Bitcoin News Today: Bitcoin Whales Accumulate 218,570 BTC, Control 68.44% of Supply

Bitcoin whale activity continues to draw significant attention as the market approaches a critical phase in its cycle. Recent on-chain data shows that large holders—wallets containing over 1,000 BTC—have accumulated an additional 218,570 BTC since March 2025, representing 68.44% of the total supply [3]. This trend contrasts with the 2021 cycle, when whale holdings dropped sharply near the price peak. The current accumulation suggests ongoing confidence in Bitcoin’s long-term potential, with large investors removing supply from the market and reinforcing price stability [1].

However, the situation is not entirely bullish. In late July, whale wallets showed signs of profit-taking, particularly after Bitcoin failed to maintain a price above $120,000. Analysts describe this as the “third major profit-taking wave of the current cycle,” with large holders reducing exposure during market consolidation [1]. The reduction in whale-held supply has reached 502,000 BTC, indicating that long-term holders and institutional players may be redistributing their assets [4].

Bitcoin has since traded above $118,500 for 16 consecutive days as of late July, reflecting a period of extended consolidation [5]. While whale activity remains a key indicator, new investors have also entered the market based on price expectations, with investor dominance rising to 30% [6]. This shift suggests a broader trend toward market participation, potentially signaling a transition from whale-driven dynamics to a more diversified structure.

Ethereum’s whale behavior has also diverged, with Ethereum large wallets surging as Bitcoin whales reduced holdings [2]. This indicates a possible reallocation of capital across crypto assets and underscores the evolving strategies of institutional and large participants.

Whale activity remains unpredictable, with increased transfers potentially reflecting profit-taking, portfolio rebalancing, or early address redistribution. These mixed signals complicate the interpretation of future market direction [8]. Additionally, the coordinated movements of a few whales could artificially influence price trends, potentially disadvantaging smaller investors [9].

On-chain trends continue to support the current market outlook, with whale holdings still far from previous distribution zones. When whale accumulation halts or reverses, historical patterns suggest that a potential cycle top may be forming [3]. For now, the bullish sentiment persists, but the market remains attentive to any shifts in whale behavior that could signal the next major turning point.

Sources:

[1] New whales trigger Bitcoin's third profit-taking wave of current cycle - [https://www.tradingview.com/news/cointelegraph:e2317e616094b:0-new-whales-trigger-bitcoin-s-third-profit-taking-wave-of-current-cycle/](https://www.tradingview.com/news/cointelegraph:e2317e616094b:0-new-whales-trigger-bitcoin-s-third-profit-taking-wave-of-current-cycle/)

[2] Ethereum Whale Wallets Surge as Bitcoin Whales Reduce Holdings - [https://cryptomus.com/blog/ethereum-whale-wallets-surge-as-bitcoin-whales-reduce-holdings-news?srsltid=AfmBOorxSlgAoeVOSpSonujbxv8sYk3OEzFlXXJA5cPqHgk8JFpzwUjg](https://cryptomus.com/blog/ethereum-whale-wallets-surge-as-bitcoin-whales-reduce-holdings-news?srsltid=AfmBOorxSlgAoeVOSpSonujbxv8sYk3OEzFlXXJA5cPqHgk8JFpzwUjg)

[3] Bitcoin Whales Accumulate 218,570 BTC Amid Market Consolidation - [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-whales-accumulate-218-570-btc-market-consolidation-2508/](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-whales-accumulate-218-570-btc-market-consolidation-2508/)

[4] Bitcoin Institutional Inflows Replace Whale Liquidity As... - [https://www.mitrade.com/insights/news/live-news/article-3-1003119-20250801](https://www.mitrade.com/insights/news/live-news/article-3-1003119-20250801)

[5] Bitcoin Price Forecast: BTC extends consolidation as... - [https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-forecast-btc-extends-consolidation-as-whale-buying-regulatory-clarity-boost-sentiment-202507311109](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-forecast-btc-extends-consolidation-as-whale-buying-regulatory-clarity-boost-sentiment-202507311109)

[6] New Investor Dominance Rises to 30% as Whale Profits Rise... - [https://www.ainvest.com/news/bitcoin-news-today-investor-dominance-rises-30-whale-profits-rise-market-remains-bullish-2508/](https://www.ainvest.com/news/bitcoin-news-today-investor-dominance-rises-30-whale-profits-rise-market-remains-bullish-2508/)

[7] Bitcoin Whales Seize 68% of Supply After Adding 218,570 BTC - [https://cryptopotato.com/bitcoin-whales-seize-68-of-supply-after-adding-218570-btc/](https://cryptopotato.com/bitcoin-whales-seize-68-of-supply-after-adding-218570-btc/)

[8] Accumulation or Exit? Bitcoin Whale Activity Sends Mixed Signals - [https://cryptodnes.bg/en/accumulation-or-exit-bitcoin-whale-activity-sends-mixed-signals/](https://cryptodnes.bg/en/accumulation-or-exit-bitcoin-whale-activity-sends-mixed-signals/)

[9] Bitcoin Whales' Astounding Accumulation: A Bullish Signal? - [https://www.bitget.com/news/detail/12560604888245](https://www.bitget.com/news/detail/12560604888245)