Bitcoin Whales Increase Holdings to Highest Level Since 2024

TLDR

• Bitcoin whale accumulation has reached its highest level since 2024, with large holders increasing their positions significantly.
• The cohort of whales holding between 1,000 and 10,000 BTC has seen a major rise in accumulation, signaling long-term interest.
• Whale activity on the Binance exchange has surged, with large holders now accounting for a significant portion of trading volume.
• Over the past 30 days, Bitcoin whale balances have increased by around 152,000 BTC, showing a strong net accumulation.
• Despite Bitcoin’s recent price decline, whale accumulation has remained robust, indicating confidence in Bitcoin’s long-term prospects.

Bitcoin whale accumulation has surged to its highest level since 2024, as large holders amass more coins despite ongoing market volatility. The cohort holding between 1,000 and 10,000 BTC has ramped up its accumulation, signaling a shift in long-term positioning. This growth in whale-controlled Bitcoin reached approximately 3.204 million BTC, marking a strong return of long-term interest.

Bitcoin Whales Increase Accumulation Pace

Over recent months, Bitcoin whales have steadily increased their accumulation. Data shows that large holders are now controlling 3.204 million BTC, the highest level seen in years. This marks a shift in the behavior of whales, who have been increasingly active, despite the ongoing volatility in the market.

The heightened pace of accumulation reflects a renewed interest in Bitcoin by these large holders. The whales, holding between 1,000 and 10,000 BTC, have been adding to their positions at a notably faster rate. This activity contrasts with previous periods, where accumulation was slower, suggesting that these investors are positioning for the long-term.

Whale activity on the Binance exchange has surged in recent weeks. Whale trading metrics indicate a significant rise in the share of trading volume coming from large holders, reaching nearly 0.65 in January. This level is the highest since November 2024, indicating active management of positions.

This increase in whale activity typically points to strategies such as capital rotation, hedging against market volatility, and adjusting derivative positions. By maintaining their core long-term holdings, these whales appear to be managing their liquidity while reacting to short-term market movements. This shift could signify a preference for stability as large holders reinforce their positions.

Bitcoin Price Drop Triggers Whale Buying Spree

In the last 30 days, Bitcoin whale balances have risen by around 152,000 BTC, showing a marked increase in net accumulation. This flow of coins into whale addresses suggests that these holders are committed to strengthening their positions. The accumulation has remained robust, even as Bitcoin’s price has faced downward pressure in recent days.

Over a shorter 7-day period, the change has also been positive, with an increase of nearly 30,000 BTC. This uptick in accumulation momentum underscores the ongoing trend, as large holders continue to accumulate Bitcoin despite market fluctuations. This indicates a consolidation phase led by whales, who seem to be taking advantage of price dips to expand their holdings.

The latest trends come amid a broader market pullback, with Bitcoin experiencing a drop of over 6% on January 30. This decline pushed the price to its lowest level since November, triggering renewed volatility. As fear, uncertainty, and doubt rose on social media, some analysts pointed to this as a potential sign of market capitulation.

The post Bitcoin Whales Increase Holdings to Highest Level Since 2024 appeared first on CoinCentral.