Bitcoin News Alert: Whales Gobble Up 1% of Supply as Profit-Taking and Diversification Heat Up
Bitcoin whales are making waves again! Recent data reveals these massive holders have accumulated nearly 1% of Bitcoin’s circulating supply in just four months. What does this mean for the market? Let’s dive into the latest Bitcoin news and uncover the strategic moves behind these staggering numbers.
Bitcoin Whales on a Buying Spree
According to Santiment, wallets holding between 10 and 10,000 BTC have added approximately 218,570 Bitcoin since March 2025. This accumulation represents a significant show of confidence in Bitcoin’s long-term value. Key points about this whale activity:
- 30,000 BTC added in just 48 hours
- 97% of circulating Bitcoin remains profitable
- Over $1.4 trillion in unrealized gains across the network
Profit-Taking Creates Market Tension
While accumulation continues, some whales are cashing in. A single entity sold $9 billion worth of Bitcoin in one day through Galaxy Digital. This profit-taking behavior creates an interesting dynamic:
| Activity | Impact |
|---|---|
| Whale accumulation | Price support |
| Profit-taking | Short-term pressure |
| Diversification | Market expansion |
Cryptocurrency Market Shows Mixed Signals
Bitcoin’s price has stabilized around $118,556 with daily volumes reaching $44 billion. Prediction markets show divided sentiment:
- 55% bet on price below $119,000 by August 1
- 45% anticipate a breakout
Diversification Beyond Bitcoin
Whales aren’t just holding Bitcoin. They’re spreading investments across:
- Ethereum ($780 million purchased in July)
- Meme coins like PEPE and WIF
- Layer-1 platforms (Solana, Ethereum)
What This Means for the Crypto Market
Bitget COO Vugar Usi Zade expects Q3 growth fueled by whale activity. The total market cap briefly hit $4 trillion before settling at $3.44 trillion. Three key takeaways:
- Whale accumulation signals long-term confidence
- Profit-taking creates buying opportunities
- Diversification strengthens ecosystem
FAQs
Q: How much Bitcoin have whales accumulated recently?
A: Approximately 218,570 BTC (nearly 1% of supply) in four months.
Q: Why are whales diversifying into other cryptocurrencies?
A: To capture growth opportunities beyond Bitcoin while maintaining core holdings.
Q: What percentage of Bitcoin is currently profitable?
A: 97% of circulating supply is in profit according to Glassnode.
Q: How might whale activity affect Bitcoin’s price?
A: Accumulation supports price, while large sales can create temporary dips.
