According to analytics firm Santiment, cryptocurrency whales have significantly increased their Bitcoin reserves since March 2025, which may impact the market in the future.
Whale Accumulation
Since late March 2025, whales holding between 10 to 10,000 BTC have accumulated 218,570 BTC. As a result, their total control over Bitcoin supply has risen to 68.44%, indicating a significant increase in their holdings.
Market Reactions
However, the market reaction to this accumulation has been muted, as Bitcoin price remains in the range of $118,000 to $120,000. Low volatility suggests that this accumulation has not yet led to significant market changes.
Future Implications
Bitcoin's consolidation phase aligns with historical trends where whale accumulation preceded major bull runs. Long-term holders absorbing supply may provide market stability and set the stage for future price increases.
Whale activity highlights potential for supply squeezes. Historical patterns suggest that long-term holders may herald significant market changes.
