According to on-chain data, Bitcoin’s largest holders have recently entered a strong accumulation process again. According to data shared by blockchain analysis company Santiment, the total amount of Bitcoin in wallets holding more than 1,000 BTC increased to 7.17 million BTC. This level was recorded as the highest level since March 14.
Remarkable recovery in whale wallets
According to the data, the number of network addresses holding assets above this threshold was 2,044. The addresses in question control approximately 36% of Bitcoin’s circulating supply. In previous months, it appeared that large wallets were gradually reducing their holdings, with some of this supply falling into the hands of smaller investors. The latest chart showed that this trend was reversed.
Mini dictionary: Santiment is a data platform that publishes on-chain data, wallet movements and analysis on market behavior for crypto assets. On-chain data is the name given to measurements that track transactions directly through records on the blockchain.
The total amount in wallets holding assets over 1,000 BTC increased to 7.17 million BTC, indicating that large investors turned to purchasing again during the recent decline.
This recovery erased several months of selling trend by large wallets identified as whales. The re-switching of this group to the buying side, especially in periods when price pressure increases in the market, is among the structural signals that investors closely follow.
| Indicator | Data |
|---|---|
| whale threshold | Over 1,000 BTC |
| Total whale balance | 7.17 million BTC |
| Number of addresses | 2,044 |
| Share in circulating supply | About 36% |
Buying in the 60 thousand dollar region attracted attention
While Bitcoin experienced a sharp correction recently, the price declined to the horizontal support area around $60,000. During this period, it was observed that panic sales increased among small investors and the spot price dropped to levels just above $60,000. The data revealed that large wallets significantly increased their purchases in this period when liquidity weakened.
The acceleration of the rise in whale balances as the market enters a period of consolidation has created a striking divergence between price action and large investor behavior. Such buying coming during multi-week pullbacks is viewed by some market participants as a structurally positive sign.
The fact that major wallets have again reached the highest supply share in the last three months indicates that the lower and middle band of $ 60,000 is seen as a long-term value zone.
All eyes on macro conditions and spot ETF flows
The data once again showed that large investors are more patient with short-term fluctuations. The position increase of this group, especially after sharp withdrawals, stood out as a factor that could affect the supply dynamics in the market.
It is stated that if macroeconomic conditions become more stable and demand for spot Bitcoin ETFs recovers, the supply collected in large wallets may create a congestion in the market. This outlook has become one of the headlines to watch for the next large-scale rise in Bitcoin price.
