Bitcoin (BTC) whales accumulated more than 30,000 BTC over the past week, a development that has strengthened the bullish case for the cryptocurrency and prompted a new price prediction from ChatGPT.
In particular, wallets holding between 10 and 10,000 BTC increased their combined holdings from approximately 4.24 million BTC to 4.27 million BTC over the last seven days.
The accumulation represents more than 30,000 Bitcoin purchased by large holders during the period, according to data shared by market analyst Ali Martinez using Santiment metrics in an X post on June 17.
The buying comes as Bitcoin trades just below $65,000 amid continued institutional participation in spot Bitcoin ETFs.
At press time, Bitcoin was valued at $64,740, down more than 2% over the past 24 hours but still up over 6% on the weekly timeframe.
Traders closely monitor whale activity because it can provide insight into broader market sentiment.
The latest data shows large holders continued accumulating BTC despite recent volatility and ETF outflows, suggesting they view current price levels as attractive long-term entry points.
Although 30,000 BTC represents a small share of Bitcoin’s circulating supply, the purchases are worth roughly $2 billion at current prices, making the trend significant.
Historically, sustained whale accumulation has often preceded price gains, particularly when accompanied by strong institutional demand.
Bitcoin price prediction
Using the latest whale accumulation data alongside ETF trends, institutional demand, and broader market conditions, Finbold turned to ChatGPT to generate a probability-based Bitcoin price prediction for the coming month.
The analysis assigned a 50% probability to a bullish continuation scenario, with Bitcoin potentially rising to between $72,000 and $78,000.
ChatGPT assigned a 30% probability to a consolidation scenario, where BTC remains between $63,000 and $72,000. The bearish case carried a 20% probability, with Bitcoin potentially declining toward the $55,000 to $63,000 range.
Based on these scenarios, ChatGPT’s base-case Bitcoin forecast points to a price target of approximately $74,000 over the next 30 days. Such a move would represent roughly 12% upside from current levels.
Although whale accumulation is a bullish signal, Bitcoin’s next major move will likely depend on spot ETF demand. ETF flows have fluctuated in recent months, making them one of the biggest drivers of BTC price action. If inflows stabilize while whale buying continues, Bitcoin could move toward the upper end of ChatGPT’s forecast range.
The latest data suggests large holders are becoming increasingly confident in Bitcoin’s medium-term outlook.
While whale buying alone does not guarantee higher prices, rising whale holdings, continued institutional participation, and resilient support levels strengthen the bullish case for BTC.
