Bitcoin News Today: Bitcoin Whales Add 1% of Circulating Supply Amid Stable Price Action

Bitcoin whales have steadily accumulated 1% of the total circulating supply of Bitcoin over the past four months, according to on-chain analytics and multiple market reports [1][2]. This accumulation has been particularly notable since late March 2025, with wallets holding between 10 and 10,000 BTC collectively acquiring over 218,570 BTC, which is a significant portion of the 21.85 million total circulating coins [4]. On-chain analyst Ali Martinez highlighted that within a 48-hour period around mid-July, whale activity resulted in an additional 30,000 BTC being added to their holdings [2]. This indicates a strategic and coordinated effort by large holders to build reserves amid a relatively stable price environment.

The accumulation has not triggered immediate price volatility. Bitcoin has remained range-bound, hovering around $118,556 for several days [4]. The broader cryptocurrency market also shows limited movement, with nearly 90% of assets fluctuating by less than 4% in the past 24 hours [6]. Technical indicators suggest a lack of strong directional momentum, with the Relative Strength Index (RSI) at 60 and the Average Directional Index (ADX) at 22. Meanwhile, the Exponential Moving Averages (EMAs) show a bullish structure, with the 50-day EMA offering support at current price levels [6]. These signs indicate that the market remains in a consolidation phase, with whale activity not directly driving price action yet.

Institutional participation has also increased, with entities such as family offices reportedly expanding their Bitcoin holdings [2]. As of now, institutional ownership exceeds 6% of the total Bitcoin supply, potentially influencing up to a quarter of the circulating stock [4]. This level of accumulation raises questions about future liquidity and market dynamics, as large holders consolidate control. Retail investors, in contrast, have responded by selling positions following recent Bitcoin price increases [4]. Spot trading volume reached $44 billion in a 24-hour period, but the lack of price movement suggests that retail participation is not currently a major factor in the market's trajectory [4].

Historically, heavy accumulation by whales has been associated with confidence in the asset and may precede periods of price stability or appreciation [4]. While the immediate impact on Bitcoin is limited, the broader implications for liquidity and long-term distribution remain a focus for market observers. Other cryptocurrencies, such as Ethereum and DeFi tokens, have not shown direct effects from this accumulation, according to current on-chain data [4]. Regulatory agencies such as the SEC and CFTC have not issued any immediate responses, indicating that the activity has not yet triggered direct regulatory concern [4].

The strategic behavior of Bitcoin whales reflects a growing trend of long-term positioning in the market, contrasting with the short-term volatility often seen in crypto. This accumulation suggests that large holders are preparing for potential future market conditions, with the possibility of influencing price movements in the long term. As the market continues to consolidate, the actions of these major participants may become a critical factor in shaping Bitcoin’s trajectory.

Source: [1] Bitcoin Whales Bought 1% of Circulating BTC Supply in ...(https://decrypt.co/332924/bitcoin-whales-1-percent-circulating-btc-supply) [2] Bitcoin whales have accumulated 1% of the total circulating ...(https://www.mexc.com/news/data-bitcoin-whales-have-accumulated-1-of-the-total-circulating-supply-of-bitcoin-in-the-past-four-months/63194) [4] Bitcoin News Today: Bitcoin Whales Add 1 Of Supply As ...(https://www.ainvest.com/news/bitcoin-news-today-bitcoin-whales-add-1-supply-profit-diversification-continue-2507/) [6] Bitcoin Sits Tight, But There's One Solana Token Turning ...(https://decrypt.co/333022/bitcoin-sits-tight-solana-token-turning-heads-analysis)