Bitcoin slid again Tuesday, trading near $67,000, even as large holders accumulated 53,000 tokens over the past week in what blockchain data show is the biggest buying surge since November 2025. The renewed whale activity comes amid volatile price swings and fresh speculation that the U.S. government could step in near $60,000, a threshold cited by television host Jim Cramer.
Data from blockchain analytics firm Glassnode indicate that wallets holding more than 1,000 BTC added more than $4 billion worth of Bitcoin during the recent downturn. The purchases followed weeks of heavy selling pressure and represent a sharp reversal in positioning among the largest holders.
The scale of accumulation is notable:
- 53,000 BTC acquired by whale wallets in one week
- $4+ billion in estimated value added
- Largest buying spree since November 2025
Yet analysts caution that large-holder support alone may not stabilize prices. Brett Singer, a Glassnode analyst, said that "we still need to see more money coming into the market." Whale activity, he suggested, does not automatically reverse a broader downturn if retail and institutional flows remain subdued.
Bitcoin's recent trading pattern underscores the fragility of sentiment. The cryptocurrency surged to above $124,000 in October, fell to around $60,000 last week, rebounded toward $70,000 and then slipped again to the mid-$60,000 range. The volatility has left investors divided over whether current buying signals the start of a new rally or a tactical attempt to defend key levels.
ETF-driven demand, which helped power earlier gains, has cooled as some investors now face unrealized losses. Corporate treasuries that previously added Bitcoin as a reserve asset have also slowed purchases amid pressure on equity valuations and balance sheets.
Adding to market intrigue, Cramer said he had "heard at $60,000, the President is gonna fill the Bitcoin Reserve." The comment fueled renewed discussion about a potential U.S. Strategic Bitcoin Reserve, though no official policy announcement has been made.
According to blockchain intelligence firm Arkham, the U.S. government currently holds 328,372 Bitcoins, valued at more than $23 billion. These holdings, largely derived from seizures and forfeitures, have shown no significant movement in recent weeks.
Market participants remain skeptical about the likelihood of open-market government purchases. On-chain wallet scans have not indicated accumulation patterns consistent with a coordinated buying program, and analysts note there is no verified evidence that taxpayer funds would be deployed for such acquisitions.
