Bitcoin News Today: Bitcoin Whales Add 1 Of Supply As Profit-Taking And Diversification Continue

Bitcoin whales—wallets holding between 10 and 10,000 BTC—have accumulated nearly 1% of the circulating Bitcoin supply over the past four months, according to data from crypto analytics firm Santiment [1]. This accumulation equates to approximately 218,570 additional BTC added to whale wallets since late March 2025, reflecting a strategic repositioning amid fluctuating market conditions. In the last 48 hours alone, whale wallets added around 30,000 BTC, as reported by on-chain analyst Ali Martinez [1].

Despite this accumulation, some large holders have taken profits recently. A single whale sold $9 billion worth of Bitcoin in one day, facilitated by crypto asset manager Galaxy Digital [1]. However, 97% of circulating Bitcoin remains in profit, with over $1.4 trillion in unrealized gains across the network, according to Glassnode analysts [1]. Bitcoin’s price has remained stable around $118,556, with daily trading volumes reaching $44 billion [1]. Prediction markets show divided sentiment, with 55% of bets favoring a price below $119,000 by August 1 and 45% anticipating a breakout [1].

Whales are also diversifying their holdings beyond Bitcoin, with increased interest in Ethereum and select meme coins. SharpLink Gaming, for example, invested $463 million in Ethereum in July alone, bringing total purchases to $780 million for the month [1]. Whales are also showing speculative interest in high-alpha assets such as PEPE and WIF, signaling a shift toward alternative opportunities while maintaining exposure to established Layer-1 platforms like Ethereum and Solana, which host robust DeFi ecosystems [1].

The broader cryptocurrency market has seen mixed movements. While the total market cap briefly exceeded $4 trillion on July 27, it has since pulled back to around $3.44 trillion [1]. Bitget COO Vugar Usi Zade expects renewed growth in the third quarter, driven in part by whale activity and diversification strategies [1].

Whale behavior remains a key indicator for market sentiment. The accumulation trend suggests long-term confidence in Bitcoin, while profit-taking and diversification highlight strategic flexibility in the face of volatility. As whales continue to shift assets across the crypto landscape, their actions are likely to influence both short-term price dynamics and long-term market structure [1].

Source: [1] Bitcoin Whales May Have Accumulated Nearly 1% of Circulating Supply Amid Market Diversification Trends (https://en.coinotag.com/bitcoin-whales-may-have-accumulated-nearly-1-of-circulating-supply-amid-market-diversification-trends/)