Bitcoin whale wallets accumulated 41,025 BTC while retail remained flat, as institutional spot ETF inflows hit $2.4B last week and BTC stabilized around $85,000 after testing $83,000.
Macro & Markets ·
Bitcoin whale wallets have accumulated 41,025 BTC over the past 10 days, bringing their combined holdings to 13.64 million BTC—roughly 68% of total supply—while retail investors holding less than 0.01 BTC remained flat during the same period. The price climbed above $87,400 last week but lost momentum, testing $83,000 before stabilizing near $85,000, according to blockchain analytics. Whale holdings are now at their highest level since mid-August, though the analytics firm noted this pattern is not a guaranteed predictor of price movement.
Institutional capital has continued flowing into spot Bitcoin ETFs, with $2.4 billion in inflows recorded last week. Corporate buyers have remained active as well; Strategy purchased 1,665 BTC at an average price of $85,681 over the past week, while Strive spent $94.5 million on 1,107 BTC at $85,400 per unit. These institutional moves stand in contrast to the divergence between large and small holder behavior, which market observers will monitor for signals about shifting sentiment.
The trend remains uncertain. Crypto analysts have pointed to bearish technical signals across multiple indicators that could precede a near-term pullback, while others have cited Bitcoin's reclaimed key support levels and a rising True Market Mean—now at $76,897—as grounds for longer-term optimism. Whether sustained whale accumulation and retail inactivity develop into a sustained rally depends on movements that have not yet materialized.