[Analysis] "Bitcoin spot whale orders increase…signal of entering an early accumulation phase"

Large investors' order activity in the Bitcoin (BTC) spot market has been detected again, leading to analysis that the market is transitioning from a sharp sell-off phase to a stabilization stage.

On the 29th, a ShayanMarkets analyst said in a CryptoQuant Quicktake report, "In recent Bitcoin spot average order size data, whale-sized orders are concentrated around the current price range."

He said, "Signals indicating whale-sized spot orders have clearly increased in the recent period," adding, "This contrasts with the previous phase where trading in the early part of the correction was dominated by individual investors and large participants were hardly visible."

The ShayanMarkets analyst evaluated that this flow suggests early accumulation rather than distribution. He said, "Whale participation in the spot market, which occurs in a low-volatility, price-in-a-range environment, tends to have a mid-to-long-term positioning character rather than short-term trading."

He also added, "This kind of movement can mean that stronger hands are absorbing supply, and accordingly downside risk is gradually decreasing." This is interpreted as potentially leading to price structure stabilization, unlike retail-led short-term rebounds.

However, he drew a line regarding the immediate possibility of a bullish reversal. The analyst said, "This signal does not guarantee an immediate bullish reversal," but added, "It is clear that on-chain structure shows Bitcoin is moving from an aggressive sell-off phase to a stabilization stage."

He continued, "If whale participation continues and the price stays above major demand zones, the likelihood of a more constructive price structure forming in future sessions will increase."