- Bitcoin sentiment has flipped bullish as whale wallets hit a 2025 high of 2,106, signaling renewed confidence in the market. With institutions and retail investors following suit, BTC could be gearing up for its next major rally.
After months of volatility and subdued investor confidence, Bitcoin is finally flashing green. In a major shift in market sentiment, the number of whale wallets—those holding over 1,000 BTC—has surged to a year-to-date high of 2,106, signaling a potential turning point for the flagship cryptocurrency.
The change comes after four months of bearish sentiment driven largely by macroeconomic uncertainty. But according to data from CryptoQuant, the Bitcoin Sentiment Vote-Up or Down indicator has turned green for the first time in 2025, suggesting a wave of renewed optimism among
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Large holders are leading the charge. Whale wallets had declined to 2,038 earlier this year but have now climbed steadily, signaling aggressive accumulation. This uptick is often viewed as a precursor to price rallies, as whales tend to move ahead of broader market trends.
Notably, the Exchange Whale Ratio has remained negative for five straight days, indicating whales are holding onto their assets rather than offloading them on exchanges. This pattern typically reflects rising confidence and a long-term bullish outlook.
U.S. institutional sentiment is also catching up. The Coinbase Premium Index, which compares prices on Coinbase versus global exchanges, has turned positive for the first time in 17 days. This implies that American investors are now willing to pay a premium for BTC—another bullish signal.
So, what’s next for Bitcoin?
With sentiment on the rise and whales back in accumulation mode, BTC appears poised to challenge its next major resistance levels. A move past $86,190 could set the stage for a push toward $88,500. However, if the rally loses steam and whales shift to a risk-off stance, a dip toward $81,616 remains a risk.
Still, the tides are turning. With whales, institutions, and retail investors aligned, Bitcoin may be gearing up for its next big move. The only question now: will sentiment continue to fuel the climb?
