Bitcoin (BTC) $83,418 has recently regained attention due to significant interest from institutional investors. On-chain data and technical analysis suggest that Bitcoin may be preparing for a new bullish wave. Whale-level purchases by large investors, decreasing supply, and strong social narratives are emerging as supportive factors for the leading cryptocurrency‘s price. Market experts agree that these developments indicate Bitcoin could test new highs in the near future.
Whale-Level Investors Accumulate Bitcoin
Wallets holding 10,000 BTC or more have seen their “Accumulation Trend Score” exceed 0.5. This rise indicates that large investors are consistently accumulating Bitcoin from the market. Interestingly, smaller investors seem to prefer selling during this process. On-chain data shows that while large wallets continue to accumulate BTC, smaller investors are exiting the market.
This scenario suggests that long-term holders are more optimistic about the market’s direction. In recent weeks, the increase in BTC held by whale wallets indicates potential upward movement in the medium to long term, despite short-term price fluctuations. With the influence of institutional investors, this trend could lead to a favorable supply-demand balance for Bitcoin.
Technical Signals and Social Support Strengthen Bitcoin
Recently, Bitcoin’s price broke out of a descending wedge formation, signaling upward momentum. This pattern, often seen in technical analysis, is typically interpreted as a precursor to a price increase. Currently, BTC is trading above the $85,000 mark, with expectations to test significant resistances at around $88,745 and $96,163.

In addition to technical indicators, strong statements in the media and public sphere support Bitcoin. During the Blockchain Summit 2025, U.S. Senator Cynthia Lummis stated that Bitcoin could play a significant role in reducing national debt. Michael Saylor, founder of Strategy (formerly MicroStrategy), described Bitcoin as “modern digital gold,” emphasizing its critical role in the global economy.
Statements from figures like Lummis and Saylor not only bolster market confidence but also enhance Bitcoin’s perception among institutional players. The increasing social sentiment may pave the way for a more fundamental and sustainable price movement rather than speculative fluctuations.
Bitcoin Supply is Rapidly Decreasing
Bitcoin’s Stock-to-Flow (S2F) ratio currently stands at 907, a crucial metric for evaluating the cryptocurrency’s supply scarcity. Recent data indicates that this value has decreased by 42.86%. This decline suggests that the amount of newly produced coins is falling, resulting in fewer BTC circulating in the market.

Decreasing supply can exert upward pressure on prices, especially when demand remains stable or increases. Considering whale purchases and institutional interest, the likelihood of BTC appreciating in value seems very strong moving forward. This development could signal the beginning of a highly anticipated new bullish phase for long-term investors.