Experts Weigh in as Bitcoin Breaks Despite Whale Accumulation

The crypto market has been indecisive in its direction, spear-headed by Bitcoin. Experts are concerned that despite the positive developments around the top digital asset, it seems too weak to sustain a rally, and they have given some opinions about why this is the case.

BlackRock and Fidelity, two of Bitcoin’s biggest corporate investors bought $500 million worth of Bitcoin yesterday 17 December, which is one of several such whale purchases in recent times. However, such huge trades which should usually translate into a price rally have not affected the price so far.

Changing Investor Approach Causing Bitcoin Weakness 

The price of Bitcoin has displayed a lot of weakness, failing to break out and reach new price levels. The most recent failure was around $90,000, which analysts already see leading to lower price dips as the price broke below $88,000. If the downward trend escalates, they see the price reaching the low $80Ks or even worse.

The coin has also shown weakness in one of its key metrics – the number of active wallet addresses. The steep decline from over 1.3 million wallets to under 700,000 has become of concern as according to crypto analysts, indicates a slowdown in the crypto market, probably driven by a lack of interest as market uncertainty persists.

However, happenings around Bitcoin have been mainly positive, which leaves experts confused about why the price has not seen a breakout and backup rally. For example, gold saw a massive rally earlier this year, which traditionally is followed by a bitcoin rally, yet the rally never came. What could be responsible for this?

According to one analyst, the weakness seen in bitcoin is unusual as has been established by other analysts. While similar drops have been seen in the past, he says such drops always had a reason backing them, unlike in 2025 where there’s no major negative event that can be implicated. He concludes that it is investor behaviour that is responsible, not fear as was the case in previous years.

Is the Cycle Over for Bitcoin in 2025?

Another explanation given for Bitcoin’s unpredictable behavior is that the typical four-year crypto cycle may already be broken. This means that Bitcoin may not rally in 2025 as was anticipated earlier to play according to previous patterns. 

If this is the case, Bitcoin rally may be delayed for 2025 but may come at a later time, probably next year. However, no one knows for a fact how it’s going to play out since every condition required for the rally in 2025 was met with no result.  

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