2420: 190,000 Bitcoin Just Got Bought - Why The Bottom Is Already In

**Justin Verrengia** (0:00)
You're about to make one of two mistakes. You will either buy Bitcoin after everyone else does, or you'll wish you bought it before they did. There isn't a third option. If I told you 190,000 Bitcoin quietly disappeared, would you even notice?
Most people wouldn't, because everyone is still staring at the price, while the smartest money is staring at the supply.
Since December, Bitcoin whales have accumulated another 190,000 BTC.
This isn't speculation.
That's conviction. And historically, this kind of whale accumulation has appeared near major Bitcoin bottoms, not major tops. Nobody can guarantee the bottom is in, but history tells us accumulation like this deserves our attention. The people with the deepest pockets aren't waiting for confirmation. They're already buying. BlackRock's iBit buyers have purchased Bitcoin every single trading day this week. We're back. Nearly 500 million has already flowed into iBit, while total US spot Bitcoin ETF purchases have reached roughly 626 million. And the week's not over yet, is it? This isn't leverage chasing a quick candle. It's spot demand absorbing real Bitcoin. Every Bitcoin purchased by an ETF must come from somewhere. Every Bitcoin moved into a whale wallet becomes less likely to return to the market tomorrow. Every public company that adds Bitcoin to the treasury removes more supply from the weak hands. Jack Dorsey's block just added another 18 million. Worth the biddies, bringing its total holdings to more than 9,100 BTC. That is usually how major reversals begin. Not with everyone feeling confident, not with the headlines screaming that the bottom is in, but with strong hands quietly buying. While everyone else remains distracted by the fear, meanwhile, the geopolitical Bitcoin race keeps accelerating. Russia just signed comprehensive digital asset legislation, creating a clear legal framework for digital assets and investor protections, which is their version of their Bitcoin clarity act, already signed into law by Putin. That does not make Russia a Bitcoin nation overnight, but it proves the conversation has completely changed. Governments are no longer debating whether digital assets will exist. They're building the legal frameworks around them. And while Russia moves forward, Washington is still fighting over the Clarity Act. President Trump's White House is now actively reviewing the bill's ethics provision as lawmakers attempt to finalize the legislation. In fact, there is no recess this weekend. They need to come to a consensus and actually vote. Republicans and Democrats are still negotiating at the finish line. With only days remaining, Cynthia Lummis has said she spent 11 months bending over backwards to reach an agreement. She is now publicly warning that if the bill fails, it'll be because the Democrats killed it. The next block will arrive whether the Clarity Act passes, fails or gets delayed again. The supply will remain fixed, unlike Nipponator. The network will keep operating, and the largest buyers will keep making their own decisions. Where will Bitcoin trade next? But the better question is, who will own the Bitcoin? Because that's the battle unfolding right now. Not between the bulls and the bears. Between buyers with decade, long time horizons. And sellers focus on tomorrow's price. Every major buyer is competing for the same finite supply. And once that supply moves into stronger hands, getting it back usually requires a much higher price. But 190,000 Bitcoin does not move into the well hands by accident. Half a billion dollars does not flow into BlackRock's Bitcoin ETF in a few days by accident. Public companies do not keep accumulating during fear by accident. The people buying now are not waiting for emotional confirmation. They are positioning before everyone else feels comfortable. The market is still debating whether Bitcoin has bottom. The biggest buyers are behaving as if that debate is already over. The headlines tell you what the people are saying. The blockchain tells you what they are actually doing. Let's look at what the biggest Bitcoin holders have been doing behind the scenes. As reported right here just then, Bitcoin well holdings have risen by 190,000 Bitcoin since December 2025, with CryptoQuant saying the accumulation pattern has historically preceded market bottoms. So my question for each and every one of you, is the bottom in? We did touch roughly 57,000 a few weeks ago. Was that the bottom? Or will we likely trend lower? Let me know your thoughts. Also in the headlines, BlackRock bought Bitcoin every day this week. The ETF flows are back in the green. BlackRock's iBitBitcoin ETF buyers have net bought Bitcoin every day this week, purchasing a total of 478.5 million in Bitcoin thus far. And it's been a long time since we had a full week in the green. So the institutions are accumulating. We do know Sailor just sold some Bitcoin, roughly 100 million worth for the week, which is his first sell-off for this month. But nonetheless, he's still going to remain a net buyer, which is the bigger picture. And as he said, he never told you his company would never sell Bitcoin. He said he would never sell Bitcoin, and he told you to never sell your Bitcoin. So get it straight. Also in the headlines here, huge whales just bought 100 million worth of Bitcoin. The smart money is actively accumulating. You can see on the blockchain right here, massive buys are going down, like Charlie Brown, Snoopy and Woodstock. And I don't think this is going to slow down. I think it will continue to accelerate. I think the bear market is behind us onwards and upwards. But let me know your thoughts.