Large Bitcoin holders, known as “whales,” continue to actively increase their reserves of the first cryptocurrency. According to analytics firm CryptoQuant, there has been a significant increase in the assets held in the wallets of investors with balances ranging from 10 to 10,000 BTC. Since the end of March, this group of market participants has added nearly 219,000 bitcoins to their portfolios.
This is reported by Business • Media
Activity of Major Investors and Its Impact on the Market
Analysts emphasize that the current accumulation trend sharply contrasts with the situation that preceded the peak in 2021, when the volumes of bitcoins in the wallets of major players began to decline. Experts note that a change in this dynamic could signal the approach of a new market peak.
“If the current accumulation trend on their part changes, it could indicate the approach of a potential market peak formation,” the experts added.
The Santiment platform also recorded that investors with balances from 10 to 10,000 BTC have replenished their wallets with an additional 218,570 bitcoins since the end of March. This group now controls approximately 68.44% of the total Bitcoin supply, indicating an increase of nearly 0.9% of the total number of coins in just a few months.
State of the Derivatives Market and Price Dynamics
Glassnode analysts note that despite the recent decline in prices for Bitcoin and Ethereum, liquidation volumes remain low — $110 million for Bitcoin and $132 million for Ethereum. Their observations show no signs of mass closures of positions with high leverage, indicating a lack of panic selling through derivatives. Experts believe that the current correction resembles ordinary spot sales rather than a crisis in the futures market.
Recall that in July 2025, Bitcoin demonstrated an increase of 8.13%, while Ethereum rose by 48.77%. This confirms the overall trend towards strengthening the positions of key cryptocurrencies in the market.