Bitfinex Whale Accumulates 300 BTC Daily, Sparking Market Speculation

Bitcoin’s on-chain activity has seen a resurgence with the return of the so-called “Bitfinex whale.” This entity has been accumulating Bitcoin at a rapid pace, purchasing roughly 300 BTC per day over the past 48 hours using time-weighted average price (TWAP) buying strategies. The sustained appetite of this whale, especially one connected with Bitfinex, is a potentially market-moving signal. Whale accumulation can soak up significant supply, causing upward pressure on the market or stabilizing it during volatility. Such whale behavior has preceded large bullish moves in previous cycles, as well as short-term volatility when whales shift gears or exit positions.

However, not everyone sees this as unequivocally bullish. Some whales accumulate during market weakness and then distribute (sell) into liquidity during stronger markets, adding both buying support in downturns and potential resistance during rallies. Adam Back, the CEO and co-founder of Blockstream, is a key figure in the crypto space. As the inventor of Hashcash, a critical Proof-of-Work algorithm referenced in the original Bitcoin whitepaper, Back is seen as one of the founding figures in the crypto space. He is renowned as a cypherpunk and one of the first to correspond with Bitcoin’s anonymous creator, Satoshi Nakamoto, making his market commentary carry outsized weight within the industry.

Earlier, former BitMEX CEO, Arthur Hayes, warned of a global liquidity crunch and expected Bitcoin to test $100,000 in the near term, adjusting his positions accordingly. On-chain data suggests that when whales accumulate at this scale, it’s typically a sign of strong hands preparing for the next price move, or smart money stepping in to absorb panic selling. With supply on exchanges already at record lows and institutional interest surging, continuous spot buying from traders like the Bitfinex whale could fuel both a relief rally and long-term supply squeeze, especially if sustained over days or weeks. However, whale accumulation doesn’t guarantee a straight line upward. Recent years have shown that large holders are just as likely to defend support as they are to take profit if the opportunity arises. Traders will be watching closely for signs of a trend reversal or major move.

Arthur Hayes, co-founder of the crypto trading platform BitMEX, predicts that Bitcoin could soon test the $100,000 mark. This prediction comes at a time when the United States is facing growing economic pressure. In particular, two macro factors that concerned Hayes were the near-term U.S. tariffs and a poor July 2025 jobs report. The tariff bill that was passed by the U.S. government is likely to be effective in the third quarter of 2025. At the same time, the latest employment figures revealed that the jobs created in July were just 73,000 compared to the expectations. The poor figure is an indication that perhaps the economy is slowing. According to Hayes, investors may resort to alternative means of value storage in such circumstances, such as Bitcoin and Ethereum. The problem today is that no major economy is engendering credit growth at the rate required to maintain nominal GDP growth. Hayes cautions that this may raise macroeconomic pressure in the next few months. He opines that such a setting will drive Bitcoin to $100,000 and Ethereum to $3,000. But Hayes has not always taken this conservative attitude. Previously, he speculated that Bitcoin may reach $100K owing to the liquidity injections that are expected to be made by the U.S. Treasury. He went even further to say that Bitcoin may go up to $1 million within the year 2025. His previous bullish sentiment was founded on the belief that the fiscal policies in the United States, especially those of the Trump administration, would undermine the value of the dollar, create inflation, and raise the prices of digital assets.

More recently, Hayes has shifted to a short-term bearish stance. The new tariffs, combined with the sluggish jobs growth, have now made him think that there is a possibility that the market will correct itself. This shift in attitude could be attributed to his recent activities. According to Lookonchain, Hayes sold a significant portion of his crypto holdings in one day. In particular, he has sold 2,373 ETH, 7.76 million ENA tokens, and 3.88 billion PEPE tokens. These sales indicate that he is preparing to face short-term volatility. Hayes is hopeful, even though he is cautious in the moment. He made it clear that he believes that Bitcoin is going to reach 250,000 by the year-end. In the case of Ethereum, he has a target of 10,000. Hayes is optimistic that the long-term market trend remains in favor of digital assets, particularly in the event that governments continue to use credit creation and money printing in order to address economic issues. To sum up, Arthur Hayes is giving a mixed message. On the one hand, he cautions against short-term volatility due to the U.S. trade policy and poor employment numbers. At the same time, he has a long-term vision of Bitcoin and Ethereum, which is bold. As of now, the crypto market will be keenly observing the economic trends and the next move by Hayes.

VanEck CEO Jan van Eck declared Bitcoin as "digital gold" during a live segment. This reinforced Bitcoin's narrative as a primary store of value. VanEck manages assets worth $133 billion, significantly credible in crypto investment. Jan van Eck has led VanEck as a forerunner in crypto ETF development. His statement during the broadcast is seen as a major institutional endorsement. It positions Bitcoin at a forefront as a reliable store of value and confirms the belief that "Bitcoin is digital gold." The immediate market reaction highlighted prospects for increased institutional involvement in Bitcoin. VanEck research indicated Bitcoin surged to all-time highs, driven by factors like dollar weakness and legislative support. Financial implications include potential capital flow into Bitcoin and related markets. The market's response could drive more firms to recognize Bitcoin as a hedge against economic pressures and currency instability. The historical precedent set by this assertion may lead to heightened interest from institutional investors. Similar endorsements have previously catapulted Bitcoin into the mainstream asset category with significant financial injections. Potential outcomes include increased market stability for Bitcoin, further regulatory scrutiny, and technological innovations in the ecosystem. Historical data suggests that endorsements of this level often bolster investor confidence and expand crypto adoption.

Bitcoin mining difficulty has reached a new peak, influencing miner operations with anticipated adjustments. The intricacies of these changes are unfolding as the community anticipates impacts on efficiency and profitability. The recent peak in Bitcoin mining difficulty and anticipated August adjustments hold significant implications for miners, with potential reductions in operational pressure expected. The Bitcoin mining difficulty reached a remarkable high of 127.62 terahashes in July 2025. Observers anticipate a 3% adjustment decrease in August, suggesting potential benefits for miners grappling with operational costs. The adjustment mechanism, created by Satoshi Nakamoto, operates autonomously without a central authority. This process, determined by the network's hashrate, adjusts every 2,016 blocks to manage block generation time. Higher difficulty poses challenges for less efficient miners, potentially affecting profitability. Past difficulty spikes have led to temporary hashrate redistribution and increased competition among miners. The forecasted decrease could result in reduced operational pressure on miners. Such changes might encourage miners to expand operations or maintain current hashrate levels, enhancing network efficiency. Previous difficulty adjustments have led to temporary hashpower shifts but did not trigger substantial Bitcoin price fluctuations. The current cycle mirrors patterns observed in similar historical instances. Bitcoin Difficulty has hit a value of 127.62 terahashes, higher than the previous record of 126.98 terahashes set last month. Experts from Kanalcoin indicate that lowering difficulty could alleviate financial strain on miners, restoring stability. Historical trends show minimal disruption in Bitcoin's valuation during and post-adjustment periods.