Definition ∞ A whale accumulation phase describes a period where large holders, often called “whales,” systematically acquire significant quantities of a digital asset. This occurs without causing substantial immediate price spikes, indicating a strategic, long-term positioning. It often precedes a notable upward price movement. This behavior suggests confidence in the asset’s future prospects.
Context ∞ News reporting on a whale accumulation phase can be a powerful indicator of impending market shifts. It provides context for understanding smart money movements and can signal a potential bullish trend. Monitoring on-chain data for such activity helps analysts predict market direction and offers insights into the conviction of major market participants.