Bitcoin whales fuel Bitcoin price prediction as it nears $90,000. Despite thinning profits, BTC accumulation hints at a crypto bull run.

The Bitcoin price is wavy at spot rates but relatively firm, judging by the price action over the last few trading days. As momentum builds up and traders expect a major breakout, fresh data from Santiment shows that Bitcoin whales are back in the equation. They have been steadily accumulating since prices fell to around $78,000 in mid-March.

Santiment: Bitcoin Whales Are Back

Renewed interest from these high-net-worth addresses could signal a shift in sentiment. This could further lift prices, perhaps even triggering a much-awaited altcoin and crypto bull run. When this happens, attention will likely turn to some of the hottest presales to invest in 2025.

According to Santiment, there is a noticeable rise in the number of addresses holding between 100 and 10,000 BTC. Historically, whenever the number of coins under these holders rises, it precedes a bull run as heavyweights resume their purchases.

 

Bitcoin’s price has rallied all the way to ~$88,350 after things looked grim two weeks ago at ~$77,500. Shortly after that local bottom, we began to see a rise in total wallets holding 100 to 10K $BTC. As usual, markets have looked better since whales resumed accumulation. pic.twitter.com/3zZfyOnCeY

— Santiment (@santimentfeed) March 25, 2025

If buyers begin loading up at spot rates, it could mark the continuation of impressive gains from earlier this week when the Bitcoin price broke above a two-week range. In that event, prices might break above $90,000, even setting the pace for another sharp extension to $100,000 in a buy trend continuation formation.

(BTCUSDT)

The local support remains at around $82,000. However, traders should closely monitor how prices evolve since the primary support is at around $76,700. A breakout below this area may see BTC disintegrate, retesting 2021 highs in a retest that may also trigger a flush out of leveraged longs, forcing the coin toward $50,000.

Explore: Best High-Risk, High–Reward Cryptos to Buy in March 2025

Will Bitcoin Price Break $90,000?

With all possible probabilities considered, parallel analysis by Glassnode analysts notes a redistribution of BTC holdings across profit and loss bands.

In their findings, they observe that though most holders are in the red, their losses are moderate, and prices are cooling off—not capitulating.

More $BTC is now held at moderate losses, while supply at higher profit margins has declined. YTD, there’s been a notable reshuffling of holdings across profit and loss bands. In short:

Losses are increasing, but they’re not severe.
High-profit holdings are thinning.… pic.twitter.com/V8sTo12OWk

— glassnode (@glassnode) March 25, 2025

 

There are indications that there is a readjustment of portfolios in profit-taking that is pushing prices closer toward breakeven levels. Altogether, the supply of Bitcoin within the 20-40% profit margin is rising, meaning some addresses are likely accumulating on dips.

For the uptrend to continue, Glassnode analysts note that prices must remain above the 200-day moving average, which is around $85,000. If bulls take over, the local resistance will be at $95,200 or the 111-day moving average.

This price level is just around the short-term holder (STH) realized price of around $93,500—a level that must also be reclaimed for buyers to take over convincingly. Overall, most STHs, or addresses that bought BTC in the last 90 days, are making losses, possibly creating selling pressure.

On the other hand, support is at $75,500, the 365-day moving average, and $45,100, the 200-week moving average. If lows have been created in March, then this may be the start of a bull run, an opportunity to double down on some of the best cryptos to buy in 2025.

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