Bitcoin whales are back, wanting to push BTC price higher

Bitcoin whales are now active, making transactions exceeding $1 million in BTC over the past three days.
Proponents believe massive whale transactions could push Bitcoin price above $45,000.
Analysts have a bullish outlook on Bitcoin, set a target of $50,000 for the cryptocurrency.

Ekta Mourya FXStreet

Bitcoin price awaits trigger, as it hovers between $43,000 and $45,000. Whale transactions on the network exceeding $1 million hit a peak over the past three days, fueling a bullish outlook among investors.

Bitcoin price rallies as whales make massive transactions

For the first time in three months, there were 13,400 Bitcoin whale transactions exceeding $1 million in value. This is a key milestone for Bitcoin as whale movements are historically followed by a price rally.

Whale transactions are indicative of a rising demand among large wallet investors. A rise in demand fuels a bullish narrative among investors.

Based on data from crypto intelligence platform Santiment, large wallet investors engaged in massive transactions on the Bitcoin network for three consecutive days.

Bitcoin whale transactions exceeding $1 million

Large wallet investors scooped up Bitcoin through the recent consolidation in the crypto market. Massive transactions by whales are associated with new buying power or the redistribution of funds.

@CryptoKaleo, a cryptocurrency analyst and trader evaluated the Bitcoin price trend and set a target of $50,000 for the asset. Kaleo believes that the February 1, 2022 Bitcoin fractal mirrors the current price action and fits the technical narrative. The analyst has a bullish outlook on Bitcoin.

#Bitcoin / $BTC

Retest $40K, run it back to $50K. pic.twitter.com/sMuEEHF6Sx
— K A L E O (@CryptoKaleo) March 3, 2022

FXStreet analysts believe that Bitcoin price could breakout and continue its rally. Bitcoin price target is $50,000 in the ongoing bull run.

Author

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.