The recent correction momentum hasn’t frightened away big market players. Fresh data shows that whale acquisition is significantly accelerating. According to data reported today by market analyst Ali Martinez, whales acquired over 30,000 BTC tokens in the past 48 hours. These massive accumulations indicate calculated moves by large market participants to bolster their Bitcoin (BTC) reserves. The resurgent acquisitions signify a strong enthusiasm for BTC’s long-term capability despite the recent market slump. However, since whales are always right in market timing, their latest activity pegs questions about the market’s stability and future momentum.

Whales bought over 30,000 Bitcoin $BTC in 48 hours! pic.twitter.com/6KDywEzo7R

On-chain data shows that BTC has broken out of its recent corrective mode, currently standing at $120,353, up 10.4% and 8% over the past week and month, respectively. Based on fresh metrics posted today by analysts from CryptoQuant, a strong Bitcoin buying activity in the US catalysed the renewed bullish momentum. The analysts posted an important on-chain indicator, the Coinbase Premium Index, which tracks Bitcoin demand among investors in the United States. As per the data, the Coinbase Premium Index has climbed significantly, currently peaking at $91.86, heading towards triple digits. This uptick highlights a stronger purchasing frenzy among US investors, indicating substantial demand from American-based customers.

Traditionally, an increase in the index not only suggests positive market sentiment but also comes with surging Bitcoin prices. On the other hand, a fall in the index indicates heightened selling pressure.

The latest rise in the Coinbase Premium Index signals increasing institutional interest in Bitcoin, an indicator that bulls are not yet done as they prepare to push the asset to a new ATH. The high positive value in the index shows more robust demand from US companies that are purchasing Bitcoin at a premium.

Bitcoin finished September with a capital gain of 5.17%, ending the late-month consolidation, a sign of revived excitement in the market. As of today, October 3, 2025, BTC’s value currently stands at $120,578.

The renewed accumulation activity could push the asset past its recent ATH of $124,128 noted on August 14th, 2025. CryptoQuant analysts believe that short-term growth potential could soon push BTC’s price to $130k. 

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