Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Fresh Whales Are Very Active in Bitcoin: They Are Accumulating BTC at Record Levels! Here's What It Means

Crypto analytics company CryptoQuant indicated a noteworthy whale activity in the Bitcoin market.

According to the data shared by the company, new investor wallets holding 1,000 BTC or more, referred to as “new whales”, have been accumulating Bitcoin at record levels in recent months.

The indicator that CryptoQuant focuses on, “Supply Held by New Whales,” focuses on large wallets created in the last six months. In this analysis, cold wallets that have been inactive for a long time are not taken into account, and only new investment decisions are evaluated.

Key findings between March 1 – June 4, 2025:

  • The amount of Bitcoin held by new whales has doubled: It increased from approximately 500,000 BTC to 1.1 million BTC. This means an increase of 600,000 BTC ( approximately 63 billion dollars ).
  • The share of the total circulating supply has increased from 2.5% to 5.6%. This increase indicates that an amount of supply equivalent to approximately ten months of Bitcoin mining production has been withdrawn from the market.
  • According to the analysis company, the average age of the Bitcoins held by these whales is low. This indicates that purchases have been made recently, meaning there is a new capital inflow into the market. It is not a wallet exchange of old investors, but rather direct purchases.

The rapid accumulation of newly mined Bitcoins in these large wallets is squeezing the supply in the market. According to analysts, similar supply squeezes have been observed in the past before sudden rises in prices.

According to CryptoQuant, this group of high-capital and aggressive investors is likely preparing for possible macroeconomic developments such as interest rate cuts or new inflows of money into ( ETFs for crypto asset investment.

*It is not investment advice.

Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, download our Android and IOS Applications to start live price tracking immediately!

BTC1.2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)