In the face of market participants' caution, Bitcoin continues to strive for record levels. A new wave of accumulation among large wallets is raising discussions about potential changes in market conditions.
New Whales Accumulate 1.1 Million BTC
According to CryptoQuant, new large investors holding at least 1,000 BTC and who have purchased coins less than six months ago have significantly increased their holdings. From March 1 to June 4, 2025, their assets doubled from 500,000 BTC to 1.1 million BTC, increasing the share of these wallets in Bitcoin's total supply from 2.5% to 5.6%. This change represents a significant shift in the market.
Shrinking Bitcoin Supply
According to a report from Sygnum Bank, Bitcoin's supply is shrinking as institutional demand increases, largely due to reduced exchange balances. These factors could lead to demand shocks and price volatility as several governments consider adopting Bitcoin as a reserve asset.
Market Trend Implications
Observations from Glassnode confirm that Bitcoin's largest holders have resumed accumulation after a brief period of distribution. This trend signals growing market confidence, which may significantly alter Bitcoin's near-term trajectory, especially in light of macroeconomic factors.
The observed changes in Bitcoin accumulation and its shrinking supply could have a significant impact on the market. Market participants are closely monitoring whale movements and overall trends to assess future price directions.
