# Bitcoin Major Holder Accumulation Stalls Amid Market Weakness

**Published:** 2026-05-29T04:33:46.000Z  
**Topic:** Bitcoin Whale  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/bf52dc23-8b7b-424d-81af-b9f9e5c3978a

CryptoQuant reports a decline in Bitcoin accumulation by major holders as market demand slows, while traders place new bids near the $70,000 support level.

Major Bitcoin holders have shifted from accumulation to a period of distribution, signaling a potential weakening in the asset's structural demand [1]. According to a report from CryptoQuant, this change in behavior mirrors patterns observed during the 2022 bear market and suggests that the current holding structure is deteriorating across key investor cohorts [1].

**Key takeaways**
* Whale accounts holding between 1,000 and 1,0000 Bitcoin have seen their annual balance growth turn negative, marking the fastest contraction this year [1].
* Bitcoin "dolphins," which include exchange-traded funds and corporate treasuries, are experiencing a sharp deceleration in growth [1].
* Approximately 40% of the total Bitcoin supply is currently held at an unrealized loss [1].
* Traders have placed over $500 million in bid liquidity between $72,000 and $70,000 in an attempt to establish a support zone [2].

## Shifts in Investor Behavior and Market Sentiment
The decline in accumulation is most pronounced among "whales," whose monthly balance growth has remained flat since February [1]. While "dolphin" cohorts—investors holding between 100 and 1,000 BTC—are still growing on an annual basis, their monthly balance growth has neared zero, with successive lower highs recorded since September 2025 [1]. CryptoQuant notes that these periods of stagnant growth have historically preceded sustained price weakness, as these groups represent the primary source of structural support in the market [1].

This cooling demand coincides with a broader crypto bear market influenced by geopolitical and macroeconomic headwinds [1]. As of recent trading, the daily Bitcoin trend has turned bearish after the asset lost support at $74,800, leading to a pattern of lower highs and lower lows [2]. The Relative Strength Index (RSI) has dropped to approximately 33, its lowest level since late February, indicating that sellers currently maintain control over short-term price action [2].

## Liquidity Zones and Future Outlook
Despite the bearish sentiment, traders are attempting to stabilize the price near the $70,000 level. Order-book data reveals that dip buyers have placed 6,235 BTC in bid liquidity between $72,000 and $70,000, worth roughly $443 million at current prices [2]. An additional $69 million in bids is positioned at $68,505, though liquidity thins significantly below that point [2].

Market analysts remain divided on the potential for a recovery. Researcher Tim Sun of HashKey Group suggests that while the absolute bottom could theoretically reach $40,000 to $45,000, a more realistic range for a market bottom may be $55,000 to $60,000, provided that interest rates ease and geopolitical tensions do not escalate [1]. Ultimately, the formation of a solid market bottom and a subsequent recovery depends on a definitive improvement in the broader liquidity environment and a stabilization of interest rates [1].

## Sources
1. Fxstreet — [Bitcoin’s major holders halt buys as demand slows: CryptoQuant](https://www.fxstreet.com/cryptocurrencies/news/bitcoins-major-holders-halt-buys-as-demand-slows-cryptoquant-202605290540)
2. Tradingview — [Bitcoin dip buyers place $500M in bids as... — TradingView News](https://www.tradingview.com/news/cointelegraph:04a8d0a66094b:0-bitcoin-dip-buyers-place-500m-in-bids-as-70k-retest-looms/)
3. Todayonchain — [Bitcoin’s major holders halt buys as demand slows: CryptoQuant](https://www.todayonchain.com/news/article/01KSS2M5P7X6M3AXCTYETZ03BM/)

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Cite as: TrendWatcher, "Bitcoin Major Holder Accumulation Stalls Amid Market Weakness", https://www.trendwatcher.in/article/bf52dc23-8b7b-424d-81af-b9f9e5c3978a