecutive days of losses from July 28 to August 2, dropping close to $112,000. However, momentum is shifting as the asset gained about 1% over the last 24 hours, now trading above $114,000. While many smaller investors sold during the dip, a notable large trader on Bitfinex took the opposite approach, steadily accumulating Bitcoin—a behavior typical of deep-pocketed holders during market downturns.In Brief
- A Bitfinex whale consistently bought 300 BTC daily as Bitcoin slid to $112K, demonstrating strong confidence despite market weakness.
- Metaplanet added 463 BTC (valued at $53.7 million), increasing its total holdings to 17,595 BTC amid price softness.
- The Crypto Fear & Greed Index rose from 53 to 64, indicating growing optimism among investors.
- Lookonchain reported a whale increasing holdings to 752 BTC (valued at $86 million), with unrealized gains of $774,000 and a target sell price of $120,000 per BTC.
- Metaplanet added 463 BTC ($53.7 million), raising its total holdings to 17,595 BTC despite recent market weakness.
- The Crypto Fear & Greed Index climbed from 53 to 64, signaling a clear shift toward investor optimism.
- Why Bitcoin's Price Might Be Driven By AI Trading Bots
- Understanding Crypto Market Sentiment with the Fear & Greed Index
- How to Utilize AI for Smarter Cryptocurrency Investing
Whale Activity Points to Long-Term Confidence
Adam Back, CEO of Blockstream, revealed that a significant Bitcoin holder was actively accumulating about 300 BTC daily during the recent downturn. This equates to roughly $400 every second, continuously throughout the day. This was not the first time this entity showed strong interest; Back noted that in February, the same party was buying Bitcoin at a rate of 1,000 BTC per day. Such steady accumulation underscores confidence in Bitcoin’s future, especially during uncertain times. Around the time Bitcoin dipped to approximately $112,000, Eric Trump shared a post on X (formerly Twitter) endorsing the familiar "buy-the-dip" mentality, reflecting a broader investor sentiment anticipating a rebound.Stronger Hands Step In as Bitcoin Sentiment Turns More Bullish
Institutional and whale activity further supports the growing confidence in Bitcoin:Recent Drop Tests Support as Bitcoin Follows Familiar Monthly Price Trend
A policy update from President Trump contributed to Bitcoin’s recent price dip, unsettling financial markets and spilling over into crypto. Over $195 million in long Bitcoin positions were liquidated, according to CryptoQuant data, as forced trade closures dragged prices down. On-chain analytics from CryptoQuant indicate Bitcoin is near critical support levels: $111,600 (blockchain data support), $112,000 (previous major high), and $105,500 (average cost basis for current holders). These thresholds are crucial for assessing buying interest if prices decline further. Market analyst Daan Crypto highlighted Bitcoin’s tendency to set monthly highs or lows in the first days of each month. For August, the high so far is $116,000 and the low $112,000—a narrow range for such a volatile asset. Historically, Bitcoin experiences monthly swings of at least 10%, suggesting a larger move could still occur. Daan Crypto also noted that months trending upward often start with a dip before pushing higher, while declining months begin strong but lose momentum. The direction for August remains uncertain, but volatility is expected. Some analysts predict Bitcoin could climb as high as $140,000 before year-end.Maximize your crypto knowledge and rewards with Cointribune’s "Read to Earn" program. Sign up to earn points and access exclusive benefits.
Source: Whales Buy the Dip as Bitcoin Rebounds Toward $114K on August 4, 2025.