Crypto Whales Buying Bitcoin Again; Jim Cramer Believes US Government Can Start Piling When Prices Reach $60K

Bitcoin prices fell again on Tuesday, hovering around $67,000, but the recent massive price correction has not deterred crypto whales from piling into the world's largest cryptocurrency. The popular digital asset drew fresh support from BTC whales, but their return has left investors questioning whether it could trigger a price recovery or is merely an act of damage control.

Bitcoin whale wallets purchased 53,000 tokens over the past week, marking the biggest buying spree since November 2025, following weeks of heavy BTC selling. At that time, large purchases by whales helped steady prices, but most investors remained on the sidelines.

Glassnode data revealed that crypto wallets holding more than 1,000 BTC added over $4 billion worth of the token during the period. However, Glassnode analyst Brett Singer said the whale activity does not halt the decline, adding that 'we still need to see more money coming into the market.'

Although whale activity has intensified, broader markets remain cautious. Bitcoin's price action also reflects uneven support: the token surged to over $124,000 in October, fell to $60,000 last week, rebounded to $70,000, and then slipped again to $67,000.

The stop-start behaviour among large crypto holders raises questions about who will drive the next sustained Bitcoin rally. Investors who purchased BTC via new ETFs are now facing mounting losses, while corporate holders buying Bitcoin as a reserve asset have slowed purchases as share prices and balance sheets come under pressure.

Jim Cramer Hints That US Government Could Buy BTC Near $60K

Financial guru Jim Cramer has sparked curiosity in crypto markets after suggesting that the US government could invest in Bitcoin if prices fall to $60,000 per token. If Cramer's claim proves accurate, Bitcoin would need to decline by more than 15% from current trading levels for the administration to make a purchase.

Cramer reportedly said he had 'heard at $60,000, the President is gonna fill the Bitcoin Reserve.' The comment immediately made headlines, reigniting discussions about a potential US Strategic Bitcoin Reserve and whether any purchases would come from Treasury funds or assets already held by the government.

However, several market experts disagreed with Cramer, noting that most government BTC holdings have come from seizures and forfeitures, rather than open-market purchases. Following Cramer's comment, Bitcoin prices rose slightly as traders processed the claim, with some investors likely finding buying motivation from the ensuing market chatter.

On-chain and crypto wallet scans indicated that investors were not pricing in a secret government accumulation should BTC decline further. Analysts also cautioned that there is no solid evidence that the US government would purchase Bitcoin using taxpayer funds.

The US government holds 328,372 Bitcoins, valued at over $23 billion, according to Arkham data. These holdings have remained unchanged since last month, with no noticeable BTC movement into government wallets.

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