Bitcoin Surges 12 Percent as Whales Take Control

Bitcoin ended its recent sideways trend this week with a sharp move upward. For weeks, the price stayed locked between 62,000 and 65,000 dollars, but a sudden breakout occurred on Wednesday afternoon. Market participants are pointing to several potential causes, including recent government events involving crypto policy.

Analysts suggest the real driver behind the move is the activity of long term holders, often called whales. Data shows that these participants opened large long positions while the price sat below 63,000 dollars last week. Their influence appears to be the primary engine behind the recent price action.

Beyond whale activity, broader market signals are showing strength. For the first time since October 2025, demand for Bitcoin has turned positive in both spot markets and perpetual futures. While the shift is currently modest, industry experts suggest that if this demand sustains for the next month, it could signal the end of the current bear market.