Whales have increased their holdings by over 122,000 BTC in the wallet over the past six weeks, as institutions bet that Bitcoin may break through.

Beneath the seemingly calm surface of the market, a silent Whale action is brewing for the next round of major movements in Bitcoin. According to on-chain data, in the past six weeks, wallets holding 100 to 1000 BTC have added a total of 122,330 Bitcoins, along with 337 new wallets, indicating a strong buying intention from institutions or high-net-worth investors.

Retail is watching, the Whale moves first.

Despite Bitcoin currently hovering around $107,000, retail investors generally show caution and even bearish sentiment, while large holders are quietly increasing their positions. According to Alphractal data, there is a clear divergence in trading sentiment between whales and retail investors, with the whale group having established long positions, while retail investors remain conservative.

The heatmap shows a significant red band in the BTC/USDT trading pair, which usually indicates that a large amount of funds is continuously being bought.

Smart funds are quietly building positions.

The current overall Funding Rate remains at a moderate positive value of +0.0058, indicating a market inclination towards bullishness but not yet overheating; meanwhile, the Fear and Greed Index is at 65 (Greed), not yet entering the euphoria stage, providing potential support for the continuation of the market trend.